Cannabis Business Financial Report: Page 3

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling

Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

Cresco Labs Reports $184M in Revenue in Q1 2024 Financial Results

'This is just the start,' says CEO Charles Bachtell, noting significant opportunities in new and potential adult-use markets such as Ohio, Florida and Pennsylvania.

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

Safe Harbor Financial Reports Year-Over-Year Net Income Increase in Q1 2024 Financial Results

CEO Sundie Seefried noted that if cannabis is reclassified as a Schedule III substance, it would result in "a material increase of capital from these businesses moved into financial institutions."

'Wholesale Business Growth Highlight' of MariMed Q1 2024 Financial Results, says CEO

The Massachusetts-based multistate operator began selling its products wholesale in Illinois.

Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024

The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.

Trulieve Reports $298M in Revenue for 1st Quarter 2024

The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.

SNDL Reports 1st Quarter 2024 Financial, Operational Results

The company had CA$198 million in net revenue for the three-month period as well as a record profit margin.

The Cannabist Co. Reports 1st Quarter 2024 Results

The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.

Green Thumb Reports $276M Revenue for 1st Quarter 2024

The multistate cannabis company also reported more than $80 million in cash flow from operations and $31 million in net income for the quarter.

Jushi Holdings Reports Total Revenue of $269.4 Million in 2023

The vertically integrated, multistate cannabis operator released its 2023 full year financial results, and the CEO described the fourth quarter as 'a strong finish to an incredible year.'

AYR Wellness Reports Fourth Quarter and Full Year 2023 Results

David Goubert, AYR President AND CEO, said '2023 was a transformational year for AYR' with revenue growth, enhanced profitability and a strengthened balance sheet.

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