Douglas Rissing/iStock via Getty Images Pot stocks traded lower on Tuesday after a key House committee approved a spending bill that included measures to prevent the Department of Justice from rescheduling cannabis to a low-risk category. The GOP-led House Appropriations Committee voted 31-26 to approve the bill titled, the CommitteeContinue Reading
RapidEye SNDL (NASDAQ:SNDL) has decided to acquire Indiva Limited (OTCPK:NDVAF), a leading Canadian producer of cannabis edibles that is currently undergoing a court-cleared process to structure its business under bankruptcy protection. Late Friday, SNDL announced a purchase agreement with the London, Ontario-headquartered firm under which it will purchase “all ofContinue Reading
IM Cannabis (NASDAQ:IMCC) on Friday said that its board has approved the consolidation of its issued and outstanding shares on the basis of 1 post-consolidated common share for every 6 pre-consolidated common shares. The company added that July 12, 2024, has been set as the effective date of the consolidation.Continue Reading
Tunatura As additional states in the U.S. legalize marijuana for recreational purposes, a new report from the United Nations finds that hospitalizations for cannabis-use disorders are growing in the country. In addition, among those who use cannabis regularly, psychiatric disorders, including suicidal ideation and attempted suicide, are on the rise,Continue Reading
LPETTET/E+ via Getty Images High Tide (NASDAQ:HITI) has entered into a definitive asset purchase agreement to buy a retail cannabis store in Mississauga, Ontario, currently operating as Cantopia, for $600,000. For the trailing three months ended May 31, 2024, the store generated annualized revenue of $2.3 million and annualized adjustedContinue Reading
