Canadian cannabis processing company Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) reported a climb in revenue for the first quarter ending Dec. 31, 2023, driven by the company’s expansion into Alberta. The company achieved a record $4.1 million in gross sales for the quarter, a 190% year-over-year increase and a …
Tag: Investing
Compass widens Q4 loss as patient hurdles slow trials
Compass Pathways (Nasdaq: CMPS) reported its financial outcomes for the fourth quarter of 2023 ended Dec. 31, 2023, noting advancements in its clinical trials despite enrollment challenges. The London-based biotech firm posted a net loss of $118.5 million, up from a net loss of $91.5 million for the same period …
Maryland dispensary fined $26k for selling dumpster cannabis
Maryland cannabis company Curio Wellness was fined $26,000 by state regulators for reselling marijuana products some of its employees retrieved from a dumpster just weeks after adult-use sales began in the state. An inventory manager identified as A.J. at Curio’s Far & Dotter dispensary, on the north side of Baltimore, …
The Daily Hit: February 29, 2024
The Daily Hit is a recap of the top financial news stories for Feb. 29, 2024. On the Site BZAM restructures, to go up for sale under creditor protection order Cash-strapped Canadian marijuana company BZAM Ltd. (CSE: BZAM) (OTC: BZAMF) announced Thursday that it has obtained a court order protecting …