Hi,

The Supreme Court has temporarily stopped Purdue Pharma's bankruptcy plan, which would have granted the Sackler family broad protection from opioid lawsuits! What’s a $6B settlement for wrongdoing if it protects your other billions in the bank? Canada's federal government is increasingly owed money to failing cannabis companies, underscoring the financial strain from high industry fees and taxes. Lots of news out of New York as cannabis cultivators can now opt for tax benefits and a ban against flavored cannabis vape is seeing pushback. A lawsuit by four veterans has led a New York judge to temporarily halt the issuance of New York retail cannabis licenses for at least a couple of weeks, criticizing the state's preference for applicants with past drug convictions. Come on New Yorkers, I thought you guys always do things fast. Let's get those licenses out and legal dispensaries up! :)

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Have a stupendous week!
Jessica

08/07/23
Ohio to vote on cannabis legalization in Nov. 2023 after campaigners gather extra signatures to cover a 697-signature shortfall reported last month.
IM Cannabis Corp. (CSE: IMCC) receives Nasdaq warning as shares dip below $1 for 30 days. Compliance needed to avoid delisting.

08/08/23
Tilray (TSX: TLRY) expands alcohol reach, acquires eight beer brands from Anheuser-Busch (NYSE: BUD) in an all-cash deal.
Colorado audit reveals lax oversight of marijuana dispensaries between 2019 and 2022, prompting lawmakers' concerns.
Cronos (TSX: CRON) reports reduced revenue in Q2 due to lower flower sales in Israel, announces asset sale and withdrawal of guidance.
Green Thumb Industries posts Q2 profit increase of 46% from Q1, but down from a year ago.
SMRB LLC owner ordered to pay nearly $700K in restitution and fines for defrauding investors of $4.8M.
BYND Cannasoft Enterprises (CSE: BYND) reports 21% revenue increase to $188K in Q2 2023, net loss up 242%.

08/09/23
ScanSource sues Dutchie for $24.7M over unpaid bills, citing customizations making products nonrefundable.
Hydrofarm Holdings Group (Nasdaq: HYFM) reports net sales decrease to $63.1M in Q2, specializing in hydroponics equipment and supplies.
Halo Collective (NEO: HALO) reports Q2 revenue of $4.6M, a 38.9% decrease from last year.
Pico IV combines CBD benefits with IV therapy through innovative technology. Tailored for the $2.32B IV hydration market.

08/10/23
Montana faces investor lawsuits challenging residency requirements for majority ownership of cannabis businesses.
Leafly (Nasdaq: LFLY) reports $10.7M revenue for Q2, despite an 11% slump compared to last year, slightly beating analyst expectations.
Aurora Cannabis (Nasdaq: ACB) (TSX: ACB) sees soaring revenues in Q1 2024, but still reports a $21.06M loss, a significant improvement from the previous year.
Lowell Farms (CSE: LOWL; OTCQX: LOWLF) reports 47% decline in net revenue for Q2, compared to Q2 2022, with a 7% sequential drop from Q1.
VerifyMe (Nasdaq: VRME) reports Q2 consolidated revenue of $5.3M, a 19% increase YoY, attributed to acquiring PeriShip Global business in April 2022.