The Daily Hit is a recap of the top financial news stories for Tuesday, November 26, 2024. On the Site Canopy Growth names Luc Mongeau as its next CEO Mongeau is a current board member and CPG veteran. Read more here. Scotts Miracle-Gro shakes up C-suite, takes hit on cannabis stake The company reaffirmed its […]
One of the oldest medical cannabis companies in the world is returning to Canada after exiting that market five years ago. Based in Veendam, Netherlands, Bedrocan International was founded in 1984 as an agricultural production company. Bedrocan got into cannabis seed development in 1992; a decade later, it received its first medical marijuana cultivation license […]
News from: Starbuds Flowers, Canopy Growth Corp., Kentucky and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 17, 2024. On the Site Starbuds busted for Starbucks copycat logo Starbuds has to quit using the name and logo and destroy all products containing the images. Read more here. […]
The move expected to save about $14 million annually in interest expenses. Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) prepaid $100 million of its term loan at a discount, the company said Thursday. The Canadian cannabis company said it paid $97.5 million to reduce the loan by $100 million, a move expected to save about […]
News from: California hemp, Flora Growth, Missouri, Maine and more. The Daily Hit is a recap of the top financial news stories for Monday, October 14, 2024. On the Site Judge denies restraining order for California hemp ban Several hemp companies challenged emergency rules that ban hemp products with any detectable THC. Read more here. […]
Flora Growth Corp. (NASDAQ: FLGC) entered into a distribution agreement with Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) to bring medical cannabis vaporizers to the Australian market, the company announced Monday. The agreement allows Flora’s subsidiary, Australian Vaporizers, to distribute Canopy’s Storz & Bickel medical vaporizers throughout Australia. Storz & Bickel makes high-end vapes, including […]
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 […]
