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News from Tilray Brands Arkansas, IM Cannabis, and more.
The Daily Hit is an overview of the top financial stories for Wednesday, 2 October 2024.
On the Site
Judge dismisses investor suit after clearing Tilray executives of wrongdoing
The lawsuit centered around allegations of fraud relating to Tilray’s 2019 deal with Authentic Brands.
Arkansas cannabis campaign sues the state over ballot measure refusal
The Secretary of State deemed only 88,000 of submitted signatures valid, short of 90,000.
Top House Democrats demand’swift’ action from DEA on cannabis rescheduling
The process will likely not be completed before 2025, despite growing federal support.
IM Cannabis reports sales in Germany are up 50%
Germany continues to be a growing market for IM Cannabis.
PharmAla Biotech supplies MDMA to Harvard Medical School Clinical Trial
The Harvard contract comes at a time when the prestigious university is renewing its focus on psychedelics research.
Other News
LEEF Brands
LEEF Brands, Inc. (CSE: LEEF), (OTC: LEEEF), completed phase 1 construction at Salisbury Canyon Ranch. The company received a 187 acre Land Use Permit for Cannabis cultivation and a business license. The first crop is expected to be harvested in 2025.
Justera Health Ltd.
Justera Health Ltd. signed a definitive agreement with Port NorthExtracts Inc. (CSE VTAL) (OTC Pink:SCRSF) to acquire 100% the issued and outstanding shares of this solventless cannabis brand.
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