Canadian cannabis processor and producer Adastra Holdings Ltd. (CSE: XTRX) reported its financial results for the fourth quarter and fiscal year ending Dec. 31, 2023, showing its highest sales haul yet, which was coupled with a rise in net loss. For the fiscal year, the company posted gross revenue of …
Tag: Investing
Tryp Therapeutics merger with Exopharm approved by shareholders
Clinical-stage psychedelic biotech, Tryp Therapeutics, Inc., has announced that its previously announced plan to merge with Exopharm Limited has received approval from Exopharm’s shareholders. The arrangement, which is expected to close on or about May 1, has satisfied all conditions precedent, with the exception of the conditional approval from the …
Software crash hit Michigan marijuana dispensaries on 4/20
This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Business was humming on Saturday at Bazonzoes’ three marijuana dispensary locations. Hundreds were in line to take advantage of the retailer’s large 42% discount to celebrate the 4/20 holiday. Then it all started to fall apart …
Cannabis industry celebrates strong 4/20 – despite software challenges for some
While social media has been awash with the technical difficulties and loss of sales experienced by many cannabis retailers who used Dutchie’s point-of-sale platform, most of the industry is celebrating a “record” April 20 sales day. Sales data from Flowhub, Treez, and Jane Technologies indicated that 4/20 and the week …