Hawthorne, the cannabis-focused division of Scotts Miracle-Gro’s (NYSE: SMG), brought game during the company’s fiscal third quarter, despite ongoing industry challenges. “Hawthorne is making money, posting its first profitable quarter in two years,” Jim Hagedorn, chairman and CEO of Scotts Miracle-Gro, told investors during an earnings call on Wednesday. “Its …
The Daily Hit is a recap of the top financial news stories for Thursday, August 1, 2024. On the Site Missouri governor bans sale of hemp-derived intoxicants State officials cited a 600% increase in cannabis poisoning cases among children under 5 since 2018 as a key factor. Read more here. …
Missouri Gov. Mike Parson issued an executive order Thursday banning the sale of “unregulated psychoactive cannabis products,” a move that should have huge impacts on the state’s hemp industry. The order prohibits sales of foods containing psychoactive cannabis compounds unless they come from an “approved source,” which currently don’t exist …
Vireo Growth Inc. (CSE: VREO) (OTCQX: VREOF) said Thursday it has extended its credit facility with Chicago Atlantic and will convert outstanding convertible notes, as it continues efforts to improve its financial position following a rocky period. The company, which recently changed its name from Goodness Growth Holdings, said it …