As a California-based court-appointed receiver continues working to get MedMen creditors paid and debts settled, one of the company’s former landlords in a suburb of Buffalo has filed suit against the defunct multistate operator for almost $70,000 in unpaid rent and related bills. MedMen went belly-up earlier this year, and …
Tag: Investing
Tokyo Smoke launches stalking horse sale process
Longtime Canadian cannabis retailer Tokyo Smoke announced it has begun a court-supervised sale process as part of its restructuring efforts. The company entered into a share subscription agreement with its parent, TS Investments Corp., which will put up all of Tokyo Smoke’s shares for about C$77 million, plus assumed liabilities, …
Cybin misses end of summer goal for Phase 3 study start
Following a reverse share split, Cybin Inc. (NYSE American: CYBN) updated investors on the company’s pipeline. Share consolidation On Thursday, Cybin completed its share consolidation to reduce the number of outstanding shares and drive the value per share higher. Shareholders had approved a consolidation as high as one share for …
‘You can advertise’: Tips for navigating cannabis advertising in diverse markets
For plenty of cannabis companies, figuring out effective marketing to draw in customers may seem an insurmountable hurdle, given the heavy restrictions on how and where it can be done. But there are ways to reach consumers, a pair of experts on the topic said during a webinar hosted Thursday …