Delaware’s moving one step closer to launching adult-use marijuana sales, with news that the state will start accepting license applications from entrepreneurs on Aug. 19. The state Marijuana Commissioner’s Office will accept applications until Sept. 30, according to a press release from the agency. Eligible applicants will be entered into …
Tag: Northeast
Mind Medicine launches new public offering to raise $75 million
New York-based Mind Medicine (Nasdaq: MNMD) announced a new public offering of roughly 9.2 million shares at $7 each, which is aimed at raising $75 million for the psychedelics company. According to the press release announcing the offering, some investors will be given the option of purchasing about 1.4 million …
MariMed sales up in the second quarter, expansion costs rise
MariMed Inc. (CSE: MRMD) (OTCQX: MRMD) reported mixed second-quarter results on Wednesday, with strong revenue growth offset by margin pressure and more expenses as the company continues to extend its footprint up north. The multistate operator posted revenue of $40.4 million for the quarter ending June 30, up 11% from …
The Daily Hit: August 6, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, August 6, 2024. On the Site Ohio welcomes recreational marijuana sales with excitement, celebration Earlier today, adult-use recreational cannabis went on sale at dozens of dispensaries across Ohio, nearly nine months after voters approved Issue 2. …