Stocks are having their worst January since 2008, and this is putting a strain on the cannabis industry.
Cannabis equities are generally considered speculative, and speculative assets have taken the worst of the losses in the last four weeks.
The offering of 2,717,392 subordinate voting shares, were sold at a price of $3.68 per share to Graticule Asset Management Asia for gross proceeds of $10 million.
This announcement came just a few weeks after, Jim Cacioppo, Chief Executive Officer, Chairman, and Founder of Jushi, announced that he had purchased 66,800 Class B Subordinate Voting Shares of the company on the open market for $220,000.
Jushi is a vertically integrated cannabis firm run by a management team with extensive experience in the industry.
However, the company anticipates completing the work related to this matter and filing its full set of audited consolidated financial statements and management’s discussion and analysis on or before January 31, 2022.
To date, the Company’s debut of an innovative discount membership model in its retail outlets near the end of the fourth fiscal quarter of 2021 has yielded encouraging results, with same-store sales increasing during the first fiscal quarter of 2022.
Despite the fact that High Tide’s brick-and-mortar retail businesses continue to confront major obstacles as a result of the ongoing COVID-19 outbreak, the company is optimistic in its ability to maintain a favorable growth trajectory.
Trulieve Cannabis Corp.
The revenues will be used for capital expenditures and other company reasons, according to Trulieve, which is based in Florida.
In addition, Trulieve provides ideal customer experiences and expands access to cannabis by providing innovative, high-quality products across its brand portfolio, allowing patients and customers to live without limitations.
Awakn Life Sciences Corp.
In October, Awakn and their research partner Evotec stated that the NCE initiative would be expanded towards lead optimization.
It’s possible QuantumScape could run away with the electric car market if testing continues to confirm already existing data that shows its revolutionary lithium-ion batteries enable the Holy Grail of ultra-fast charging while eliminating the risk of fires.
With stocks off to one of their worst starts to the year since the 2008-2009 financial crisis, it’s no longer crazy to talk about a sustained period of market volatility or a prolonged “risk off” environment on Wall Street.
ET, it looks like Wall Street has decided that Monday will be a risk-on day for the stock market.
It’s no great surprise, then, that some of the riskiest stocks around — space stocks — are flying higher.
The Russell last hit a record high back in November of last year, and it’s gone mostly downhill from there — falling 20%.
jumped alongside other growth-oriented stocks in Monday trading after an Evercore ISI strategist suggested some of the battered meme stocks could rebound in coming weeks.