Weekly Roundup on the Cannabis Sector & Psychedelic Sector Week of May 26th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2024
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Source: Yahoo Finance
- Agrify: Agrify converted $13.8m debt to equity to regain Nasdaq compliance, ensuring continued listing.
- Glass House Brands: Seeking Canadian funding through shelf prospectus to raise up to C$782 million in new equity shares.
- TILT Holdings: Reported stable cannabis sales despite vape supply disruptions and concerns about debt and stock dilution.
- Awakn: Successfully completed a feasibility study with Catalent Pharma on MDMA stability for therapeutic applications.
- Lucy Scientific: Facing challenges including financial instability, NASDAQ compliance pressure, and uncertainties in revenue streams.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
