Day: January 20, 2021

On:

Embattled Canadian cannabis producer CannTrust Holdings on Wednesday announced a restructuring support agreement that will pave the way for the company to settle shareholder lawsuits as it restructures. Under the agreement, shareholders’ litigation against CannTrust in both Canada and the United States “will be settled as part of a broaderContinue Reading

On:

A marijuana industry official cautioned New York officials that recreational marijuana taxes need to be low enough to curtail illicit sales. New York Gov. Andrew Cuomo unveiled more details this week about his recreational marijuana legalization plan, which is designed to help offset a coronavirus-fueled, multibillion-dollar budget deficit. “We definitelyContinue Reading

On:

Cannabis derivative manufacturer Valens Co. said it is liquidating most of its oil inventory, citing industry trends such as outdoor marijuana harvests and falling prices. Marijuana Business Daily has reported extensively on Canada’s glut of dried cannabis, edibles and extracts. The Toronto-headquartered company cited: An anticipated increase in outdoor cannabisContinue Reading