The Maine Office of Cannabis Policy on Thursday issued another product recall, citing potentially unsafe levels of mold and yeast in a marijuana flower strain called The Soap in four shops in Bethel, Biddeford and Sanford. The recall is only the third in the state’s history, following earlier recalls in …
Tag: Midwest
Leafly gets losses under control, but faces possible Nasdaq delisting, debts coming due
Seattle-based Leafly Holdings Inc. (Nasdaq: LFLY) reported a net loss of just $1.1 million for the third quarter of the year, bringing its greatly reduced losses for the year to a mere $4.8 million. Losses for the company fell about 50% year-over-year from $2.2 in the third quarter last year …
The Daily Hit: November 7, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, November 7, 2024. On the Site Illinois government blamed for failing social equity cannabis businesses in new lawsuit The lawsuit claims that Gov. Pritzker’s administration implemented “discretionary policies” that led to their troubles. Read more here. …
Green Thumb revenue grows even as same-store sales fall
Chicago-based Green Thumb Industries Inc. (OTC: GTBIF) said Thursday its third-quarter revenue rose 4.2% as the company expanded its retail footprint, even though same-store sales declined. The multistate operator posted net income of $8.6 million for the quarter ended Sept. 30, versus $10.5 million in the same period a year …