The Each day Hit: August 1, 2022

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The Each day Hit is a recap of the highest hashish enterprise tales for August 1, 2022.

ON THE SITE

Downbeat Earnings Outlook For Scotts, GrowGen and Cover Development

Hashish firms are simply beginning to roll out the earnings season and with some large names on deck this week, Stifel analysts Andrew Carter and Christopher Growe printed an earnings preview report. As soon as darlings of the hashish business, hydroponics are fading quick as the marketplace for Scotts Miracle-Gro (NYSE: SMG) and GrowGeneration (NASDAQ: GRWG) have slowed to a crawl. Learn extra right here.

SOL Sees Hefty Losses, Shrinks Hashish Holdings

After the markets closed on Friday, SOL International Investments Corp. (CSE: SOL) (OTCPK: SOLCF) posted colossal losses because it continues to seek for stability amid new modifications in management. The corporate launched the findings in its unaudited monetary report card for the second quarter ending Could 31, 2022. Learn extra right here.

D.C. Lawmakers Speak Hemp Forward of 2023 Farm Invoice

Lawmakers in Washington D.C. heard testimonies from a slate of hemp advocates and stakeholders within the business seeking to present enter on the business manufacturing and processing of the crop. The listening to, titled, “An Examination of the USDA Hemp Manufacturing Program” was held final Thursday by the Subcommittee on Biotechnology, Horticulture, and Analysis (Committee on Agriculture). Learn extra right here.

Alexandria Ocasio-Cortez Will get Behind Psychedelic Therapies For Vets

In one more indication that lawmakers are persevering with to step up their curiosity in psychedelics, Miriam Delphin-Rittmon, the assistant secretary for Psychological Well being and Substance Use, despatched a letter to U.S. Rep. Madeleine Dean (D-PA) in Could, saying that the Substance Abuse and Psychological Well being Providers Administration (SAMHSA), a department of the U.S. Division of Well being and Human Providers, can be exploring the prospect of organising a federal activity drive to deal with and oversee features of a private-public partnership specializing in “advanced points” with psychedelics. Learn extra right here.

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IN OTHER NEWS

CURE Prescription drugs Holding Corp.

CURE Pharmaceutical Holding Corp. (OTC: CURR) (“CURE”), a proprietary platform expertise firm, as we speak introduced that the corporate can be internet hosting a teleconference with administration on Wednesday, August 3, 2022, at 5:00 pm Japanese Time to debate the latest $20 million non-dilutive sale of a small portion of its product and mental property portfolio and to supply a enterprise replace. Learn extra right here.

Jerry Garcia Wellness

Jerry Garcia Wellness, the CBD-centric enterprise that evokes the imaginative and prescient and values of Jerry Garcia, introduced as we speak the launch of its CBD wellness model and merchandise. Referred to as the founding father of The Grateful Useless, one of the profitable touring bands in rock and roll historical past, Jerry Garcia was an early proponent of hashish legalization and believed in its pure advantages a long time earlier than it turned widely known as an efficient support to well being and wellness. Learn extra right here.

Braxia Scientific Corp.

Braxia Scientific Corp., (CSE: BRAX) (OTC: BRAXF) (FWB: 4960), a medical analysis firm with clinics offering ketamine and psilocybin remedies for despair and associated issues, as we speak introduced the submitting of its audited monetary statements and administration dialogue and evaluation for the yr ended March 31, 2022. Learn extra right here.



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Disclosure

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 choice to or completely different from knowledge from well-being care practitioners. Please search the recommendation of your well-being care expert about potential interactions or completely different attainable points sooner than using any product. The Federal Meals, Drug and Magnificence Act requires this discovery.

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