The Daily Hit is a recap of the top financial news stories for Monday, April 1, 2024.
On the Site
Goodness Growth delivers increased revenue, agrees to sell Vireo Health of New York
Goodness Growth Holdings Inc. (CSE: GDNS)(OTCQX: GDNSF) reported financial results for its fourth quarter and full year ended Dec. 31, 2023. Revenue jumped 26% in the fourth quarter to $24.2 million over last year’s $19 million.
Florida Supreme Court OKs adult-use cannabis ballot measure
Florida’s state Supreme Court on Monday greenlit an adult-use ballot measure bankrolled by Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF). The measure requires 60% of the vote to pass.
‘Proximity protection’ in New York a new battleground for dispensaries
A rule established by New York cannabis regulators requiring that all legal marijuana shops be at least 1,000 feet apart is under fire, both from a new lawsuit and also from other stakeholders unhappy about the protocol.
Michigan’s Done Right partner claims he was done wrong, sues Colorado partner
Michigan cannabis company Done Right Properties and its owner Daniel Reinhold is suing his Colorado-based partner Marc Steimer of The High Consultants (THC) and accusing him of stealing his investors.
Flora Growth to buy TruHC for $6.4M in bet on German cannabis
The deal includes EU-GMP certified facilities and various licenses for cannabis production, distribution, and testing.
More earnings:
In Other News
Cannadabis Capital
CanadaBis Capital Inc. (TSXV: CANB), a vertically integrated Canadian cannabis company, announced results from its second quarter fiscal 2024, its 10th consecutive quarter generating net revenue.
Cannabis advertising
Good Day Farms, a marijuana dispensary in northern Missouri, purchased the advertisement, noting it only takes 90 miles to drive to their shop from Des Moines.
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