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by Stockwatch Business Reporter
The S&P/TSX Cannabis Index lost 1.37 to 42.97, while the CSE Composite Index added 3.11 to 287.62. Dr. Kyle Kingsley's Goodness Growth Holdings Inc. (GDNS) added four cents to $1.45 on 83,600 shares, after releasing its second quarter financials. Cheerful boasts of "strong sales growth catalysts" met with a cool reaction from investors, who are waiting with rising impatience for more news on the company's proposed takeover.
Goodness Growth's chairman and chief executive officer, Dr. Kingsley, kept the focus on "continued growth in our Minnesota, New Mexico and Maryland markets." The first two had particularly noteworthy developments in or just prior to the second quarter. On April 1, New Mexicans were finally able to buy recreational cannabis, as the state officially made the switch from a medical-only market. In medical Minnesota (Goodness Growth's home state), sales of smokable flower became legal in March, making the June quarter the first full quarter with contributions from this ever-popular product.
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