Canadian Cannabis Sales Move Higher in March

Statistics Canada released March retail sales for the country, with cannabis sales rising from the February levels, up 11.3% to C$405.5 million. February was revised slightly lower to C$364.3...
- May 19th, 2023 at 8:51 am

Curaleaf Q1 Revenue Falls 2% Sequentially

Curaleaf Reports First Quarter 2023 Results First quarter 2023 revenue of $336.5 million, representing an increase of 14% year-over-year, and adjusted EBITDA(1) of $73.2 million Operating cash flow from continuing operations of $30.6 million and cash on balance...
- May 17th, 2023 at 5:01 pm

Ayr Wellness Q1 Revenue Increases 4% Sequentially

AYR Wellness Reports First Quarter 2023 Results Excluding Discontinued Operations, Revenue up 18% Y/Y to $117.7 Million, up 3% sequentially Excluding Discontinued Operations, Adjusted EBITDA1 up 64% Y/Y to $26.3...
- May 16th, 2023 at 7:33 am

TILT Holdings Q1 Revenue Falls 5% From Q4

TILT Holdings Reports First Quarter 2023 Results PHOENIX, May 15, 2023 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (NEO: TILT) (OTCQX: TLLTF), a global provider of...
- May 15th, 2023 at 7:05 pm

Planet 13 Q1 Was Flat to Q4

Planet 13 Announces Q1 2023 Financial Results Q1 2023 Revenue of $24.9 million, compared to $24.8 million in Q4 2022 Q1 2023 Net loss of $6.3 million Q1 2023...
- May 15th, 2023 at 5:13 pm

Greenlane Q1 Revenue Lifts 9% Sequentially

Greenlane Reports Q1 2023 Revenue Increase of 9% and a 32% Decrease in Operating Expenses Over Q4 2022 BOCA RATON, FL / ACCESSWIRE / May 15, 2023 / Greenlane...
- May 15th, 2023 at 4:52 pm

Glass House Q1 Revenue Pulls Back 10% From Q4

Glass House Brands Reports First Quarter 2023 Financial Results Achieved Positive Free Cash Flow1 Narrowed Adjusted EBITDA2 loss to $0.1 million versus $2.6 million loss in Q4 Revenue of $29.0M, up 108% from Q1 2022...
- May 15th, 2023 at 4:43 pm

Fire and Flower Q1 Revenue Lifts 41% Over Short Q4

  Fire & Flower Announces First Quarter Fiscal 2023 Financial and Operational Results Fourth consecutive quarter of year-over-year same store sales and retail gross profit growth on the continued...
- May 15th, 2023 at 7:37 am

Columbia Care Q1 Revenue Drops 1% Sequentially

Columbia Care Reports First Quarter 2023 Results Quarterly Revenue of $125 Million, an Increase of 1% YoY Quarterly Gross Profit of Over $47 Million, an Increase of 13% QoQ...
- May 15th, 2023 at 7:34 am

3 Bear Market Bargains

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...
- May 14th, 2023 at 6:19 pm

Jushi Holdings Q1 Revenue Drops 9% Sequentially

Jushi Holdings Inc. Reports First Quarter 2023 Financial Results Total Revenue of $69.9 Million, an increase of 12.9% YoY Net Loss of $12.4 Million, an improvement of 37.0% YoY...
- May 12th, 2023 at 7:40 am

Michigan Cannabis Sales Slip in April

Michigan cannabis sales climbed 15.4% in  March from the shorter February, but they fell 1.5% in April to $246.1 million.  On a per-day basis, sales increased 1.8% after gaining 4.2%...
- May 11th, 2023 at 11:58 am

Nova Cannabis Q1 Revenue Falls 2% Sequentially

Nova Announces First Quarter 2023 Results First quarter revenue growth of 20.8%; gross margin improvement to 21.4%; and Adjusted EBITDA growth of 127% to $3.2 million EDMONTON, AB, May...
- May 11th, 2023 at 6:47 am

Schwazze Q1 Revenue Was Flat From Q4 at $40 Million

Schwazze Announces First Quarter 2023 Financial Results Revenue Increases 26% to $40.0M Compared to $31.8M in Q1 2022 Income From Operations Grew to $5.6M Compared to ($4.8M) in Q1 2022 Adjusted EBITDA (1) of $14.5M, or 36% of...
- May 10th, 2023 at 5:02 pm

Illinois Cannabis Sales Retreat in April

After a big bounce in March from the shorter month of February that left sales up 2.9% from a year ago, Illinois adult-use sales rose just 0.2% in the...
- May 10th, 2023 at 4:53 pm

Hydrofarm Q1 Sales Rise 1% Sequentially

Hydrofarm Holdings Group Announces First Quarter 2023 Results SHOEMAKERSVILLE, Pa., May 10, 2023 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent...
- May 10th, 2023 at 4:29 pm

Village Farms Q1 Cannabis Sales Fall 10% Sequentially

Village Farms International Reports Financial Results for First Quarter 2023 Canadian Cannabis Business Maintains Number Two Market Share Position Nationally, Including Number Two Position in Quebec Canadian Cannabis Retail...
- May 10th, 2023 at 7:45 am

Verano Holdings Q1 Sales Grow 1% Sequentially

Verano Announces First Quarter 2023 Financial Results Company Capitalizes on Strength of Recently-Converted Adult Use Markets to Deliver Revenue of $227 Million, a 12% Year-Over-Year Increase CHICAGO, May 10, 2023...
- May 10th, 2023 at 7:30 am