Once blooming cannabis markets have been trimmed in recent years – but the reason isn’t all that insidious. OG markets like Colorado and Washington state have simply reached a new stage of development. They’re maturing. And that’s led to fewer jobs for those looking to get a foot in the …
Tag: Investing
The Daily Hit: August 29, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, August 29, 2024. On the Site New York hemp companies claim in lawsuit they’ve been wrongly targeted amid cannabis crackdown Judge Roger McDonough has already scheduled a hearing on the request for a temporary restraining order …
StateHouse sees progress in Q2, but substantial pressures remain
StateHouse Holdings Inc. (CSE: STHZ) (OTCQB: STHZF) announced solid results for its second quarter ending June 30, as revenue increased 10% to $27.8 million versus last year’s $25.3 million for the same period. StateHouse also reported net income in the quarter of $200,000 versus last year’s net loss of $2.1 …
Red White & Bloom second-quarter financials remain stable year-over-year
Toronto-based Red White & Bloom Brands Inc. (CSE: RWB) reported a net loss of C$10.6 million for the second quarter of the year, which ended June 30, bringing its total losses for the calendar year to C$16.7 million. Losses have widened year-over-year from C$9.4 million in the second quarter of …