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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
Ascend Wellness overhauled leadership amid financial struggles. Avicanna reduced debt with $2M private placement funds. InterCure reported a break-even first half of 2024 despite Israel-Hamas war disruptions. Key Takeaways; Psychedelic Sector Awakn announced a breakthrough in aminoindane pre-clinical program. Red Light Holland reported a strong quarterly performance amidst planned expansion. Cannabis investors have proven to be a resilient group. Despite facing repeated setbacks and ongoing declines in stock valuations, they remain committed to the sector. The latest hit came this week with news of a delay in the federal rescheduling process, triggering another sharp drop in cannabis stocks. A new report from Congress' official policy-research arm suggested that rescheduling marijuana alone is “unlikely by itself” to resolve the cannabis industry's banking challenges. The August 26 analysis from the Congressional Research Service also echoed earlier concerns , warning tha Show less Read more
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