StaffThe Daily Hit is a recap of the top financial news stories for Tuesday, December 3, 2024.
On the Site
With second lease on life, Eaze CEO says Florida key to success
Azzalino said Eaze’s upcoming Florida infrastructure investment will be critical to future stability.
LeafLink projects cannabis market to reach $55 billion by 2030
If cannabis is rescheduled, it could increase industry cash flow by $2-3 billion annually.
Canopy Growth to close Acreage deal next week
After years of delays and restructuring, some shareholders could walk away empty-handed.
CEA Industries to buy unnamed specialty retailer
CEA Industries has seen its revenues plunge as cannabis companies pull back on spending.
Curaleaf sues former director of operations in Colorado
Cura Co. is accusing Jamison Vosnos of sharing confidential information with Michael Quattrone of Crowded House cannabis.
In Other News
Nebraska
The Nebraska Attorney General’s Office filed a second “amended cross-claim” Friday on behalf of Secretary of State Bob Evnen in a lawsuit against two successful medical cannabis measures.
Pennsylvania
With a new legislative session just a month away, Pennsylvania state lawmakers plan to once again introduce legislation to decriminalize recreational marijuana.
Christina Lake Cannabis
The Company issued 56,663,636 Common Shares for gross proceeds of approximately $1,869,900 at a price of $0.033 per Common Share under the closing of the first tranche.
