The Daily Hit: November 5, 2024
News from: Curaleaf, Trulieve Cannabis Corp., Agrify, Slang Worldwide and more.
The Daily Hit is a recap of the top financial news stories for Tuesday, November 5, 2024.
On the Site
Former Curaleaf SVP alleges sexual harassment, death threat, racist comments
Khadijah Tribble filed a lawsuit against the MSO claiming retaliation for reporting misbehavior by executives.
Slang Worldwide the latest big name cannabis company to collapse
The company announced it had several maturing debts that it would be unable to pay.
GTI’s Ben Kovler takes over Agrify following financing deal
Agrify’s founders are out as speculation swirls around the intent behind the deal.
Trulieve CEO: Company in ‘solid’ shape as Floridians hit the polls
If Amendment 3 passes in Florida, CEO Kim Rivers expects the company to launch adult-use sales in May 2025.
Ohio’s monthly cannabis sales double since adult-use launch
While prices have been ticking down, cannabis products in Ohio are still the most expensive in the U.S.
Earnings:
In Other News
New Mexico
NNK Equity plans to sue the state of New Mexico for destroying what amounted to hundreds of thousands of dollars of private property after state police destroyed tens of thousands of pounds of marijuana at the company’s greenhouses.
Brazil
The board of directors for Brazil’s National Health Surveillance Agency (Anvisa) approved regulation of cannabis sativa-based products by the Ministry of Agriculture and Livestock (Mapa) and the prescription of these products by veterinarians.
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