The Every day Hit: August 24, 2022

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The Every day Hit is a recap of hashish enterprise information for August 24, 2022.

ON THE SITE

TerrAscend Acquires Michigan Chain For $28.5 Million

TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) accomplished its acquisition of Michigan dispensary chain Pinnacle Emporium from KISA Holdings, LLC, for $28.5 million. The acquisition worth will likely be a mix of money and two promissory notes in an mixture quantity of $10 million and inventory. Learn extra right here.

Chalice Drops Fact Bomb

In a reasonably miserable letter to shareholders, Oregon-based Chalice Manufacturers (OTC: CHALF) dropped a fact bomb in regards to the business’s woes. The letter begins out good sufficient. It talks in regards to the progress made within the variety of states which have legalized hashish even when the Federal authorities has chosen to remain on the sidelines and preserve it registered as a schedule 1 drug. Learn extra right here.

4 Hashish Corporations That Pay Dividends

As an alternative of simply spending cash on hashish, let it make you some cash. There are a handful of hashish shares that really pay dividends. So whilst you do spend some cash upfront to purchase the shares, you may then watch the checks roll in each quarter as dividends receives a commission. Learn extra right here.

LSD Compound Promotes Mind Progress, Research Finds

A brand new examine from BetterLife Pharma (CSE: BETR, OTCQB: BETRF) confirmed {that a} compound drawn from LSD promotes mind development. The findings present new proof of the chemical’s therapeutic capability to deal with despair and different mental-health problems. Learn extra right here.

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Why Athletes Are Turning to Psychedelics

The physique of analysis on how psychedelics can have an effect on athletes is increasing – and so is utilization of the substances. Skilled athletes typically are prepared to attempt something for higher opioid-free wellness and sports activities efficiency, and extra of them are prepared to confess it publicly. Learn extra right here.

Hamptons Hashish Expo 2022

Yearly when summer time is nearly to finish, New Yorkers can head out to Lengthy Island for the Hamptons Hashish Expo. This yr as New York inches nearer to full legalization, many have been excited in regards to the upcoming market, however some additionally expressed frustration in regards to the period of time it’s taking. Learn extra right here.

IN OTHER NEWS

MJ Holdings Inc.

MJ Holdings Inc., a hashish holding firm, right now introduced it has been awarded “penny inventory exempt” standing on www.otcmarkets.com in accordance with guidelines established by the U.S. Securities and Change Fee. This implies shares of MJ Holdings Inc widespread inventory are now not topic to limitations related to “penny shares” (shares promoting for lower than $5.) Learn extra right here.

Hydrofarm Holdings Group, Inc., The Agricultural Fuel Firm

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM), a producer and distributor of apparatus and provides for managed setting agriculture, right now introduced that it has entered an unique distribution settlement with The Agricultural Fuel Firm, provider of superior CO2 enrichment answer for industrial cultivators. Learn extra right here.

Pure Harvest Company Group, Inc.

Pure Harvest Company Group, Inc. (OTC: PHCG), a vertically built-in client merchandise holding firm targeted on plant-based nutraceuticals, leisure hashish, hemp-derived well being and wellness merchandise, and different rising industries, right now proclaims a optimistic company occasion has resulted in a major discount in company debt. Learn extra right here.

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The Hempshire Group, Inc.

The Hempshire Group, Inc. (TSXV: HMPG) is a California-based non-tobacco and non-nicotine smokable options firm that formulates and sells its personal proprietary model of cannabidiol hemp smokes. Hempshire just lately commenced buying and selling on the TSX Enterprise Change and right now offered an summary of the corporate and its strategic initiatives to assist development in 2022 and 2023. Learn extra right here.

AdvisorShares

AdvisorShares, a sponsor of actively managed exchange-traded funds (ETFs) and hashish fund supervisor, right now introduced that the AdvisorShares MSOS 2x Every day ETF (Ticker: MSOX) will start buying and selling right now. Learn extra right here.

Rainbow Realty Group

Rainbow Realty Group, LLC and its associates introduced closing a mortgage cross-collateralized by 9 properties in Sacramento, CA. On the properties there are 13 tenants, of which 12 are licensed hashish operators. License-types embrace: 3 working dispensaries, 2 dispensaries in improvement, 2 cultivators, 2 producers, 2 supply companies, and a microbusiness. Learn extra right here.

Needham Financial institution, Bostica, LLC

Needham Financial institution, a monetary establishment in Massachusetts that gives marijuana banking, introduced it has closed a hashish enterprise mortgage to Bostica, LLC, a hashish cultivator and producer of hashish merchandise. Bostica will use the financing to finish the development of their 60,000-square-foot hashish cultivation and manufacturing facility in Lynn, Massachusetts. 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 often not meant to diagnose, cope with, treatment, or forestall any sickness. All knowledge discovered proper right here won’t be meant as another option 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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