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

Trulieve Q1 Results Were Behind Analyst Estimates

Trulieve Reports First Quarter 2023 Results Marking Progress on Cash Objectives Record 4/20 results with traffic, customers served, and units sold up 10%, 11%, and 9%, respectively, year over...
- May 10th, 2023 at 6:55 am

WM Technology Q1 Revenue Declines to $48 Million

WM Technology, Inc. Reports First Quarter 2023 Financial Results Announces First Quarter 2023 Financial Results with Revenue of $48.0 million Irvine, Calif. — May 9, 2023 — WM Technology,...
- May 9th, 2023 at 5:09 pm

GrowGeneration Q1 Revenue Increases 4% Sequentially

GrowGeneration Reports First Quarter 2023 Financial Results Net Revenue of $57 million Represents Sequential Improvement from Prior Quarter Gross Margin Improved Substantially to 28.7% Net Loss of $6.1 million...
- May 9th, 2023 at 4:50 pm

Ascend Wellness Q1 Revenue Rises 2% Sequentially

AWH Announces Q1 2023 Financial Results Reported Record Quarterly Revenue Since Company Inception Achieved $114.2M Net Revenue in Q1 2023, a 34.2% Increase Year-Over-Year and 1.9% Increase Quarter-Over-Quarter Generates...
- May 9th, 2023 at 4:36 pm

Cronos Group Q1 Revenue Falls 12% Sequentially

Cronos Group Reports 2023 First Quarter Results Industry-leading balance sheet with $836 million in cash and short-term investments Targeting positive cash flow in 2024 Net revenue in Canada increased...
- May 9th, 2023 at 8:12 am

MariMed Q1 Revenue Falls 4% Sequentially

MariMed Reports First Quarter 2023 Earnings NORWOOD, Mass., May 08, 2023 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator...
- May 8th, 2023 at 5:33 pm

Cannabis REIT Q1 Revenue Increases 8% Sequentially

Innovative Industrial Properties Reports First Quarter 2023 Results Q1 2023 Net Income and AFFO Per Diluted Share Increased 8% and 10% Year-Over-Year, Respectively SAN DIEGO, May 08, 2023–(BUSINESS WIRE)–Innovative...
- May 8th, 2023 at 5:11 pm

Cannabis Sales Rebound

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states. Cannabis sales increased 11.7% sequentially in  the March after decreasing 2.1%...
- May 8th, 2023 at 2:41 pm

Cannabis Stocks Are Cheap

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 7th, 2023 at 6:02 pm

GTI Q1 Revenue Slips 4% Sequentially to $248.5 Million

Green Thumb Industries Reports First Quarter 2023 Results CHICAGO and VANCOUVER, British Columbia, May 03, 2023 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE:...
- May 3rd, 2023 at 4:18 pm

Zig-Zag Sales Drop 10% Sequentially in Q1

Turning Point Brands Announces First Quarter 2023 Results Net Sales for Q1 2023 Increased 0.1 Percent Year-Over-Year LOUISVILLE, Ky.–(BUSINESS WIRE)-May 03, 2023-Turning Point Brands, Inc. (“TPB” or “the Company”)...
- May 3rd, 2023 at 8:02 am