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News from RIV Capital, Washington, D.C., Chicago Atlantic, Ohio, and more.
The Daily Hit is an overview of the top financial stories for Tuesday, 1 October 2024.
On the Site
Riv Capital’s CEO leaves ahead of Cansortium merger
David Vautrin is the interim CEO of Riv Capital.
DC cannabis coalition files sweeping lawsuit against two dozen illicit marijuana operators
The illegal operators claim that they are operating legally as I-71 Gifting Companies.
Patients are happy with Ohio’s medical cannabis program despite high prices
In 2024, 74% respondents to the survey were generally satisfied with state’s medical marijuana program, compared to 62% in 2023.
Chicago Atlantic BDC begins trading with new LIEN ticker symbols
The deal was announced in February, and it is expected to have an immediate impact.
Incannex’s losses narrow as R&D tax breaks buoy the company
The firm expects to present data from ongoing trials in 2024-2025.
Other News
Mood Cannabis
A cannabis e-commerce dispensary in Oklahoma City has informed the state that it will be laying off 120 workers. Mood Cannabis filed a Worker Adjustment and Retraining Notification Act notice with Oklahoma on Sept. 20, 2018.
Trulieve Cannabis Corp.
Trulieve Cannabis Corp., (CSE:TRUL) (OTCQX TCNNF), is partnering up with Black Buddha Cannabis, a women-owned and purpose-driven medical marijuana brand. Black Buddha Cannabis products will be introduced to Trulieve dispensaries across Arizona and Pennsylvania as part of the collaboration.
California
California Gov. Gavin Newsom vetoed AB1111, which would’ve directed the California Department of Cannabis Control (CDCC) to establish a small-producer events sales license, allowing small-scale cannabis growers to sell their cannabis at temporary state-licensed cannabis events.
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