Markets will be closed on Monday in observance of the Labor Day holiday.
The UK-based mental health company known for its psychedelic treatments, Compass Pathways has filed to go public this week. The company said it plans to list its American depositary shares on the Nasdaq under the ticker “CMPS”. The company reported total net losses of $24.8 million for the six months ending in June. The company has raised $116 million so far. Its largest shareholder is Atai Life Sciences, which owns 29% of the stock.
CLS Holdings USA, Inc. (OTCQB:CLSH)(CSE:CLSH) reported that its fiscal year-end 2020 total revenues were $11,917,629 but the company also reported a net loss $30 million versus last year’s net loss of $27 million.
4Front Ventures Corp. (OTCQX:FFNTF) reported revenue of $12.7 million in the second quarter versus $2.5 million for the same time period as last year. The company said that it achieved positive operating cash flow in the month of August and expects a positive adjusted EBITDA starting in the third-quarter of 2020.
Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) reported retail revenue for the quarter ending June 30, 2020, was $3,987,777. The company also disclosed that it has incurred losses and has had negative cash flows from operations from inception. The company also said it would not be able to make its mortgage payments and didn’t make an interest payment on a convertible debenture.
AdvisorShares has launched the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS), which will begin trading this Wednesday (September 2nd). MSOS becomes the first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including multi-state operators (MSOs)