Despite the headaches that many in the cannabis industry have endured, wholesale platform company LeafLink mined its data to determine that by 2030, the U.S. cannabis market is projected to reach around $55 billion. That would put the growth at an annual rate of 11%. The company released a new report titled, “Insights into The […]
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 […]
Online cannabis wholesale platform LeafLink purchased one of its competitors, Leaf Trade, for an undisclosed sum, the companies announced Tuesday. The new acquisition by LeafLink will fuel more growth for the ancillary company, which said in a press release that Leaf Trade will bring with it plenty of new customers, since it caters specifically to […]
Marijuana software company Distru raised $6 million in a Series A funding round led by Poseidon Investment Management. The funding will be used to expand Oakland, California-based Distru’s product offerings, enhance compliance inventory, integration and order-management capabilities, according to a news release. The raise also will enable the company to expand its integration with Florida-headquartered […]
The increasingly systemic problem in the U.S. cannabis industry of cash-strapped companies not paying their bills has led more businesses attempting to develop solutions to address the problem. Although the issue first gained headlines in the sprawling California marijuana market, it has expanded to several other states in recent months. And at least three efforts […]
