Canadian Cannabis Sales Pick Up Strongly in June

Statistics Canada released June retail sales for the country, with cannabis sales rising from the May levels, up 2.6% to C$426.6 million, a new record for a month. May was revised...
- August 23rd, 2023 at 8:42 am

Cannabis Company Financial Reports Don’t Impress

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. Most of the companies have just reported for the quarter...
- August 20th, 2023 at 1:23 pm

Ayr Wellness Q2 Revenue Declines 1% Sequentially

AYR Wellness Reports Second Quarter 2023 Results Revenue up 18% Y/Y to $116.7 Million, Excluding Discontinued Operations Company Delivers Record Adjusted EBITDA1 of $29.4 Million, up 78% Y/Y, 12%...
- August 17th, 2023 at 5:06 am

Cresco Q2 Revenue Increases 2% From Q1 to $197.9 Million

Cresco Labs Reports Second Quarter 2023 Results Year-of-the-Core initiatives delivered strong improvements in gross margin, adjusted EBITDA and operating cash flow CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF)...
- August 16th, 2023 at 7:43 am

How Low Does It Go?

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...
- August 13th, 2023 at 6:08 pm

Canopy Growth Q1 Cannabis Revenue Jumps 12% Sequentially

Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results Net revenue in Q1 FY2024 increased 3% year-over-year to $109 million. Adjusting for divestiture of Canadian cannabis retail operations...
- August 9th, 2023 at 6:03 pm

Hydrofarm Q2 Revenue Increases 1% From Q1

Hydrofarm Holdings Group Announces Second Quarter 2023 Results Shoemakersville, PA — August 9, 2023 — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer...
- August 9th, 2023 at 4:39 pm

Curaleaf Q2 Revenue Lifts 1% Sequentially

Curaleaf Reports Second Quarter 2023 Results Second quarter 2023 revenue of $339 million, representing an increase of 4% year-over-year, and adjusted EBITDA¹ of $70 million Second quarter 2023 operating...
- August 9th, 2023 at 4:17 pm

Cannabis Fuels Strong Growth at Village Farms in Q2

  Village Farms International Reports Second Quarter 2022 Financial Results Consolidated Revenue Increased 18% Year-Over-Year to $82.9 Million Canadian Cannabis Business Net Sales Increased 20% Year-Over-Year and 37% Sequentially...
- August 9th, 2023 at 7:55 am

Trulieve Q2 Revenue Slips 3% Sequentially to $281.8 Million

Trulieve Reports Second Quarter 2023 Results Highlighting Progress on 2023 Plan Sold 11.6 million units of branded product through branded retail, up 9% sequentially Maryland dispensary traffic increased 200%...
- August 9th, 2023 at 7:15 am

WM Technology Q2 Revenue Bounces to $50.9 Million

WM Technology, Inc. Reports Second Quarter 2023 Financial Results Announces Second Quarter 2023 Financial Results with Revenue of $50.9 million, Net Income of $2.0 million and Adjusted EBITDA of...
- August 8th, 2023 at 5:11 pm

Ascend Wellness Q2 Revenue Increases to Record $123 Million

AWH ANNOUNCES Q2 2023 FINANCIAL RESULTS Reported Record Quarterly Revenue Achieved $123.0M Net Revenue in Q2 2023, a 26.1% Increase Year-Over-Year and 7.7% Increase Quarter-Over-Quarter Generates Positive Cash from...
- August 8th, 2023 at 4:51 pm

GrowGeneration Misses Revenue Forecast and Cuts Outlook

GrowGeneration Reports Second Quarter 2023 Financial Results Net Revenue of $63.9 million Represents a 12% Sequential Improvement from Prior Quarter Net Loss of $5.7 million and Non-GAAP Adjusted EBITDA¹...
- August 8th, 2023 at 4:34 pm

GTI Q3 Revenue Increases 2% Sequentially to $252 Million

Green Thumb Industries Reports Second Quarter 2023 Results CHICAGO and VANCOUVER, British Columbia, Aug. 08, 2023 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or “the Company”) (CSE:...
- August 8th, 2023 at 4:19 pm

Cronos Group Reports Weaker Q2

Cronos Group Reports 2023 Second Quarter Results Industry-leading balance sheet with $841 million in cash and short-term investments Increased 2023 operating expense savings target to $20 to $25 million...
- August 8th, 2023 at 7:45 am

Slow Growth

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...
- August 6th, 2023 at 6:50 pm