Canadians are drinking less alcohol as consumption of cannabis rises, according to a new report released by Statistics Canada that tracked sales in the country from April 1, 2023, to March 31, 2024. While alcohol sales still dwarf cannabis sales, the trends are telling alcohol consumption is declining and cannabis is growing. …
Tag: Investing
Incannex Healthcare announces $12.5 million offering
Incannex Healthcare Inc. (Nasdaq: IXHL) announced that it has raised $12.5 million to fund ongoing clinical trials. Incannex said the studies include completing the U.S. Phase 2 study of IHL-42X, an oral, once-daily treatment for sleep apnea, and its expansion into the Phase 3 portion of the study, with… Please …
New York cannabis trade group chief sounds alarm over financing barriers, price compression
The nascent legal New York recreational marijuana market – which launched in December 2022 – is on the financial brink, according to the president of one of the state’s larger cannabis trade organizations, who said a lot of license winners have been either flipping their permits or selling equity stakes… …
Michigan cannabis retailer looks to New Jersey amid price collapse
This article was reprinted with permission from Crain’s Detroit Business. Michigan marijuana retailer Quality Roots is looking to bloom in the Garden State as local legal market prices continue to wilt. Birmingham-based Quality Roots opened its Marlton, New Jersey, dispensary earlier this week, looking to capitalize on higher prices and …