Cannabis Business Financial Report: Page 3

Village Farms International Reports Q4 and 2023 Financials: Record Consolidated Sales for Q4

The produce supplier and owner of Canadian subsidiary Pure Sunfarms cannabis business and U.S.-based Balanced Health Botanicals CBD brand closed the year with positive adjusted EBIDTA on its core businesses, and started buildout of its first production facility in the Netherlands.

Ascend Wellness Releases Fourth Quarter, Full Year 2023 Financial Results

The multistate cannabis operator reported $519 million in net revenue for the year, representing a 28% increase over 2022.

Curaleaf Reports Q4 and Full Year 2023 Financial Results

The multistate cannabis operator generated record revenue of $345 million for the fourth quarter and $1.35 billion for the year.

Trulieve Reports Receiving Refund For 280E Taxes Paid

The multistate cannabis company, as noted in its 2023 financial report and earnings call, says it received $113 million of the more than $174 million it requested in combined amended state and federal tax returns.

Green Thumb Industries Reports $1.1 Billion in Revenue in 2023, a 4% Increase From Prior Year

The multistate cannabis operator and owner of RISE Dispensaries, which opened 15 new stores in 2023, reported its fourth quarter and 2023 financial results.

Verano Hits Record Revenue of $938 Million in 2023

The company also increased 2023 net cash provided by operating activities by 16% to $110 million and generated $73 million in free cash flow.

Trulieve Reports Fourth Quarter and Full Year 2023 Results Highlighting Year End Momentum and Cash Generation

Trulieve Cannabis Corp. today announced its results for the fourth quarter and full year ended Dec. 31, 2023. The company summarized highlights of 2023 including opening 17 dispensaries in 2023, increasing retail footprint to 192 retail locations nationwide.

7 Critical Questions Cannabis Businesses Need to Be Asking About The Corporate Transparency Act, The Most Important Federal Law You’ve Never Heard Of

Complying with the CTA, which took effect in 2024, can be deceptively complicated, and failure to do so can subject companies to civil—and even criminal—penalties.

AYR Wellness Reports $114 Million in Revenue for Third Quarter 2023 Financial Results

The multistate cannabis operator’s revenue is up 5% year-over-year with $20 million of operating cash flow generated for the quarter.

Cresco Labs Reports $191 Million Revenue in Third Quarter 2023 Financial Results

The company continued its execution of its year-of-the-core strategy to deliver strong margin and operating cash flow gains, with elimination of over $40 million in annualized operating costs.

The Cannabist Co. Reports Third Quarter 2023 Results

The “complicated” quarter included the termination of a merger agreement with Cresco Labs and a corporate restructuring with operational changes.

Green Thumb CEO Lambastes ‘Uncle Sam’ for Cannabis Listing as 70% Americans Support Legalization

The multistate operator remains bullish on Maryland after reporting record revenue for its third-quarter earnings.

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