Beau Wrigley

The Daily Hit: November 11, 2024

Published

1 month ago

November 13, 2024

mscannabiz.com

News from: Surterra Wellness, TerrAscend, Washington, D.C., and more.

The Daily Hit is a recap of the top financial news stories for Monday, November 11, 2024.

On the Site

Former Surterra Wellness executives sue Wrigley over overvalued stock payments

The employees are facing huge tax bills on the inflated shares, but the shares are worthless

Read more here.

DC adult-use stores file lawsuit against city, mayor

The complaint alleges multiple constitutional violations and violations of D.C. law.

Read more here.

TerrAscend enters Ohio market with $10.3 million purchase of NEO dispensary

Ohio will mark the sixth state in TerrAscend’s U.S. footprint.

Read more here.

Ispire Technology posts slimmer-than-expected loss, sales miss

The company says its new I-80 vape filling machine is gaining traction with cannabis companies.

Read more here.

In Other News

CBD of Denver

Due to a lack of clarity in the German market, CBD of Denver announced that its timeline for a potential spin-off of Luxora Inc. has been extended to allow for reassessment of the business climate and strategic opportunities.

Read more here.

Innocan Pharma Corp.

Innocan Pharma Corp. announced its strategic decision to focus its development resources on advancing its Liposome Platform Technology-Cannabidiol (LPT-CBD), a monthly injectable treatment for chronic pain in both animals and humans. This decision follows encouraging progress with the U.S. Food and Drug Administration.

Read more here.

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