The Daily Hit: October 9, 2024
News from: StateHouse Holdings, Wana Brands, Canopy Growth Corp., New Mexico and more.
The Daily Hit is a recap of the top financial news stories for Wednesday, October 9, 2024.
On the Site
With StateHouse on the brink, Harborside founders won’t rule out buying it back
“There’s nothing in the world that would make us happier than to be able to bring that baby back to life again.”
Canopy Growth finalizes Wana Brands acquisition after three years
The deal includes Wana Wellness LLC, The CIMA Group LLC and Mountain High Products LLC.
New Mexico cannabis sales down $4.3 million in September
Medical cannabis sales hit an all-time low in the month.
Court ruling deals blow to Michigan’s illicit cannabis market
The court of appeals overturned a decision that said illicit cannabis operators could only be charged with a misdemeanor.
MedCana expands South American cannabis footprint through six acquisitions
MedCana also acquired a seventh company based in Boston.
In Other News
Nebraska
The sponsors of Nebraska’s medical cannabis ballot measures are pushing back on the state’s chief election official for questioning nearly 100,000 signatures, which they say threatens “the initiative right altogether.”
Lowell Farms
Lowell Farms Inc. entered into management services agreements with two cannabis retail dispensaries located in Los Angeles. Under the terms of the agreements, Lowell Farms will assume operational management of the retail stores, with an option to acquire equity ownership through a non-binding letter of intent.
