The Day by day Hit is a recap of the highest hashish enterprise tales for June 28, 2022.
ON THE SITE
Secure Harbor Monetary SPAC Postponed Once more
The Northern Lights Acquisition Corp. (NASDAQ: NLIT), a particular objective acquisition company, has rescheduled its particular assembly of stockholders as soon as once more to Tuesday, June 28, 2022 at 4:00 pm ET. The vote was initially deliberate for June 24 as a way to approve Secure Harbor Monetary because the qualifying transaction for the SPAC. Learn extra right here.
Aleafia Well being Reaffirms Steering for 2023
Aleafia Well being Inc. (OTCQX: ALEAF) reported its monetary outcomes for the quarter ended March 31, 2022, with complete income of $10.7 million versus final yr’s $7.5 million for a similar time interval. The online loss was trimmed to $4.1 million from final yr’s $11.2 million for a similar time interval. Aleafia additionally reaffirmed steerage of delivering between $53 and $63 million in complete internet income within the fiscal yr 2023. Learn extra right here.
Jazz Prescription drugs MS Research Misses its Mark
Jazz Prescription drugs plc (Nasdaq: JAZZ) introduced top-line outcomes from the Section 3 RELEASE MSS1 trial (NCT04657666) evaluating nabiximols oromucosal spray (JZP378, or Sativex , ex-U.S.) on medical measures of spasticity in people with a number of sclerosis (MS). The RELEASE MSS1 trial didn’t meet the first endpoint of change in Decrease Limb Muscle Tone-6 (LLMT-6) between baseline and Day 21, as measured by the Modified Ashworth Scale (MAS). Learn extra right here.
Analysts are Warming As much as Aurora Hashish
Two analysts have begun warming as much as Aurora Hashish (NASDAQ: ACB) however for 2 totally totally different causes. Stifel analyst W. Andrew Carter upgraded his score on Aurora from Promote to Maintain and lowered his goal value from C$2.50 to C$2.15. Cantor Fitzgerald analyst Pablo Zuanic upgraded his score from Impartial to Obese and elevated his value goal from C$3.90 to C$4.05. The inventory is at the moment buying and selling round C$2.00 ($1.55). Learn extra right here.
IN OTHER NEWS
New Leaf Ventures Inc.
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF, a administration and funding group devoted to evaluating, investing, and accelerating superior stage operations within the North American Hashish sector, needs to advise that an evaluation of the area’s oversaturated hashish manufacturing circumstances has led to the strategic divestiture of kit, downsizing of associated personnel, and an infusion of capital by way of the sale of cultivation associated property. The corporate and the license holder stay dedicated to the event, manufacturing, distribution and sale of hashish retail manufacturers and merchandise. Learn extra right here.
Pervasip Corp., KRTL Worldwide Corp.
Pervasip Corp. (OTC: PVSP), a developer of corporations and applied sciences in excessive worth rising markets, and Artizen Corp. right now introduced that it and Dr. Kyeung-Il Park, the Head of Division of Horticulture & Life Science in Yeungnam College, in partnership with KRTL Worldwide Corp., a completely owned subsidiary of KRTL Holding Group Inc. (OTC: QENC), have obtained approval to be performing because the unique professional teams offering providers and help for the event of the indoor good rising part of the Korean Hemp improvement mission. Learn extra right here.
Brilliant Inexperienced Company
Brilliant Inexperienced Company (Nasdaq: BGXX), an organization chosen by the U.S. authorities to develop, manufacture, and promote, beneath federal and state legal guidelines, hashish and cannabis-related merchandise for analysis, pharmaceutical functions and affiliated export, right now offered an replace on the progress made on its world-class agricultural complicated in Grants, New Mexico. Learn extra right here.
Aleafia Well being Inc.
Aleafia Well being Inc. (TSX: AH, OTCQX: ALEAF) introduced that it has closed its beforehand introduced modification of its unsecured convertible debentures. “We’re delighted we’ve got now accomplished this transaction,” stated Tricia Symmes, Aleafia Well being’s CEO. “We wish to thank all those that participated for demonstrating their confidence within the Firm’s future. Coupled with the closing of the $5.6 million personal placement introduced final week, the Firm is now a lot better positioned to execute on its formidable progress plans in all key segments of its enterprise: adult-use, medical and worldwide.” Learn extra right here.
Turning Level Manufacturers, Inc., Petalfast Inc.
Petalfast Inc., a full-spectrum advertising and marketing and gross sales company for the hashish business, introduced a partnership with Turning Level Manufacturers, Inc. (NYSE: TPB), to drive distribution growth of their iconic rolling paper model, Zig-Zag. Turning Level is a producer and distributor of nationwide branded shopper merchandise, together with different smoking equipment and consumables. Learn extra right here.
Khiron Life Sciences Corp.
Khiron Life Sciences Corp., (TSXV: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) a worldwide medical hashish firm, continues growth of the Khiron end-to-end answer all through Latin America and Europe. Khiron is serving a report variety of sufferers who’re being handled with Khiron merchandise globally. The corporate has lately reached a cumulative inventory of greater than 100.000 bottles of medical hashish offered. Learn extra right here.
DC Hashish Commerce Affiliation
As we speak, in a significant win for hashish sufferers, the DC Council voted unanimously to go the “Medical Marijuana Self-Certification Emergency Modification Act of 2022.” This invoice permits people 21 years of age and older to self-certify their eligibility for medical hashish with no need a healthcare practitioner’s advice. Learn extra right here.
The statements made regarding these merchandise haven’t been evaluated by the Meals and Drug Administration. The efficacy of these merchandise has not been confirmed by FDA-approved evaluation. These merchandises are normally not meant to diagnose, take care of, treatment, or forestall any sickness. All knowledge discovered proper right here won’t be meant as another option to or totally different from knowledge from well-being care practitioners. Please search the recommendation of your well-being care expert about potential interactions or totally different attainable points sooner than using any product. The Federal Meals, Drug and Magnificence Act requires this discovery.