Cannabis News for the Last 24 Hours

The TDR Three Key Takeaways regarding Cannabis News for the Last 24 Hours:

  1. Green Thumb Industries addresses market speculation but remains tight-lipped on merger talks.
  2. Alberta’s decision on private label cannabis receives praise from High Tide.
  3. Canopy Growth exercises option to acquire Acreage

Green Thumb Industries Responds to Market Rumors and Potential Merger News

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) issued a statement addressing recent market rumors, in the press release the company stated “The Company’s policy is not to comment on market rumors.” WSJ released an article on 4th of june about a major cannabis producer exploring a potential merger with Boston Beer Company (NYSE: SAM), aiming to capitalize on the growing crossover between the beverage and cannabis markets.  

Avant Brands Closes Non-Brokered Private Placement

Avant Brands (TSX: AVNT, OTCQX: AVTBF) announced the successful closing of a non-brokered private placement, securing additional funds to support its ongoing expansion and product development efforts.

College Enrollment Increases in Legalized States
A study highlighted by Marijuana Moment reveals that college enrollment rates have risen in states that have legalized marijuana, without negatively impacting graduation rates.

GOP Committee Advances Cannabis Protections
A GOP congressional committee has removed the ban on Cannabis sales in Washington D.C. and added cannabis banking protections in a key spending bill, according to Marijuana Moment.

Breckenridge Brewery Announces KBCO Concert Series
Breckenridge Brewery a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY, TSX: TLRY) is set to launch the KBCO Concert Series featuring Gary Clark Jr., blending music and craft beer in a unique event series.

High Tide Applauds Alberta’s Private Label Cannabis Decision
High Tide (NASDAQ: HITI, TSXV: HITI) has welcomed Alberta’s decision to permit private label cannabis sales, viewing it as a progressive step towards a more diverse and competitive market.

AFC Gamma Exits $84 Million Loan
AFC Gamma (NASDAQ: AFCG) has successfully exited an $84 million loan to a subsidiary of a public company, demonstrating its strong financial position and strategic lending capabilities.

Canopy Growth Exercises Acreage Options
Canopy Growth Corporation (NASDAQ: CGC, TSX: WEED) announced the exercise of its acreage options, paving the way for the acquisition of Canopy USA, further solidifying its presence in the American market.

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