The Day by day Hit is a recap of hashish enterprise information for August 10, 2022.
ON THE SITE
Trulieve Stories Rising Income, However Offers Cautious Outlook
Trulieve Hashish Corp. (CSE: TRUL) (OTCQX: TCNNF) delivered its outcomes for the quarter ending June 30, 2022, with income growing 49% 12 months over 12 months to $320.3 million from $215.1 million and 1% sequentially. This was in step with the Yahoo Finance common analyst estimates for revenues of $320 million. Learn extra right here.
New Lake Capital Meets Expectations, Seems for ‘High quality Over Amount’
Hashish REIT NewLake Capital Companions, Inc. (OCTQX: NLCP) posted optimistic outcomes on Wednesday because it continues to inject capital into the hashish actual property panorama. The true property belief launched outcomes for the second quarter ending June 30, 2022. Learn extra right here.
Zynerba Nets Optimistic Second-Quarter Outcomes, Fortifies Analysis Objective
Zynerba Prescription drugs, Inc. (Nasdaq: ZYNE) posted optimistic outcomes as the corporate continues to additional its analysis and growth objectives — with indicators of a FDA approval looming within the distance. The hashish biotech firm reported monetary outcomes for the second quarter ending June 30, 2021. Learn extra right here.
Lowell Farms Misses on Income, because it Strikes Into Jap Markets
Lowell Farms Inc. (CSE: LOWL; OTCQX: LOWLF) second-quarter outcomes missed expectations — displaying how producers have been consuming their very own margins by reducing costs, as many have pivoted towards disaster mode amid an absence of regulatory motion and a tightening financial panorama. The corporate launched its monetary outcomes for the second quarter ending June 30, 2022. Learn extra right here.
Parallel’s Buyers Argue Wrigley Doesn’t Have Get Out of Jail Card
Parallel Hashish, also called Surterra Wellness, had hoped to get its investor lawsuit dismissed, however the traders say not so quick. The most recent chapter within the ongoing case has the defendants TradeInvest Asset Administration Firm (BVI) Ltd., First Ocean Enterprises SA, and Techview Investments Ltd. understandably opposing the request to dismiss the case. Learn extra right here.
IN OTHER NEWS
Akerna (Nasdaq: KERN), an enterprise software program firm and developer of expertise infrastructures, ecosystems, and compliance engines powering the worldwide hashish trade, right now reported its unaudited monetary outcomes for the quarter ended June 30, 2022. Learn extra right here.
WM Know-how, Inc.
WM Know-how, Inc. (Nasdaq: MAPS), a market and expertise options supplier to the hashish trade, right now introduced the launch of Weedmaps for Enterprise. Previously WM Enterprise, the corporate’s reconfiguration and renaming of its SaaS choices higher displays the excellent B2B and B2C suite of merchandise that affords hashish retailers and types of all sizes with totally built-in instruments to run their companies. Learn extra right here.
Auxly Hashish Group Inc.
Auxly Hashish Group Inc. (TSX: XLY), a client packaged items firm within the hashish merchandise market, introduced right now that the corporate has closed the sale of its Auxly Annapolis OG Inc. outside cultivation facility positioned in Hortonville, Nova Scotia to a personal purchaser for complete proceeds to the corporate of $4.1 million. As beforehand introduced by the corporate, Auxly closed each its cultivation services positioned in Nova Scotia in February 2022 and offered its Auxly Annapolis indoor cultivation facility in July 2022 for complete proceeds to the corporate of $6 million. The corporate intends to use the proceeds from each gross sales to help Auxly’s ongoing operations. Learn extra right here.
Puration, Inc. (OTC Pink: PURA) right now introduced a brand new growth that creates new alternative for the corporate and will alter the course of the corporate in a brand new route. The brand new growth introduced right now is a provisional hashish cultivation license within the State of New York introduced yesterday by PURA’s sister firm, North American Hashish Holdings, Inc. (OTC Pink: USMJ). Learn extra right here.
Optimi Well being Corp.
Optimi Well being Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a Canadian-based firm licensed by Well being Canada to supply pure, scalable, and accessible psychedelic and practical mushrooms, in addition to artificial formulations, for transformational human experiences, introduced the launch of Blue Serenity, Canada’s first pure therapeutic psilocybin product, in collaboration with psilocybin affected person advocate Thomas Hartle. Learn extra right here.
Toronto’s Heart for Habit and Psychological Well being
Toronto’s Heart for Habit and Psychological Well being (CAMH) simply obtained the first-ever federal grant to check whether or not the energetic part of “magic” mushrooms can be utilized to deal with despair. Researchers will discover whether or not the psychoactive results are needed to alleviate treatment-resistant despair in adults. In line with CAMH’s lead investigator, scientific trials counsel that psilocybin, mixed with psychotherapy, can produce “sustained antidepressant results” in people residing with extreme despair. 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 often not meant to diagnose, cope with, treatment, or forestall any sickness. All information discovered proper right here won’t be meant as another choice to or completely different from information 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.