Tag: Southeast
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Enveric posts $9.5M loss for 2024, but revenue could be on horizon with licensing deals
Florida-based psychedelics firm Enveric Biosciences (NASDAQ: ENVB), which is still in the pre-revenue stage, this week reported a $9.5 million net loss for 2024, down from the $17.4 million it lost in 2023 but still well in the red as it continues developing non-hallucinatory treatments for mental health disorders. The …
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Planet 13 pumps the brakes on expansion, keys in on Florida
Las Vegas-based Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNH) slowed its roll to accommodate industry setbacks, including the November loss of recreational marijuana legalization in Florida and “ongoing industry-wide price compression,” company leadership said during its quarterly earnings call last week. That means less rapid expansion and probably not as …
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Florida court maintains $1.3M medical marijuana license renewal fees
Florida’s First District Court of Appeal upheld a state formula requiring medical marijuana operators to pay around $1.3 million in biennial license renewal fees, rejecting arguments that the state should offset these costs with other cannabis-related revenue. The unanimous ruling, issued Wednesday, affirmed that the Florida Department of Health acted …