Dan Leimel Jr., CEO of Pelorus, stated the receivership aims to safeguard StateHouse's operations in California's cannabis market.

As cannabis industry matures, investors focus on cash flow and growth potential.

Cannabis-focused fintech connector Green Check announced on Tuesday a new feature that enables access to banking services for licensed cannabis-related businesses (CRBs) operating within Indigenous communities.

Viridian Capital Advisors provides cannabis investors with a more comprehensive EV calculation compared to traditional methods.

Tilray Brands agreed to acquire from DDH a promissory note for $23.8 million payable by 1974568 Ontario Limited.

Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), the owner of RISE Dispensaries, announced on Monday a $50 million share repurchase program.The company's board of directors gave the green light to the repurchase program which authorizes, under a normal course issuer bid, the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the next 12 months.The repurchase program will commence on Sept. 23, 2024, and expire on Sept. 22, 2025. Green Thumb's previous repurchase program expired on Sept. 10, 2024, under which the company repurchased 6.5 million shares for $73.3 million.

"This transaction not only ensures that CannMart is in capable hands but also allows Lifeist to sharpen its focus on our core mission of transforming human wellness," Lifeist CEO Meni Morim said.