Now that the 2024 presidential election dust is in the process of settling, cannabis industry insiders may very well be wondering what’s next, given the mixed past policy stances regarding marijuana from President-elect Donald Trump. The answer is that the status quo is probably the worst-case scenario. In a best-case …
The Daily Hit is a recap of the top financial news stories for Wednesday, November 6, 2024. On the Site Florida voters reject recreational cannabis ballot measure Florida’s Governor Ron DeSantis announced on X that Amendment 3 failed. Read more here. Nebraska OKs medical cannabis use, Dakotas reject adult-use Election …
Connecticut-based Curaleaf Holdings, Inc. (CURA: CA) (OTCQX: CURLF) on Wednesday posted a net loss of $44 million for the third quarter of 2024, bringing its total losses for the year to $144 million despite more than $1 billion in revenue as of Sept. 30. Curaleaf’s stock took a major hit …
TerrAscend Corp. posted third-quarter results that missed analysts’ estimates after market close on Wednesday, while unveiling plans to enter Ohio’s market through a $10.3 million dispensary acquisition. The company’s revenue dropped to $74.2 million in the quarter ending Sept. 30, missing analysts’ average estimate of $76.66 million and falling from …