Cannabis Business Quarterly Revenues: Page 6

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.

Cresco Labs Announces Second Quarter 2022 Results

Company reports 4% year-over-year revenue growth and 11% year-over-year adjusted EBITDA growth; continues industry leadership with branded product performance and retail productivity.

Aleafia Health Announces $12.0 Million Total Net Revenue in First Quarter, Representing a 13% Increase Over the Prior Year

31% increase in branded cannabis net revenue to $10.0 million from $7.6 million in the prior year.

Cannabis Reform Slogs Through Congress as Corporate Revenues Continue to Tumble

Revenue slows and stocks crash despite continued industry growth. Can legislation save small cannabis businesses?

HEXO Reports Third Quarter 2022 Results

HEXO Corp reported its financial results for the fiscal quarter ended April 30, 2022.

The Flowr Corporation Announces First Quarter 2022 Results and Reinstatement of Trading

In Q1 2022, the Company generated gross revenue of $3.9 million as a result of the sale of 1,179,735 grams of dried cannabis flower, an increase of 75% compared to Q1, 2021.

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