Nova Net Lease REIT (CSE: NNL.U) (OTCQB: NNLRF) plans to sell its cannabis real estate portfolio and wind down operations after struggling with low cash reserves and deteriorating market conditions in the cannabis REIT sector. The Toronto-based company will sell its operating partnership’s Class A units to Bluebird Real Estate …
This story was republished with permission from Crain’s Chicago. A marijuana grower and retailer from Western Illinois is expanding its presence in Chicago, buying three Okay Cannabis stores. Nature’s Grace & Wellness bought the dispensaries in West Town, Evanston and Wheeling from a group that includes Chicago restaurateurs Scott Weiner and …
Green Wednesday and its expected sales spike is just a week away. However, data suggests the cannabis industry’s Black Friday equivalent may be more about timing shifts than actual sales growth, with deeper discounts eating into profits. Sales data suggests consumers are simply shifting their regular weekend purchases to earlier …
The Daily Hit is a recap of the top financial news stories for Thursday, November 21, 2024. On the Site Cannabis stocks up briefly Thursday before plunging on Gaetz withdrawal The potential appointment of a pro-cannabis attorney general had boosted sentiment among cannabis investors. Read more here. Agrify gets $26M …