Finance: Page 14

8 Internal Controls That Can Protect Your Cannabis Company

Established and continually tested checks and balances throughout your operation help prevent fraud, regulatory woes, litigation, and other serious threats to your business.

UPDATE: SAFE Banking Act on Cusp of Markup, Advancement in Senate Banking Committee

A full committee markup on the legislation is scheduled for Sept. 27.

Columbia Care Announces Private Placement of US$25 Million

The multistate cannabis operators is executing on the next phase of its balance sheet improvement initiatives.

Canopy Growth Seeks Bankruptcy for BioSteel Business

The embattled Canadian cannabis producer has obtained creditor protection for the business unit and plans to seek permission to sell the BioSteel assets.

Curaleaf Executive Chairman Boris Jordan Says Company Anticipates ‘Game-Changing Catalysts’ on Horizon

The multistate cannabis operator reported $339 million in quarterly revenue with a gross profit of $146.5 million.

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.

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.

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.

SAFE Banking Backed by At Least 9 GOP Senators; Bill Lies Largely in Democrats’ Court

The Republican support indicates legislation to provide traditional banking services to the cannabis industry has the votes to avoid a filibuster.

Where the Cresco-Columbia Care Merger Stands on Deadline Day

The multistate cannabis operators continue to work “amicably” on their definitive agreement.

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