The Daily Hit: September 6, 2022

The Daily Hit is a recap of cannabis business news for Sept. 6, 2022.

ON THE SITE

SEC Files Lawsuit Against Cannabis Execs, Alleges Theft Of Investor Money

The suit, filed in U.S. District Court in the Northern District of Ohio against Kris Swaffer and Sean Williams, with Swaffer’s wife, Rosalyn, listed as a relief defendant, alleges that two of the three individuals “knowingly or recklessly committed securities fraud” by raising money from investors but used most of it for their own ends. Read more here.

Juul Labs Agrees To Pay More Than $430 Million To Settle Vaping Probe

The charges stemmed from claims that the company misrepresented the health risks associated with its vapes and promoted them to children who are not of legal age to purchase tobacco products. Read more here.

 Harvest One Approved To Change Name To Delivra

Vancouver, British Columbia-based Harvest One Cannabis (TSXV: HVT) (OTC: HRVOF) plans to begin operations under a new name on Thursday, now that it has received regulatory approval from the Toronto Stock Exchange. Read more here.

IN OTHER NEWS

The Green Organic Dutchman Closes Sale of HemPoland subsidiary

Under the terms of a share purchase agreement, TGOD sold its full interest in HemPoland to RAMM Pharma Corp. for $1.2 million on closing after customary closing adjustments, in addition to a $150,000 nonrefundable deposit provided in July that was used for operating expenses in HemPoland. Read more here.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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