SNDL Inc. (Nasdaq: SNDL) began trading on the Canadian Securities Exchange under the symbol SNDL, while maintaining its Nasdaq listing. Meanwhile, IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) said it received word from Nasdaq that it no longer complies with the minimum stockholders’ equity requirement for continued listing, giving the …
Tag: Investing
Scotts cuts Hawthorne Collective loose as it pivots away from cannabis
The Scotts Miracle-Gro Company (NYSE: SMG) made it official. The gardening behemoth has officially transferred its wholly-owned subsidiary, The Hawthorne Collective, Inc., to an independent strategic partner. Scotts established its hydroponic business, Hawthorne Gardening, to enter the cannabis space. In the beginning, it looked like a stellar plan, as the …
Cannabis industry navigates tariff shakeup with resilience akin to COVID days
As markets whipsaw in memecoin-fashion since the beginning of President Donald Trump’s on-again, off-again tariffs against various other nations, cannabis executives are navigating the recent surge in U.S. levies, particularly on Chinese goods. Marijuana businesses have been reacting with relatively less alarm than other sectors, partially due to the industry’s …
Dutch coffee shops kick off government-sourced cannabis sales
The Netherlands launched a new phase in its cannabis regulation initiative this week, requiring participating coffee shops in various cities to sell only marijuana products sourced from government-authorized growers. The expansion, first announced in 2022, aims to eliminate a long-standing legal loophole in Dutch policy, where selling cannabis was mostly …