The Daily Hit is a recap of the top financial news stories for July 31, 2023. On the Site Columbia Care, Cresco Labs Sack $2 Billion Megadeal After months of swirling doubt and some bought time, Cresco Labs (CSE: CL) (OTC: CRLBF) and Columbia Care (Cboe/NEO: CCHW) (CSE: CCHW) (OTC: …

A two-year-old acquisition deal of multistate operator Green Dragon by California-based Eaze is now the subject of a fraud lawsuit filed by the former owners of Green Dragon, who say the deal wouldn’t have gone through if Eaze had been honest about its precarious financial situation. The lawsuit, filed by …

New York state authorities have taken their first steps outside of New York City to address the broader unlicensed marijuana market across the Empire State, with raids on seven illicit shops in Cayuga, Oswego, and Wayne counties. Officials from the New York Office of Cannabis Management, the attorney general’s office, …

Massachusetts-based multistate operator MariMed (OTCQX: MRMD) is suing a Nevada cultivation company, The Harvest Foundation LLC, claiming the owners lost their state-issued licenses to grow cannabis before a multimillion-dollar sale was finalized. The suit, which was filed in Massachusetts federal court last week, alleges Harvest owners Larry Lemons and Donnie …