Lifeist Wellness’ chairman wrote a letter to shareholders explaining the reasoning behind the decision to divest the company of CannMart Inc. via a sale to Simply Solventless Concentrates Ltd. He said the regulatory framework under which Canadian public cannabis companies operate has proven to be prohibitively expensive for all public companies in the space in terms of ever being able to turn a profit.
(File photo.)
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Weekly Update – Top Cannabis News Stories
1 | PharmaDrug’s Sairiyo Therapuetics provides plans to advance PD-001 (patented reformulated cepharanthine) for viral infectious diseases
2 | Avicanna secures U.S. patent and trademark on topical technology
3 | Canopy Growth’s Wana Brands launches first-of-its-kind marketplace
Top Cannabis Stocks Aug. 23 to Aug. 29, 2024
1. T.TLRY | 10,355 views | Tilray Brands Inc.
2. T.WEED | 4,454 views | Canopy Growth Corp
3.C.CURA | 4,432 views | Curaleaf Holdings Inc.
4. T.LABS | 1,818 views | Medipharm Labs Corp.
5. C.OILS | 1,645 views | Nextleaf Solutions Ltd.
6. C.PHRX | 899 views | Pharmadrug Inc.
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