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Pelorus Fund REIT Seeks To Force StateHouse Holdings Into Receivership
Friday, September 27, 2024 - 11:48am | 389In a significant move within California's cannabis industry, Pelorus Fund REIT, LLC has filed a complaint in the Superior Court of California, requesting the appointment of a receiver to oversee StateHouse Holdings Inc. The move comes after StateHouse (OTC:STHZF) defaulted on four loans, prompting...
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Golden Nuggets: Vision, Market And Sales Figures Of California's Major Weed Stocks In A Regulatory Storm
Tuesday, February 6, 2024 - 12:26am | 733Six years after legalization, California's vast cannabis market faces mixed results. While generating over $5.7 billion in taxes, it falls short of financial expectations due to oversupply, illicit trade and local bans. Proposition 64's implementation has created uneven access, and...
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Retail Outlook For 2023: Exploring California's Cannabis Landscape With Z&A's Analyst Report
Thursday, October 5, 2023 - 12:08pm | 1151As New York state prepares to issue over 1,500 new licenses across the cannabis supply chain, including 800 dispensary licenses, Z&A's latest report delves into the retail landscape in California, a market with more than 1,000 licensed retail stores. What's driving success in this...
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Is Cannabis Rescheduling A Solution? Experts Delve Into California Cannabis Retail Challenges At Benzinga Conference
Tuesday, October 3, 2023 - 6:55pm | 933“I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel discussion on the challenges and evolving landscape of the cannabis...
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California Cannabis Firm Expands Market Presence Through Strategic Sales Agency Agreement
Monday, October 2, 2023 - 2:54pm | 377California cannabis company, StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF), has forged a strategic sales agency agreement with Stinson Brands, Inc., a prominent player in the premium food and beverage brand development sector, particularly renowned for its fine herbal tea blends. As part...
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Cannabis Tax Changes Could Trigger 504% Cash Flow Leap, Which Industry Players Will Benefit?
Thursday, August 31, 2023 - 4:34pm | 629The Department of Health and Human Services' recommendation to reclassify marijuana as a Schedule III drug under the Controlled Substances Act set off ripples across the cannabis market. One day following Wednesday's news, MSOS ETF (ARCA: MSOS) surged by 21%. Notable companies also...
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Harborside Changes Name To StateHouse
Friday, July 15, 2022 - 10:56am | 543Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) will complete the previously announced name change to StateHouse Holdings Inc. on July 25, 2022. "This is an important milestone for the Company, which was formed through the business combination of four pioneering California companies," stated Ed...
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Harborside Achieves $10.3M In Cost Savings Via Acquisitions Synergies, Fires Many Executives
Tuesday, May 31, 2022 - 10:00am | 826Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) provided details of the integration of its operations with those of the three companies acquired by the company since the third quarter of last year. On July 2, 2021, the company acquired Sublimation Inc., which was followed by the acquisition of UL...