Cannabis stocks popped briefly on Thursday morning before taking a nosedive after President-elect Donald Trump’s pick for attorney general, former U.S. Rep. Matt Gaetz, announced his withdrawal from consideration for the job. The AdvisorShares Pure US Cannabis ETF (MSOS) – one of the touchstones of marijuana stock trading – opened …
Canadian cannabis manufacturer Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) terminated its planned business combination with Arogo Capital Acquisition Corp. (NASDAQ: AOGO), a special purpose acquisition company, citing failures to meet key regulatory requirements. The Ontario-based company sent Arogo a termination letter stating the SPAC failed to fulfill covenants related …
Canadian cannabis producer Decibel Cannabis Co. (TSXV: DB) (OTCQB: DBCCF) reported a 12% year-over-year decline in its third-quarter revenue as the company battled increased competition in Canada and paused exports to Israel, though the company says a recent acquisition will help expand its international reach. Revenue fell to C$24.1 million …
A $40 tourist medical card and easy access to beachfront dispensaries – that’s the new reality for the U.S. Virgin Islands after it began licensing its adult-use market this week. USVI joined other U.S. territories in positioning to capitalize on the visitor traffic that already comes to their shores. The …