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    Home»Cannabis»Weekly Cannabis Report for the Online Market – August 30, 2024
    Cannabis

    Weekly Cannabis Report for the Online Market – August 30, 2024

    Alexander LeeBy Alexander LeeSeptember 1, 2024No Comments1 Min Read
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    The chairman of Lifeist Wellness recently communicated with shareholders regarding the decision to divest from CannMart Inc. through a sale to Simply Solventless Concentrates Ltd. This move was attributed to the financial challenges posed by the regulatory environment for Canadian public cannabis companies, making it difficult for companies in this sector to achieve profitability.

    For more information on this development, please refer to the official announcement.

    Weekly updates in the cannabis industry include PharmaDrug’s Sairiyo Therapuetics strategic plans, Avicanna’s U.S. patent and trademark approval, and Canopy Growth’s launch of Wana Brands marketplace.

    Additionally, the top-performing cannabis stocks from August 23 to August 29, 2024, were Tilray Brands Inc., Canopy Growth Corp, Curaleaf Holdings Inc., Medipharm Labs Corp., and Nextleaf Solutions Ltd.

    Please note that the information provided in this article is for informational purposes only and should not be considered as investment advice. For a complete disclosure, visit the disclaimer section on the website.

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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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