The Daily Hit is a recap of the top financial news stories for Tuesday, September 3, 2024. On the Site List of New York cannabis retailers delinquent on bills has just two names The policy, which prohibits extending credit to companies on the list, appears to be doing what it …
Tag: Southeast
Red White & Bloom second-quarter financials remain stable year-over-year
Toronto-based Red White & Bloom Brands Inc. (CSE: RWB) reported a net loss of C$10.6 million for the second quarter of the year, which ended June 30, bringing its total losses for the calendar year to C$16.7 million. Losses have widened year-over-year from C$9.4 million in the second quarter of …
The Daily Hit: August 27, 2024
The Daily Hit is a recap of the top financial news stories for Tuesday, August 27, 2024. On the Site Ascend Wellness parts with both its CEO, CFO Declining sequential revenue and increased losses may have led to the C-suite overhaul. Read more here. Cannabis stocks tumble as rescheduling hopes …
Psilera gets positive news on psilocybin drug for dementia
Psilera Inc. reported positive results in initial studies of its non-hallucinogenic psilocybin drug that it plans to use in dementia treatments. The initial toxicity readouts from maximum tolerated dose in vivo studies show a strong safety profile for the company’s PSIL-006 drug. “From the start, our primary focus was to …