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Finance
Green Thumb Industries Announces $50 Million Share Repurchase Program
The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.
Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility
The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.
Ascend Wellness Holdings Removes CEO, Terminates CFO
The cannabis company appointed board Director Samuel Brill to replace John Hartman as CEO. The company also appointed a new president and CFO.
TerrAscend Offers $10 Million Share Repurchase Program
The company is authorized to repurchase up to 10 million shares but is not obligated to purchase any shares during the 12-month stock buyback program.
Curaleaf Reports $342 Million in Q2 Revenue
The global cannabis company now operates in 15 countries.
The Cannabist Co. Reports Second Quarter 2024 Financial Results
The company reported $125 million in revenue for the period.
Cresco Labs Determines IRS Section 280E Not Applicable to its Business
The company reported an improvement of more than 800 basis points year-over-year in its adjusted EBITDA margin for the second quarter of 2024.
Verano Reports $222 Million in Revenue for Q2
The company’s second quarter 2024 financial performance featured the authorization of a share repurchase program.
Trulieve Reports $303 Million in Revenue in Q2 2024 Financial Results
The company’s revenue exceeded quarterly guidance in the second quarter as it looks ahead to Ohio’s adult-use sales launch at three retail locations.
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.
SNDL Initiates Overhead Restructuring, Operational Adjustments Impacting 106 Employees
The project is expected to deliver more than $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending.
Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes
The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.
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