Just days after Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) reported a $657 million net loss for its most recent fiscal year, which concluded at the end of March, company leadership insisted during the business’s regular earnings call that it is moving in the right direction by with a broadening …

The Daily Hit is a recap of the top financial news stories for Thursday, May 30, 2024. On the Site Cansortium, RIV Capital to merge, creating new four-state MSO Once the deal closes, the newly formed multistate operator will have eight cultivation and processing facilities and 42 dispensaries. Read more …

Struggling British Columbia-based AgriCann Solutions Corp. remains under a cease trade order from the British Columbia Securities Commission amid its three-month stall in cannabis production. The company also laid off an undetermined number of staff in order to cut costs and said it may have to exit the public sphere …

Florida-based Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) and New York-based RIV Capital (CSE: RIV) (OTC: CNPOF) will merge forces into a single new cannabis company, with the blessing of RIV stakeholder Scotts Miracle-Gro (NYSE: SMG), the trio of companies announced Thursday. Once the deal closes, the newly formed multistate operator …