Cannabis Business Quarterly Revenues: Page 5

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.

Where the Nation’s 8 Largest Cannabis MSOs Are Expanding in 2023 (and Why)

We’ve seen corporate operators pulling out of California, Colorado, Oregon and Massachusetts, but which markets are they tackling now?

Trulieve, Verano, Ascend Wellness Buckle Up for New Growth Markets

Reporting first quarter financials, CEOs from the three multistate operators are now regearing for more favorable business conditions.

Curaleaf to Restate Certain Previously Issued 2022 and 2021 Financial Statements

The company will report minor reductions in revenue of approximately 1.25% and 0.75% for 2021 and 2022, respectively.

Verano CEO Says 2023 Will Be ‘Inflection Point’ for Cannabis Industry

As smaller operators struggle to weather the industry downturn, George Archos forecasts favorable M&A deals in attractive markets.

Trulieve CEO Sets Goal of $100 Million in Operating Cash Flow This Year

Stomping onward with the nation’s largest cannabis retail footprint, Trulieve reported $1.2 billion in revenue for 2022.

Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry

The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.

Verano Bets $5 Million to Enter Virginia Medical Market

The multistate cannabis operator entered into an agreement to acquire MedMen’s PhamaCann Virginia LLC, which has a license tied up in litigation.

Creating a Budget for 2023? Consider These Tips

Naomi Granger, founder of the National Association of Cannabis Accounting and Tax Professionals, shares key factors cannabis cultivators and retailers should consider when creating a budget for 2023.

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