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Analyst: Calif. Marijuana Industry a '$25 Billion Opportunity' | Cannabis Business Times

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Analyst: Calif. Marijuana Industry a '$25 Billion Opportunity'

November 21, 2016

LOS ANGELES — MedMen likens itself, as many cannabis companies do, to an early tech startup. Its West Hollywood dispensary looks a bit like an Apple store, with samples of product in polished glass cases and information about each on iPads. In a grow facility in Sun Valley, north of Los Angeles, marijuana plants grow in coconut fiber, sustained by drip irrigation and marked by thin plastic labels stuck in soil. Beyond the dispensary and cultivation center, the company offers "turnkey management services" to others in the cannabis space and boasts a $100 million venture capital fund.

This is the future of legal marijuana in California: Diversification, slick branding and professional investment.

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TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

Verano Announces $195 Million Senior Secured Term Loan Refinancing Agreement

The new credit facility highlights the company’s ability to access lower-cost regional bank capital to fund strategic growth initiatives.

TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

The cannabis company also reported its 13th consecutive quarter of positive cash flow from continuing operations.

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

The cannabis company also reported $74 million in cash flow from operations for the quarter.

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

The cannabis company also reported a year-to-date cash flow from operations of $104 million and a free cash flow of $57 million.

Cresco Labs Reports $165M in Q3 Revenue; Net Loss of $22M

The cannabis company also reported a third-quarter operating cash flow of $6 million.

Trulieve Reports $288M in Q3 Revenue; Net Loss of $27M

The cannabis company also reported a year-to-date cash flow from operations of $214 million and a free cash flow of $173 million.

Ascend Wellness Reports $127M in Q2 Net Revenue

The multistate cannabis operator also reported its 10th straight quarter of positive operating cash flow.

Trulieve Announces Registration Statement Filing

The cannabis company has no immediate plans to offer or sell any securities under the shelf registration.

Trulieve Resized

All 4Front Subsidiaries File for Court-Appointed Receiver

The company intends to continue operating during the receivership process and hopes the process will generate value for stakeholders.

4 Front Ventures Corp All 4 Front Subsidiaries File For Court App

Green Thumb Industries Reports $280M in Q1 Revenue

The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.

Green Thumb Image

Tilray Brands Announces Proposed Reverse Stock Split

The global cannabis company also announced a corresponding special stockholders meeting.

Tilray Brands Reports Quarterly Financial Results, Confirms No Tariff Impacts

The global cannabis company generated a net revenue of $186 million in the third fiscal quarter, verifying it has no current impacts from U.S. tariffs.

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