American Cannabis News

Projections Fell Short of Expectations

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- December 30th, 2023 at 9:24 am

Global Cannabis Stock Index Rallies in December

Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA...
- December 29th, 2023 at 4:26 pm

MedMen Has Evaporated

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- December 23rd, 2023 at 2:53 pm

2024 Could Make or Break Cannabis Stocks

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- December 17th, 2023 at 8:00 am

Michigan Cannabis Sales Dip Again in November

Michigan cannabis sales for November were down for the fourth consecutive month. At $260.5 million, sales fell 0.9% sequentially with the shorter month. They were up 28.1% from a year earlier:...
- December 12th, 2023 at 4:46 pm

Illinois Cannabis Sales Were Flat in November

Illinois adult-use cannabis sales in November were up slightly sequentially to $139.1 million, an increase of 0.3% from October despite one less day. The gain was 6.6% from a year ago:...
- December 12th, 2023 at 2:53 pm

Insiders Are Buying Cannabis Stocks

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- December 10th, 2023 at 8:00 am

October Cannabis Sales Dip

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states. Cannabis sales decreased 0.7% sequentially in October after decreasing a small amount...
- December 7th, 2023 at 7:40 am

Why This Is The Best MSO to Own Now

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- December 3rd, 2023 at 8:00 am

MSOs Lead Cannabis Stocks Higher in November

As we described in a previous article, the Global Cannabis Stock Index rebounded 8.1% in November after a huge October loss. That index is now down 20.1% year-to-date, which has followed a...
- December 1st, 2023 at 7:24 am

Global Cannabis Stock Index Bounces in November

Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA...
- November 30th, 2023 at 4:25 pm

Investors Aren’t Yet Diving Into Cannabis Stocks

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- November 26th, 2023 at 8:00 am

MariMed Refinances Chicago Atlantic Loan

MariMed Closes $58.7 Million Debt Refinancing 10-Year Term at Reduced Annualized Interest Rate Will Result in $4.7 Million Reduction to Principal and Interest Expense in the First 12 Months...
- November 20th, 2023 at 7:42 am

Cannabis Companies Report Sluggish Q3

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since late August, and there...
- November 19th, 2023 at 10:31 am

Down a Lot But Not Out

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- November 19th, 2023 at 8:01 am

AYR Wellness Q3 Revenue Falls Short of Projections

AYR Wellness Reports Third Quarter 2023 Results Revenue up 5% Y/Y to $114.4 Million, Excluding Discontinued Operations GAAP Loss from Operations Improved 92% Y/Y to ($1.5) Million, Excluding Discontinued...
- November 16th, 2023 at 7:10 am

Cresco Labs Q3 Revenue Declines Less Than Expected

Cresco Labs Reports Third Quarter 2023 Financial Results Continued execution of Year-of-the-Core strategy delivers strong margin and operating cash flow gains, with elimination of over $40 million in annualized...
- November 15th, 2023 at 7:52 am

Cannabist Q3 Was Flat Sequentially

The Cannabist Company Reports Third Quarter 2023 Results NEW YORK–(BUSINESS WIRE)–The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of...
- November 14th, 2023 at 7:25 am

Michigan Cannabis Sales Soften in October

Michigan cannabis sales for October were down for the third consecutive month. At $262.9 million, sales fell 4.3% sequentially despite the longer month. They were up 25.5% from a year earlier,...
- November 13th, 2023 at 12:31 pm

Don’t Buy This Dip

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- November 12th, 2023 at 8:01 am

Curaleaf Misses Revenue Analyst Estimate for Q3

Curaleaf Reports Third Quarter 2023 Results Third quarter 2023 revenue of $333 million excluding $3.5 million from discontinued operations, representing an increase of 2% year-over-year, and adjusted EBITDA¹ of...
- November 9th, 2023 at 4:14 pm

Trulieve Q3 Revenue Slips Less than Expected

Generated cash flow from operations of $93 million and free cash flow of $87 million Reduced debt with purchase of $57 million of 2026 notes and announced redemption of...
- November 9th, 2023 at 6:18 am

A Strong Quarter for GTI

Green Thumb Industries Reports Third Quarter 2023 Results CHICAGO and VANCOUVER, British Columbia, Nov. 08, 2023 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE:...
- November 8th, 2023 at 4:17 pm

Verano Q3 Revenue Grows 3% Sequentially to $240 Million

Verano Announces Third Quarter 2023 Financial Results Delivers Record Revenue of $240 Million, Increasing Net Cash Provided by Operating Activities, and Raises and Tightens 2023 Free Cash Flow1 Guidance...
- November 8th, 2023 at 6:13 am

Ascend Wellness Q3 Revenue Lifts 15% Sequentially

AWH ANNOUNCES Q3 2023 FINANCIAL RESULTS Reported Record Quarterly Revenue for 6th Consecutive Quarter Achieved $141.3M Net Revenue in Q3 2023, a 27.0% Increase Year-Over-Year and 14.9% Increase Quarter-Over-Quarter...
- November 7th, 2023 at 7:27 am