Tag: Southwest
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Regulatory chaos threatens US hemp industry
The U.S. hemp-derived cannabinoid market has swelled in total value, but the industry continues to face serious threats from a messy patchwork of state bans and regulations that are stunting growth and pushing production overseas, according to a leading cannabis economist. “All this hysteria over cannabinoids is having a profound …
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Fluent posts $40M loss for 2024 despite New York entry, other expansion efforts
Florida-based Fluent Corp. (CSE: FNT.U) (OTCQB: CNTMF) posted a $40.3 million net loss for the 2024 calendar year against $103.5 million in net revenues, the company reported on Thursday after U.S. markets closed. The annual loss was up 78% year-over-year from the $22.7 million net loss reported in 2023, which …
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4Front Ventures delays annual filings, can’t pay auditors
4Front Ventures (CSE: FFNT) (OTCQB: FFNTF) said Wednesday it can’t meet its April 30 regulatory deadline to file its annual financial report because it can’t pay its auditors. The Phoenix-based company also applied for a management cease trade order that would temporarily restrict company leaders from trading its securities while …