The Daily Hit is a recap of cannabis business news for Sept. 14, 2022.
ON THE SITE
Tempered Optimism On Cannabis Industry Future At Benzinga Chicago Conference
A diverse swath of cannabis industry insiders at the Benzinga Capital Conference this week in Chicago expressed high-flying optimism heading into 2023, but they also hedged by acknowledging the immense business hurdles that marijuana entrepreneurs still face. Read more about sentiment on the cannabis industry here.
High Tide Revenue Keeps Rising With Resilience In M&A, Members Program
Pointed consolidation efforts and increased participation in its member loyalty program drove High Tide‘s (Nasdaq: HITI) (TSXV: HITI) third-quarter revenue to nearly double what was reported last year. “These impressive numbers come despite hypercompetitive cannabis retail markets across Canada and a global softening of e-commerce sales as pandemic-related restrictions are continuing to be lifted,” CEO Raj Grover said in a news release. Read more about High Tide’s rising numbers here.
Green Market Report’s Cannabis Tech Awards Profile: Puffco, Coolest Consumption Tech
Puffco’s mission has always been to make “the magic of concentrates accessible to everyone.” The company’s advanced push-button technology hardware and accessories for vaping and dabbing helped make the category significantly more friendly to a wider group of cannabis consumers. This is why Green Market Report honored Cannabis Media at the first ever Green Market Report Tech Awards in San Francisco. Read more about Puffco’s cool consumption tech here.
IN OTHER NEWS
Curio Wellness Announces Four New VP Positions
Curio Wellness, a cGMP-certified, vertically integrated medical cannabis company, created four new created vice president positions representing additional expertise in the areas of expansion & integration, supply chain, marketing and brand development. The appointments will help support Curio’s three-year strategic plan. Read more here.