News from: High Times, Minnesota, Rep. Blumenauer, Organigram, and more.The Daily Hit is a recap of the top financial news stories for Tuesday, June 25, 2024.
On the Site
ExWorks terminates receiver agreement for High Times properties
Kevin Singer is no longer the receiver for the High Times properties.
Read more here.
Minnesota cannabis social equity program draws 700 applicants in 24 hours
The initial filing of paperwork is just the first of several steps, with the window for full licensure opening July 24.
Read more here.
Oregon’s Representative Earl Blumenauer is more positive about Rescheduling than the Farm Bill
Rep. Blumenauer doesn’t believe the 2024 Farm Bill will get passed in 2024.
Read more here.
Organigram sets up for expansion in Europe with Sanity Group investment
The deal also expands an existing supply agreement between the two companies.
Read more here.
Good Shroom doubles profit despite revenue dip, going concern
The cannabis firm reports profit streak, but flags customer concentration risk and ongoing liquidity concerns.
Read more here.
In Other News
RIV Capital
RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) appointed David Vautrin as chief retail officer, effective June 18. Vautrin will initially oversee retail and wholesale operations in New York, ahead of the anticipated completion of the previously announced business combination with Cansortium, upon which time it is expected that he will assume responsibility for the combined company’s retail footprint.
Read more here.
Grown Rogue International
Grown Rogue International (CSE: GRIN) (OTC: GRUSF) intends to amend its articles to redesignate its existing class of common shares without par value in the capital of the company as Subordinate Voting Shares and create a new class of unlisted Multiple Voting Shares.
Read more here.
Detroit, Michigan
Billboards advertising marijuana dispensaries have become nearly ubiquitous along Michigan’s highways and some local streets, and at least one elected leader wants to curtail the ads within the state’s largest city.
Read more here.