Delota (CSE:NIC), a Canadian omni-channel retailer of nicotine vape, alternative tobacco and cannabis products, released financial results for the three and nine months ended October 31, 2024, including its third consecutive quarter of positive adjusted EBITDA.
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Weekly Update – Top Cannabis News Stories
1 | Vireo Growth closed an oversubscribed US$81 million private placement at a 16.8 per cent premium to the closing price on the OTCQX on December 27, 2024. Proceeds will go towards business development, including organic and inorganic growth, as well as working capital and general corporate purposes.
2 | Entourage Health will be taken private by 1001007762 Ontario Inc. (purchaser) and 2437653 Ontario Inc. (guarantor), both related parties of LiUNA Pension Fund of Central and Eastern Canada.
3 | Simply Solventless Concentrates will acquire Delta 9 Cannabis’ Delta 9 Bio-Tech subsidiary for free net of approximately $3 million of expected net working capital to be received, increasing the company’s annual cultivation capacity by 9,000 kg of low-cost, high-quality cannabis flower.
Top Cannabis Stocks Dec. 27, 2024 to Jan. 2, 2025
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