Business Issues/Benchmarks: Page 53

Trulieve on Track to Exit 2023 as ‘Leaner, Stronger’ Company, CEO Says

The multistate cannabis operator reported a quarterly revenue of $282 million with a gross profit of $142 million and a net loss of $404 million.

Ascend Wellness Remains on Track to Generate Cash From Operations for Full Year

The multistate cannabis operator reported a record quarterly revenue in Q2.

Green Thumb Reports $18M in Cash Flow From Operations Despite Paying $52M in Taxes for Q2

The multistate cannabis operator had a net income of $13.4 million attributable to the company for the second quarter.

Court Orders New York to Halt New Adult-Use Dispensary Licenses

A state Supreme Court judge issued an injunction on new licenses and dispensary openings amid a lawsuit filed by service-disabled veterans.

Verano Pursues Growth Opportunities Despite Industry ‘Fluctuations,’ CEO Says

The multistate operator announced a record $234 million in quarterly revenue and positive free cash flow for Q2.

When Launching a Cultivation Business, ‘Be Your Most Convinced Champion’

Christina Betancourt Johnson, owner and CEO of Standard Wellness Maryland and Rooted Therapeutics, provides insight into how to successfully launch and operate a cannabis cultivation business, from securing a location to building relationships with dispensaries.

The Versatility of Hemp: 5 Ways to Use and Enjoy Hemp Products

Jorge Olson, chief marketing officer at Hempacco, showcases hemp’s myriad uses, what consumers can expect, and what businesses should note.

Maryland’s First Month of Adult-Use Cannabis Sales Indicates $1 Billion Market in Store

The state’s licensed retailers reported more than $87 million in combined cannabis sales for July.

Cannabis Conference to Feature Home Grow, Medical Cannabis Research Education

These groundbreaking sessions will dive into the realms of personal cultivation and the cutting edge of medical cannabis research.

Columbia Care to Voluntarily Delist Common Shares From CSE

While the cannabis company is delisting from the Canadian Securities Exchange, it will continue trading on the Cboe Canada.

New York’s First Adult-Use Cannabis Retailer Garners $12 Million in Sales During First Six Months

Nonprofit Housing Works Cannabis Co. is using the proceeds to continue advancing community goals and life-saving initiatives for New Yorkers in need.

No Deal: Cresco Labs, Columbia Care Call Off $2-Billion Merger

The multistate cannabis operators terminated an acquisition agreement dating back to March 2022; the Sean “Diddy” Combs deal is off, too.

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