Finance: Page 13

Cresco Labs Announces First Quarter 2022 Results

The company reports 20% year-over-year revenue growth and 45% year-over-year adjusted EBITDA growth.

Flora Growth Appoints Holly Bell as Vice President of Regulatory Affairs

Bell joins Flora Growth after working as the Director of Cannabis for the Florida Department of Agriculture and Consumer Services.

More Than 20 Senators Urge Congressional Leadership to Include SAFE Banking Act in Pending Legislative Package

A group of 24 senators wrote a letter to Senate and House leaders May 12, encouraging them to include the cannabis banking reform measure in the final version of the America COMPETES Act.

Verano Launches Mobile Applications, Exclusive Rewards Program For Zen Leaf and MÜV Cannabis Dispensaries

The applications and rewards programs aim to provide broader accessibility, deals and product information across 71 dispensaries in seven states.

Cresco Labs Announces Expiration of HSR Act Waiting Period For Proposed Acquisition of Columbia Care

The end of the 30-day waiting period brings the company one step closer to completing a roughly $2-billion deal by the end of the year.

Fast Take With Matt Darin, Curaleaf's New CEO

Curaleaf announced May 9 that Matt Darin, who was named president earlier this year, will now lead the multistate operator as CEO.

Executive Take: New Curaleaf CEO Matt Darin Details Florida Expansion

The company recently announced plans for three new dispensaries in Florida, where more than 37% of its U.S. retail footprint is now dedicated.

MariMed Strengthens Executive Leadership Team To Support Accelerated Long-Term Growth

Jon Levine Elevated to Chief Administration Officer; Susan Villare Appointed Chief Financial Officer.

Ascend Wellness, MedMen Resolve M&A Lawsuit With $88-Million Deal

The settlement includes a $15-million increase in a transaction consideration than began with a $73-million definitive agreement in February 2021.

Cronos Group Reports 2022 First Quarter Results

The company’s consolidated net revenue increased by 99% year-over-year to $25 million in the first quarter of 2022.

New Study Finds Keeping or Eliminating California’s Cannabis Cultivation Tax Yield Similar Revenues

The Reason Foundation’s analysis comes as the state’s Department of Cannabis Control picks up momentum on retail licensing.

Lowell Farms Inc. Announces Unaudited First Quarter 2022 Financial and Operational Results

Following a recent milestone, Lowell Farms enters the year as the largest combined seller of packaged flower and all-flower pre-rolls in California.

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