The Daily Hit is a recap of the top financial news stories for Jan. 9, 2024.
On the Site
Alcohol Fuels Tilray Brands’ Q2 as Cannabis Margins Drop
Ontario-based Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) released its financial results for the second quarter of fiscal year 2024, ending Nov. 30, 2023, showing sizable rises in overall net revenues, and cannabis net revenue rising by 35% to $67 million. Read more here.
Canopy Growth Raises $30M in Private Placement Offering
Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) entered into a private placement offering to raise $30 million, the company announced Tuesday. The company stated that the proceeds are intended to increase its liquidity and be used for debt reduction, working capital, and other general corporate purposes. Read more here.
Judge Nixes Montana’s Cumulative Cannabis Dispensary Fees
A Montana judge struck down a state law imposing higher fees on cannabis dispensaries,…
