StaffThe Daily Hit is a recap of the top financial news stories for April 3, 2024.
On the Site
Cannabis delivery firm Eaze may face worker strike in lead-up to 4/20
California-based marijuana delivery firm Eaze is facing a possible worker strike in the weeks leading up to April 20 over negotiations with drivers over mileage reimbursement and other outstanding issues, according to the national labor union that represents the workers.
Report: Alaska still pays the highest price for marijuana
According to the latest 2024 Wholesale Pricing report by LeafLink, where you live determines how much you pay for marijuana. The new report broke down the prices paid in legal markets across the U.S., and consumers in some states are paying considerably more for their cannabis products.
Cost cuts fuel 1933 Industries’ upswing
The uplift includes a 543% rise in gross profit, with AMA’s product revenues growing by 10%. 1933 reported total revenue of $4.7 million for the quarter, a 10% increase from the same period in the previous year.
Small cannabis firms get squeezed as industry falls $3.8B behind on bills
The U.S. cannabis industry is grappling with a staggering $3.8 billion in delinquent payments, which poses an existential threat to many businesses in the sector, according to a new report from Whitney Economics.
Filament’s pivots pay off, nets $2.1M revenue in 2023
Filament reported $1.8 million in cash and cash equivalents, $1.1 million in working capital, and used $4.2 million in operating activities during the year.
In Other News
Lifeist Wellness
Lifeist Wellness (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) commenced restructuring proceedings for one of its wholly owned subsidiaries, CannMart Labs. This restructuring does not impact CannMart Inc.
HYTN Innovations
HYTN Innovations (CSE: HYTN) (FSE: 85W0) announced two strategic commercial initiatives in order to penetrate a wider global cannabis market, underscoring the company’s commitment to leading the GMP-certified cannabis products industry.
