A new Nevada state report confirms that the home to Sin City has been suffering a multiyear downturn in its cannabis trade, parallel to many other states that have seen marijuana sales slump since the end of the COVID-19 pandemic and quarantine-era government stimulus checks. But it also predicts a …
The Daily Hit is a recap of the top financial news stories for Tuesday, September 24, 2024. On the Site Tilray joining the hemp-THC club in the U.S. with infused beverages Riding the DTC hemp wave allows the Canadian producer to expand its portfolio beyond just traditional marijuana and alcohol …
Psyence Group (CSE: PSYG) said it will sell its 11.13% stake in PsyLabs to its affiliate Psyence Biomedical (Nasdaq: PBM) for $1.1 million in stock. The deal calls for Psyence Biomedical to issue shares valued at 55 cents each to Psyence Group, according to a news release. PsyLabs is a …
Tilray Brands (NASDAQ: TLRY) (TSX: TLRY) will introduce a line of hemp-derived delta-9 THC drinks in “key markets” in the U.S. next month. According to a Tuesday news release, the company formed a new business unit, Tilray Alternative Beverages, to implement moves like this. Tilray didn’t specify the markets where …