Finance: Page 12

Aurora Cannabis Announces CFO Transition, Completion of Share Consolidation

New chief financial officer Simona King brings deep financial expertise across corporate, operations and international business units.

Aurora Cannabis Announces Fiscal 2024 Third Quarter Results; Generates Record Adjusted EBITDA of $4.3 Million

The Canada-based global cannabis company announced its financial and operational results for the third quarter of fiscal year 2024, with fiscal 2024 'on track' to be the company's 'strongest to date.'

The Cannabist Co. Announces Debt Repurchase Agreement

The company’s agreement aims to reduce leverage by up to $25 million and decrease its interest expense.

Canopy Growth Announces US$30 Million Private Placement

The purpose of the offering is to provide the company with additional liquidity to further strengthen its financial position.

4Front Ventures Transforms Balance Sheet; Names New CEO

The Pheonix-based multistate cannabis operator entered into a conditional agreement with its senior secured lender.

Curaleaf Commences TSX Trading Dec. 14

Executives from the multistate cannabis operator rang the opening bell Thursday in Toronto following a delisting of shares from the CSE.

Curaleaf Announces Receipt of Conditional Approval to List Subordinate Voting Shares on the TSX

The multistate cannabis operator plans to delist from the Canadian Securities Exchange.

The Fall of Grassdoor: California-Based Cannabis Delivery Giant Begins Insolvency Proceedings, Ceases Operations

Interim CEO Chi-Chien Hou delivered the news Nov. 21 to employees, who were all laid off “effective immediately.”

As Ohio Legalizes Cannabis, the State’s Junior US Senator Opposes SAFER Banking for Industry

The “upsides of this bill are overstated,” Sen. JD Vance said about providing federal safe harbor to banks servicing state-sanctioned cannabis companies.

Lawmakers Urge Federal Officials to Update ‘Out-of-Date Guidance’ on Providing Banking Tools to Cannabis Business Owners Convicted of Cannabis-Related Crimes

A group of 20 Democratic members of the House and Senate sent a letter to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network urging them to revise “red flags” for cannabis business owners.

MariMed Closes $58.7 Million Debt Refinancing

The 10-year term at a reduced annualized interest rate will result in a $4.7-million reduction to principal and interest expense in the first 12 months and $3.5 million annually for four years.

AYR Wellness Reports $114 Million in Revenue for Third Quarter 2023 Financial Results

The multistate cannabis operator’s revenue is up 5% year-over-year with $20 million of operating cash flow generated for the quarter.

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