The Daily Hit is a recap of the top financial news stories for Thursday, August 8, 2024. On the Site L.A. County watchdog agency: City’s cannabis licensing, social equity needs reform A civil grand jury reported that some licensed L.A. dispensaries are so desperate for revenue that they’ve begun breaking …
The Daily Hit is a recap of the top financial news stories for Wednesday, August 7, 2024. On the Site High Times receiver returns to post, but with spending limits Receiver Kevin Singer’s role has been severely scaled back to only to review purchase offers for assets. Read more here. …
Florida-based AFC Gamma (NASDAQ: AFCG) posted net income of $16.4 million for the second quarter of the year, which ended June 30, and paid a dividend to shareholders of 48 cents per common share. The cannabis sector lender, which operates as a commercial mortgage REIT, pulled in revenue of $18.3 …
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has invested more than $60 million into this year’s recreational marijuana legalization campaign in its home state of Florida, and on Tuesday, CEO Kim Rivers used the company’s quarterly earnings call to give the initiative one more “shameless plug.” Rivers said that Florida …