It’s time for your Daily Hit of cannabis financial news for June 6, 2022.
On the Site
Maryland cannabis dispensary company Blair Wellness Center is firing back at a disgruntled worker’s allegations according to a report on Law360. The court document filed on 6/2/2022 in the United States District Court in the District of Maryland is counter-suing former employee Kamille Jones. Read more here.
New York City Mayor Eric Adams appeared at the CWCB Expo in New York City this past weekend. The Mayor spoke briefly at the event and then walked quickly through some of the trade show floor. He stopped at the Women Grow pavilion before answering some questions from a few reporters. Green Market Report was chosen as one of the few to speak to the Mayor. Thank you for watching the Green Market Report! Be sure to subscribe to stay up to date on all our videos. Go to the website to subscribe to our free newsletters. Watch the video here.
In Other News
Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF) is expanding its retail presence with the opening of its 33rd dispensary nationally and the fourth dispensary in the Silver State: NuLeaf Las Vegas The Strip. Following the opening of NuLeaf Las Vegas The Strip, Jushi’s operations in Nevada will consist of three adult-use and medical dispensaries in Las Vegas, an adult-use and medical dispensary in Lake Tahoe, and approximately 47,000 sq. ft. of cultivation and manufacturing space. Read more here.
Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) announced the receipt of a $5 million loan from RB Loan Portfolio II, LLC. “This capital infusion will enable us to complete the first phase of capital expenditures and provide working capital to the business. We are grateful for the runway this will provide as we work towards our goal of achieving positive cash flow,” said Kellen O’Keefe, President & CEO of Flower One. Read more here.