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Lucy Scientific Discovery Inc. - $LSDI STOCK NEWS

Welcome to our dedicated page for Lucy Scientific Discovery news (Ticker: $LSDI), a resource for investors and traders seeking the latest updates and insights on Lucy Scientific Discovery stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lucy Scientific Discovery's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lucy Scientific Discovery's position in the market.

Rhea-AI Summary
Lucy Scientific Discovery Inc. (NASDAQ: LSDI) announces a one-for-ten reverse stock split to regain Nasdaq compliance. The split will be effective on February 26, 2024, with shares trading under the symbol 'LSDI'.
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Lucy Scientific Discovery (NASDAQ: LSDI) announces acquisition of High Times intellectual property, providing opportunities for monetization and growth.
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-7.07%
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Lucy Scientific Discovery leverages user bases for rapid shareholder value growth.
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Lucy Scientific Discovery Inc. acquires BlueSky Wellness Inc., expanding its psychotropic product catalog and entering the global wellness market. BlueSky generated over $20 million in revenue in each of the last two years. The acquisition is expected to diversify Lucy's revenue and deliver significant value to shareholders. BlueSky shareholders will receive 3.5 million shares of Lucy Scientific's stock. The acquisition is projected to add a minimum of $30 million of revenue and $10 million of EBITDA for the first twelve months after closing.
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-9.31%
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Lucy Scientific Discovery Inc. announces agreement to acquire BlueSky Wellness Inc. and its portfolio of brands. BlueSky's e-commerce brands have generated over $20 million in revenue in each of the last two years. The acquisition is expected to add a minimum of $30 million of revenue and $10 million of EBITDA for the first twelve months after closing. BlueSky's shareholders will receive 3.5 million shares of Lucy Scientific's stock and earn out payments based on annual EBITDA for the next five years.
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Lucy Scientific Discovery Inc. featured in editorial on growing global cannabis market projected to reach $51 billion in 2023
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22.03%
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Lucy Scientific Discovery Inc. acquires intellectual property of High Times, Cannabis Cup, and 420.com brands, providing high-margin licensing and royalty income. Lucy will issue 19.9% of its outstanding stock to High Times and make semi-annual payments based on EBITDA. Lucy will also license the right to operate retail stores and sell THC products in the US to High Times. The transaction is expected to add at least $10M of revenue and $5M of EBITDA to Lucy's 2024 results.
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Lucy Scientific Discovery Inc.

Nasdaq:LSDI

LSDI Rankings

LSDI Stock Data

1.34M
1.23M
30.39%
7.24%
1.86%
Medicinal and Botanical Manufacturing
Manufacturing
Link
United States of America
VICTORIA