Michigan Cannabis Sales Lift Modestly in July

Michigan cannabis sales for July rose sequentially 3.2% from June with the increase in days. At $287.7 million, sales were up 4.0% from a year earlier, the slowest annual growth in...
- August 14th, 2024 at 4:24 pm

SNDL To Buy Rest of Nova Cannabis for C$1.75 per Share

SNDL to Acquire Remaining Minority Interest of Nova Cannabis SNDL and Nova Execute Arrangement Agreement with Key Shareholder Support CALGARY, AB, Aug. 13, 2024 /PRNewswire/ – SNDL Inc. (Nasdaq:...
- August 13th, 2024 at 7:15 am

Organigram Q3 Revenue Increases 25%

  Organigram Reports Third Quarter Fiscal 2024 Results August 13, 2024 Net revenue of $41.1 million increased 25% over the prior year period Adjusted EBITDA¹ of $3.5 million versus...
- August 13th, 2024 at 6:41 am

Cannabis Q2 Earnings Season Shakes Things Up

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  the end of July,...
- August 12th, 2024 at 8:39 am

Cannabis Call Options

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...
- August 9th, 2024 at 9:29 am

Cresco Labs Q2 Revenue Falls 7%

Cresco Labs Reports Consistent Profitability Improvement with Second Quarter 2024 Financial Results Over 800 basis point year over year improvement in Adjusted EBITDA Margin 1 CHICAGO–(BUSINESS WIRE)– Cresco Labs...
- August 8th, 2024 at 7:17 am

Cannabist Q2 Revenue Falls 3%

The Cannabist Company Reports Second Quarter 2024 Results NEW YORK–(BUSINESS WIRE)–Aug. 8, 2024– The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”),...
- August 8th, 2024 at 7:10 am

Curaleaf Q2 Revenue Grows 2%

Curaleaf Reports Second Quarter 2024 Results Second quarter 2024 revenue of $342 million, representing an increase of 2% year-over-year and adjusted gross margin(1) of 48% Second quarter International revenue...
- August 7th, 2024 at 4:14 pm

Verano Q2 Revenue Falls 5%

Verano Announces Second Quarter 2024 Financial Results CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state...
- August 7th, 2024 at 6:29 am

Ayr Wellness Q2 Revenue Increases 1%

AYR Wellness Reports Second Quarter 2024 Results MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) — AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated...
- August 7th, 2024 at 6:25 am

Trulieve Q2 Revenue Increases 8%

Trulieve Reports Second Quarter 2024 Results Exceeding Quarterly Guidance Second quarter performance of $303 million in revenue, up 2% sequentially and 8% year over year, and 60% gross margin...
- August 6th, 2024 at 7:53 am

GTI Revenue Grows 11% in Q2

Green Thumb Industries Reports Second Quarter 2024 Results CHICAGO and VANCOUVER, British Columbia, Aug. 05, 2024 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE:...
- August 5th, 2024 at 6:06 pm

Ascend Grows Q2 Revenue 15%

AWH ANNOUNCES Q2 2024 FINANCIAL RESULTS Achieved $141.5M Net Revenue in Q2 2024, a 15% Increase Year-Over-Year Reported $28.3 million in Adjusted EBITDA, a 33% Increase Year-Over-Year Generated Positive...
- August 5th, 2024 at 7:53 am

TerrAscend Issues Debt at 12.75%

TerrAscend Completes $140 Million Debt Financing Non-dilutive financing bears a coupon of 12.75% with a four-year term and no prepayment penalties No material debt maturing until late 2027 TORONTO,...
- August 2nd, 2024 at 9:19 am

A Solid Cannabis Transaction

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...
- August 2nd, 2024 at 8:18 am

Ancillary Cannabis Stocks Lead in July

As we described in a previous article, the Global Cannabis Stock Index moved higher in July, rising 5.9%. It is now up 12.5% in 2024. In this article, we summarize the performance...
- July 31st, 2024 at 5:22 pm

The Global Cannabis Stock Index Jumps in July

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...
- July 31st, 2024 at 4:15 pm

Hawthorne Gardening Sales Drop 28%

  ScottsMiracle-Gro Reports Fiscal 2024 Third Quarter Results U.S. Consumer third quarter net sales of $1 billion exceed prior year by 11 percent; Consumer engagement shows strength with unit...
- July 31st, 2024 at 7:46 am

Tilray Brands Q4 Cannabis Business Lifts 13%

Tilray Brands Reports Record Financial Results, Achieves 26% Net Revenue Growth Record Fiscal 2024 Gross Profit Reduced Net Convertible Debt by ~$300 Million in Fiscal 2024 Fiscal 2024 Net...
- July 29th, 2024 at 4:27 pm