The Daily Hit: November 11, 2024
News from: Surterra Wellness, TerrAscend, Washington, D.C., and more.
The Daily Hit is a recap of the top financial news stories for Monday, November 11, 2024.
On the Site
Former Surterra Wellness executives sue Wrigley over overvalued stock payments
The employees are facing huge tax bills on the inflated shares, but the shares are worthless
DC adult-use stores file lawsuit against city, mayor
The complaint alleges multiple constitutional violations and violations of D.C. law.
TerrAscend enters Ohio market with $10.3 million purchase of NEO dispensary
Ohio will mark the sixth state in TerrAscend’s U.S. footprint.
Ispire Technology posts slimmer-than-expected loss, sales miss
The company says its new I-80 vape filling machine is gaining traction with cannabis companies.
In Other News
CBD of Denver
Due to a lack of clarity in the German market, CBD of Denver announced that its timeline for a potential spin-off of Luxora Inc. has been extended to allow for reassessment of the business climate and strategic opportunities.
Innocan Pharma Corp.
Innocan Pharma Corp. announced its strategic decision to focus its development resources on advancing its Liposome Platform Technology-Cannabidiol (LPT-CBD), a monthly injectable treatment for chronic pain in both animals and humans. This decision follows encouraging progress with the U.S. Food and Drug Administration.
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