Business Issues/Benchmarks: Page 17

California Governor’s Proposal to Integrate Hemp Into Cannabis Supply Chain Comes to Halt

The state’s Senate Appropriations Committee did not vote on legislation that included Gov. Gavin Newsom’s amendments before a legislative deadline.

Tilray to Acquire 4 Craft Beer Breweries From Molson Coors

The global cannabis company’s beverage-market aspirations just got higher, as it entered into a definitive agreement to buy four more beer companies. This follows several years of beverage-company acquisitions and marks a ‘strategic milestone’ in the company’s growth plan.

Wiz Khalifa to Offer Exclusive Khalifa Kush Products ‘Powered by Planet 13’ at the Planet 13 Entertainment Complex

The products include cultivars unique to Nevada that will be sold Planet 13’s Las Vegas dispensary.

Only 27% of US Cannabis Operators Profitable in 2024, Whitney Economics Reports

The industry data and economic research consultancy released its preliminary cannabis business conditions survey results.

Village Farms International Reports Q2/24 Results

MariMed Reports Second Quarter 2024 Earnings

The Massachusetts-based multistate operator announces financial and company highlights for Q2, including closing the acquisition of an adult-use dispensary in Upper Marlboro, Md., and of Thrive Dispensary in Casey, Ill., and receiving a provisional dual-license for its Tiffin, Ohio, dispensary.

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.

Curaleaf Appoints Executive Chairman Boris Jordan as CEO

Outgoing CEO Matt Darin is set to retire. Jordan will remain on the board.

Jushi Holdings Inc. Reports Second Quarter 2024 Financial Results

The Florida-based multistate operator shares Q2 financial and company highlights, including its appointment of former Cresco executive Todd West as COO, its debut of 308 new unique SKUs across the company’s five vertical markets, a net loss of $1.9 million, compared to $14.0 million in Q2 2023, and the refinancing of the company's first lien debt with SunStream Bancorp Inc.

Verano Reports $222 Million in Revenue for Q2

The company’s second quarter 2024 financial performance featured the authorization of a share repurchase program.

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