Seattle-based Leafly Holdings Inc. (Nasdaq: LFLY) reported a net loss of just $1.1 million for the third quarter of the year, bringing its greatly reduced losses for the year to a mere $4.8 million. Losses for the company fell about 50% year-over-year from $2.2 in the third quarter last year …
The Daily Hit is a recap of the top financial news stories for Thursday, November 7, 2024. On the Site Illinois government blamed for failing social equity cannabis businesses in new lawsuit The lawsuit claims that Gov. Pritzker’s administration implemented “discretionary policies” that led to their troubles. Read more here. …
Chicago-based Green Thumb Industries Inc. (OTC: GTBIF) said Thursday its third-quarter revenue rose 4.2% as the company expanded its retail footprint, even though same-store sales declined. The multistate operator posted net income of $8.6 million for the quarter ended Sept. 30, versus $10.5 million in the same period a year …
Now that the 2024 presidential election dust is in the process of settling, cannabis industry insiders may very well be wondering what’s next, given the mixed past policy stances regarding marijuana from President-elect Donald Trump. The answer is that the status quo is probably the worst-case scenario. In a best-case …