Finance: Page 10

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.

Ascend Wellness Calls Off MedMen NY Acquisition After 17 Months

Despite settling an M&A lawsuit in May, Ascend CEO cancels $88-million deal, calling New York a “highly uncertain” regulatory environment.

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 Conference Announces Day 2 Keynote Presenter: Mitch Baruchowitz of Merida Capital Holdings

Cannabis Conference 2022, produced by the award-winning Cannabis Business Times (CBT) media brand, will take place August 23-25 at Paris Las Vegas.

Inclusive Cannabis Franchise, Far & Dotter, Announces Selection of First Franchisees

The Maryland cannabis brand has announced plans of expansion into Mississippi and New Jersey as it inks agreements with two fund recipients.

Green Thumb Industries Reports Second Quarter 2022 Results

Revenue increased 4.8% sequentially and 14.6% year-over-year to $254.3 million.

'We Need Federal Action'

Attorney Michael Sampson describes what Pennsylvania's new banking bill means for the cannabis industry and what needs to change.

Tilray Brands, Inc. Reports Record Fiscal Year 2022 Results

FY2022 Net Revenue Grew 22% to $628 Million Compared to the Prior Year; On a Constant Currency Basis, Net Revenue Increased by 29%.

What Angel Investors Are Looking For in the Cannabis Industry

Year-to-date, the amount of capital invested in private companies has materially increased, representing 31% of all capital invested in the cannabis industry.

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?

U.S. House Passes SAFE Banking Act as Amendment to Defense Bill

The House approved the cannabis banking reform legislation for the seventh time as part of the 2023 National Defense Authorization Act.

Fridays Reign King for Massachusetts Cannabis Dispensaries

The busiest day of the week for retailers saw a 61% increase in sales traffic on average compared to the slowest day of the week—Monday.

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