The Every day Hit: February 4th, 2021

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It’s time to your Every day Hit of cannabis monetary information for February 4th, 2020. 

On the Website

MassRoots Desires To Be The Best Come Again Within the Hashish Trade

MassRoots had a web lack of $142 million for the 9 months ending in September 2020. This can be a staggering loss, and MassRoots’ CEO attributes an awesome majority of those losses to by-product liabilities. “MassRoots’ liabilities at the moment exceed its belongings. Like a Phoenix rising from the ashes, we now have been working to rebuild MassRoots with the aim of creating it one of many best comeback tales within the cannabis business,” mentioned Isaac Dietrich, CEO of MassRoots.

 

Utilizing Music to Stimulate Hashish Plant Development

This text explains whether or not or not taking part in music makes a distinction to vegetation, and analysis signifies that sure varieties of music could yield favorable outcomes. 

 

Veriheal: A CannaTech Firm Centered on Medical Marijuana Card Accessibility 

Veriheal was created in 2017 by black businessmen Joshua Inexperienced and Samuel Adjetunji with the target of offering high quality medical marijuana training and sources. They supply a couple of providers to make it simpler to acquire a medical card, together with: finding medical marijuana docs, consultations to achieve extra information on cannabis and its advantages, dispensary locator, alternative to use for a medical marijuana card.  

 

iAnthus Will get $11 Million For New Jersey Facility

iAnthus (OTC: ITHUF) inventory popped over 57% to these days promote at 29 cents after the corporate was capable of shut on an $11 million bridge financing funded by sure lenders affiliated with the counterparties to the beforehand introduced restructuring assist settlement dated July 10, 2020.

 

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Energy REIT Acquires Facility Utilized by Canndescent 

Energy REIT (NYSE: PW) has acquired a 37,000 sq. foot state-of-the-art greenhouse cannabis cultivation facility positioned in Riverside County, California by means of a wholly-owned subsidiary for $7.685 million.

 

Break the Grass Ceiling: New Whitepapers Assist Girls within the Hashish Trade

Because the inspiration from the primary feminine Vice President grows, ladies are motivated to empower themselves and do much more superb issues than ever earlier than. In celebration of this historic occasion, The Nationwide Hashish Trade Affiliation and the Girls’s Inclusion Community by Arcview collectively launched a set of 5 cannabis-related white papers that outlines the completely different challenges ladies executives face within the cannabis business. 

 

GW Prescription drugs Inventory Pops on Acquisition 

GW Prescription drugs started the day with a market capitalization of round $4.6 billion with roughly 31.18 million shares excellent and a brief curiosity of about 8.3%. GWPH shares opened 47% larger right now at $215.00 (+$68.75, +47.01%) over yesterday’s $146.25 closing value and reached a brand new 52-week excessive this morning of $217.50. The inventory has traded right now between $212.15 and $217.50 per share and is at the moment buying and selling at $212.88 (+$66.63, +45.56%), in response to the acquisition.

In Different Information 

Delic Corp Proclaims Acquisition

Delic Corp, a psychedelic conglomerate, simply introduced a binding settlement to amass Ketamine Infusion Facilities (KIC). KIC operates two ketamine infusion therapy clinics, one in Phoenix, Arizona and one in Bakersfield, California. Within the final three years, KIC has generated over $1.55 million in income, and have performed over 4,000 therapies. 

 

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Sundial Growers Proclaims $74.5 Million Registered Providing Closing

The corporate introduced right now that it has closed an underwritten registered providing of 60,500,000 Sequence A Items. Every unit consists of 1 frequent share and one-half Sequence A Warrant, with every entire Sequence A Warrant allowing the holder to buy a single frequent share, and 14,000,000 Sequence B Items. 

Each Sequence A and Sequence B Items had been offered at a value of $1.00 per entire unit, minus $0.0001. 

 

Leafly and Jane Announce Partnership 

Two giants within the cannabis business, Leafly and Jane, are partnering collectively to deliver a better on-line cannabis client expertise. 

“[Dispensaries] don’t have an answer that may be seamless like a Shopify or Amazon,” Jane’s CEO Socrates Rosenfeld mentioned. “I believe, along with Jane’s skill to cleanse info in actual time, and basically automate e-commerce for big brick and mortar promoting sellers, combining that with Leafly’s client market, we’re making looking for cannabis so simple as purchasing on Amazon.”


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