Finance: Page 10

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."

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

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

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.

SunStream USA Poised to Acquire Cannabis Assets

SNDL, through its joint venture in SunStream Bancorp Inc., today announced the SunStream USA group of companies (collectively, "SunStream USA Group") intends to proceed with the acquisition of equity positions in U.S. cannabis assets, resulting in majority equity positions in select assets of Surterra Holdings, Inc. (d/b/a Parallel) and Greenpeak Industries Inc. (d/b/a Skymint).

MedMen CFO, Directors Resign as Company Enters Bankruptcy Proceedings; Delisting Expected

The cannabis company, which has subsidiaries across the U.S., announced its assignment into bankruptcy pursuant to Canada’s Bankruptcy and Insolvency Act.

Glass House Brands Reports Selling 339,000 Pounds of Cannabis in 2023

The California-based, vertically integrated cannabis company reported record preliminary fourth quarter and full year 2023 financial results.

AYR Wellness Upsizes Florida Cultivation Facility Mortgage

The company closed on an $8.4 million upsizing for its cannabis cultivation facility in Gainesville.

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