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Agrify’s CEO Optimistic Despite YoY Decline In Q2 Revenue, Gross Profit: A Path To Profitability?

By Jelena Martinovic
December 12, 11:34 AM
Agrify Corporation (NASDAQ: AGFY) announced on Tuesday second quarter financial results for the three months ended June 30, 2023, revealing a 73% year-over-year decrease in revenue to $5.1 million.Raymond Chang, chairman and CEO Officer at Agrify, provided more insight into what the company's focus was during the previous period."As described in our prior earnings release, the four key priorities for the Company are (1) restructuring our balance sheet, (2) reducing our costs and headcount, (3) improving our product offerings, and (4) getting our key products CE-certified for international markets," Chang said.

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3 minute read

Curaleaf’s Strategic Move To Attract Deeper-Pocketed Investors, Internal Reorganization Sets Stage For TSX Listing

By Jelena Martinovic
December 11, 4:18 PM
Curaleaf Holdings, Inc. announced an internal reorganization of its U.S. operations, related to receiving a conditional approval of the Toronto Stock Exchange to list the company's subordinate voting shares on the TSX. The company's wholly-owned subsidiary entered into a subscription agreement with a third-party investor that is not affiliated with the company, Curaleaf USA, or the control person of the company, under which Curaleaf USA issued to the investor one share of Class A voting and non-participating common stock, for an aggregate subscription amount of $1 million. Curaleaf's uplisting to TSX means gaining access to deeper-pocketed investors, a possibility previously hindered due to U.S. federal illegality, which makes the Nasdaq and NYSE nonviable options. Moreover, Curaleaf will join multi-state operator TerrAscend Corp., which is doing business in Canada and the US - and has already secured a listing on TSX this summer.

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3 minute read

Nevada’s Marijuana Regulator Gets A Dynamic New Leader And Other Leadership Changes In Cannabis

By Jelena Martinovic
December 11, 1:16 PM
Nevada Gov. Joe Lombardo revealed last week that James Humm agreed to lead the state's agency that regulates the burgeoning cannabis market. Tyler Klimas, who currently holds the position of executive director of the Cannabis Compliance Board, told Gov. Lombardo in September he'll be stepping down, reported to Nevada Current. The Independent Retail Cannabis Collective (IRCC) has tapped Mandesh Dosanjh to serve as its new executive board chair. Acreage Holdings, Inc. announced on Friday that Philip Himmelstein, vice president of financial planning and analysis at Acreage, will be assuming the role of interim chief financial officer. Entourage Health Corp.'s Vincent Doré opted to resign as the company's chief legal officer and corporate secretary.

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3 minute read

Cheech & Chong, Rick Ross, Hemp Products Hit Shelves In India And Thailand Via Hempacco-CBDAY Partnership

By Jelena Martinovic
December 7, 11:25 AM
Hempacco Co, Inc. (NASDAQ: HPCO), a hemp smokables company announced on Wednesday it has entered into an exclusive master distribution agreement with CBDAY Global Private Limited, a company that imports, exports, distributes and sells hemp-based products in India and Asia.

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