The Daily Hit: December 18, 2024

Wed, Dec 18

Key Points

Weedmaps co-founders have made a bid to take the company private, offering a 39% premium.
This move comes amidst industry headwinds and regulatory challenges in the cannabis market.
The co-founders have proposed the buyout as a way to navigate the current challenges and position the company for future success.
Investors are closely watching this development and its potential impact on the cannabis industry.

The Daily Hit is a recap of the top financial news stories for Wednesday, December 18, 2024.

On the Site

Weedmaps co-founders bid to take company private

The co-founders offered a 39% premium for the company amid industry headwinds and regulatory challenges.