Cannabis cultivation and extraction solutions company Agrify Corporation (Nasdaq: AGFY) touted a significant reduction in net losses for the third quarter ending Sept. 30, as sales continue to remain downbeat. The company highlighted a series of successful cost-cutting measures and decisions that have led to the “lowest historical net loss” …

The Daily Hit is a recap of the top financial news stories for Jan. 2, 2024. On the Site New York Makes Two MSOs Wait for Recreational Market Entry During a chaotic meeting on Friday, New York marijuana regulators told two multistate operators – Fiorello Pharmaceuticals Inc., which is owned …

Toronto-based cannabis operator Shiny Health & Wellness Corp. (TSXV: SNYB) experienced a notable dip in revenue and a rise in net loss, according to its financial statements for the third quarter ending Oct. 31, 2023. The company’s revenue fell 42.7% in the three-month period, to C$4.28 million, compared to the same …

Florida-based Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced last week that it secured a new commercial loan of $25 million at 8.31% interest for five years. Funds from the deal will be used to help the company pay for ongoing operations. The company put up one of its Florida …