Bids are being reviewed for both companies, according to the broker in charge of the listing.
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Category: Business
NewLake posts $26M profit for 2024, issues shareholder dividend
Fourth-quarter revenue for the REIT was negatively impacted by a tenant entering receivership.
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MariMed sees wholesale growth from edibles as it cuts losses in 2024
The MSO saw wholesale revenue growth of 29% despite narrowly falling short of topline expectations.
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Report: Connecticut cannabis sales weak compared to neighboring markets
The New England state also had the highest per gram price for cannabis when compared to neighboring states.
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Safe Harbor restructures debt, frees up $6M in cash flow
The debt restructuring gives the company breathing room as Mendez takes over as CEO.
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Price compression is coming to New Jersey
Benzinga’s New Jersey Spotlight conference tone varied between optimism over opportunities and the realities of the market.
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Jazz Pharmaceuticals buys Chimerix for $935 million
The company’s cannabis drug, epidiolex, represents 25% of its sales.
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Hydrofarm misses estimates on sales decline, goes further in the red
The hydroponics equipment maker struggled with sales but highlighted cost-cutting progress and brand strategy shifts.
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Cannabis CEO ‘bullish’ on Pennsylvania legalizing recreational market
At least two competing bills to set up an adult-use industry in the state are already in front of lawmakers.
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New York governor wants $50 million back from social equity fund
The governor’s budget calls for repayment from tax receipts, rather than those funds going to regulators.
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