The Daily Hit: September 26th, 2024 | How to order Skittles Moonrock online
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News from Weedmaps CanaFarma Kentucky 4Front Ventures
The Daily Hit is an overview of the top stories in financial news for Thursday, September 26th 2024.
On the Site
SEC fines Former Weedmaps executives $175k apiece for ‘misleading’ user numbers
The SEC announced that the company had agreed to pay a $1.5million fine to settle the same allegations.
CanaFarma case: SEC issues final judgments
CanaFarma Cofounder Vitaly Fargesen has been fined and banned from penny stock offerings.
Kentucky awards first medical marijuana license to testing lab
The lottery for the cultivation and processing permits will be held on October 28.
Hemp companies sue New Jersey for new regulatory system
Operators argue that the new rules alter the definition of hemp as it was outlined in the 2018 Farm Bill.
Canaccord Genuity helps 4Front with its finances
The company also signed a new credit agreement for $2.6 million with an existing lender.
Simply Solventless acquires pre-roll manufacturer for $13.5 Million
Simply Solventless’ projected net income for 2024 is expected to increase to $10 million annually.
Earnings:
Other News
Shiny Bud
Shiny Health & Wellness Corp. has completed its NOI for its wholly-owned subsidiary Shiny Bud in accordance with the provisions of Canada’s Bankruptcy and Insolvency Act. The company issued 100 common shares to a purchaser on Sept. 20, 2024 and cancelled all previously issued securities by Shiny Bud.
US cannabis policy
A federal advisory panel has called for a public-health approach that is a departure from the “Just Say No” mantra. The report released on Thursday proposes a health focused strategy, with the Centers for Disease Control and Prevention playing a greater role in cannabis policy.
Global cannabis seed market
The global cannabis seed market was valued at $1.3billion in 2021, and is projected to grow to $6.5billion by 2031. This represents a CAGR between 2022 and 2031 of 18.4%.
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