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Stock impact report

Weekly Roundup on the Cannabis Sector & Psychedelic Sector [Yahoo! Finance]

SNDL Inc. - Common Shares (SNDL) 
Company Research Source: Yahoo! Finance
High Tide appointed a new CFO, as the company eyes long-term growth. SNDL intends to move forward with Parallel and Skymint acquisitions, despites the deals facing litigation. Schwazze settled wage theft claims amidst another legal challenges. Key Takeaways; Psychedelic Sector Awakn is facing hurdles amid financial filing delay. Compass Pathways set to reveal first quarter 2024 financial results on May 8, 2024. Cannabis stocks surged Tuesday afternoon on the news that the U.S. Drug Enforcement Administration (DEA) intends to reclassify marijuana to Schedule 3 of the Controlled Substances Act. While it's not a done deal yet, this potential move represents a monumental shift, offering hope for easing the 280E tax burdens. Below is a weekly roundup of what happened this week in the cannabis and psychedelic sectors. In this ever-evolving landscape, we explore the major developments and groundbreaking initiatives happening among companies operating in these industries; from Show less Read more
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