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CORPORATE FALLOUT CONTINUES

Phoenix-based MSO Harvest Health and Recreation and Verano Holdings have mutually terminated their plans for a merger, originally valued at $850M.
MJBiz

The current crisis made it impossible for the necessary (unspecified) agencies to clear the deal Verano CEO George Archos said. The companies also cited adverse market conditions.

Meanwhile, web portal Leafly laid off 91 employees representing 39% of its staff. Leafly previously cut 54 roles in January.
Business Insider

Quick Hit

  1. Investing site Equity Guru called edibles-maker Plus Products “the least bullshitty cannabis company on the planet.”