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Stock impact report

This Week’s Top Cannabis News: CEO Departures At MedMen And Sundial, Stocks In Red, Good Policy News [Forbes]

Sundial Growers Inc. (SNDL)  More Company Research Source: Forbes
PDF This week came with a mixed bag of cannabis, hemp, CBD and psychedelics-related news. In the corporate world, we saw Sundial Growers and MedMen lose their CEOs – with the former also saying goodbye to its COO. To the surprise of few investors, the departure of MedMen’s CEO Adam Bierman (found here discussing South Park’s brutal parody The company had been struggling for a while and had recently announced a significant restructuring of its operations and 40 percent reduction in its workforce, as it transitions into a new era focused on profitability. MedMen named Ryan Lissack, who already served as COO and CTO, as its interim CEO. In other big news, we saw The Southern University and A&M College, the largest historically black university in Louisiana, which had been serving African-American students since before the Civil Rights Act of 1964 was passed in the U.S., launch its own hemp-derived CBD product line, ALAFIA, in partnership with Ilera Holistic . Check out the full story Meanwhi [Read more]
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