Business Issues/Benchmarks: Page 23

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

Safe Harbor Financial Reports Year-Over-Year Net Income Increase in Q1 2024 Financial Results

CEO Sundie Seefried noted that if cannabis is reclassified as a Schedule III substance, it would result in "a material increase of capital from these businesses moved into financial institutions."

Ohio Medical Cannabis Operators Could Launch Adult-Use Sales in June

A state committee cleared proposed regulations for established businesses to convert to adult-use sales, and once applications launch, lawmakers predict a swift approval process.

'Wholesale Business Growth Highlight' of MariMed Q1 2024 Financial Results, says CEO

The Massachusetts-based multistate operator began selling its products wholesale in Illinois.

Key Takeaways From USDA's 2024 Hemp Report

The USDA’s 2024 “National Hemp Report” shows the value of hemp production, including floral hemp and seed production, is trending upward, though harvested hemp still exceeds hemp sold. Here are some of the key statistics to know.

Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024

The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.

Trulieve Reports $298M in Revenue for 1st Quarter 2024

The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.

SNDL Reports 1st Quarter 2024 Financial, Operational Results

The company had CA$198 million in net revenue for the three-month period as well as a record profit margin.

The Cannabist Co. Reports 1st Quarter 2024 Results

The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.

Green Thumb Reports $276M Revenue for 1st Quarter 2024

The multistate cannabis company also reported more than $80 million in cash flow from operations and $31 million in net income for the quarter.

Rescheduling Would Have Saved Verano $80M in 2023 Tax Payments, CEO Says

The multistate cannabis operator reported $221 million in revenue for Q1 2024 and $113 million in gross profit for the quarter.

Where All 100 US Senators Stand on SAFER Banking Act

At least 59 senators support or likely support the cannabis reform legislation as Majority Leader Chuck Schumer holds keys to floor vote.

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