Tag: Investing
-
Missouri revokes 25 cannabis licenses in social equity program crackdown
Missouri cannabis regulators revoked 25 more microbusiness licenses after concluding the operations wouldn’t be genuinely controlled by the disadvantaged entrepreneurs the program was designed to help, the Missouri Independent reported. The action brings to 34 the number of licenses canceled by the state since the social equity program launched in …
-
Psyence BioMed invests $500,000 more into PsyLabs, locks down Ibogaine supply deal
Psyence Biomedical (NASDAQ: PBM) invested an additional $500,000 in PsyLabs, deepening its relationship with the psychedelic ingredients producer while securing exclusive access to pharmaceutical-grade ibogaine. The cash infusion builds on Psyence’s initial partnership from September 2024, when it acquired an 11.13% equity stake in PsyLabs and locked down exclusive rights …
-
Grown Rogue posts strong early results from ABCO Garden State
Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) announced that its New Jersey cannabis cultivation affiliate generated $1.8 million in preliminary first-quarter revenue with gross margins between 55% and 60%, showing some early success in the Garden State market. The Oregon-based craft cannabis company provided some details on both the …