Welcome to Benzinga's weekly psychedelics news roundup. We have pulled together several must-read news items from the last week of December 2023 and the first of January 2024.
BZAM Ltd. has completed its previously announced acquisition of all of the issued and outstanding shares of Final Bell Canada Inc. from Final Bell Holdings International Ltd. Under the deal, FBHI, the sole shareholder of FBC, has obtained 90 million BZAM's common shares at $0.15 per share, The combined company will be the Canadian home of some of the most recognizable international brands in the cannabis industry – including Berner's Cookies, Sherbinskis and Wyld.
The first week of 2024 saw significant stock price appreciation for most of the 30 stocks Viridian Capital Advisors credit ranks weekly. As a proxy, the MSOS ETV rose 12.84%, the sharpest uptick since the HHS announcement at the end of August. There was no particular news to account for the uptick except for confirmation from the DEA that they are indeed studying the issue of rescheduling.
Brandon Fellows, who represented himself in trial wherein he was convicted of one felony count of obstruction and four misdemeanors for his role in the Jan. 6 Capitol riots, famously said in his opening statement that he didn’t see anything wrong with his actions. He called Jan.
As Dry January encourages nationwide alcohol abstinence, the cannabis industry responds with new and alternative products, aligning with the shifting preferences of consumers exploring beyond traditional alcohol options since the challenge's inception in 20
Florida State Rep. Ralph Massullo (R) preemptively filed a bill on Friday that, if adopted, would impose limitations on the potency of marijuana ahead of the legalization initiative expected to appear on the ballot in November 2024.