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Finance
4Front Ventures’ Receivership Proceedings Progress; Board Members Resign
Board Chairman Kris Kane and Director David Daily resigned as a result of a receiver appointment under Canada’s Bankruptcy and Insolvency Act.
AYR Wellness Has No Estimate for Q1 2025 Interim Filings; Trading Remains on Hold
The cannabis company’s delay in filing its financial statements comes as its negotiations with creditors remain ongoing.
Aurora Cannabis Denies 2nd ‘False’ News Report of Acquisition of MedLeaf Therapeutics
The Canadian cannabis company advised stakeholders of news reports on Investing.com that was generated ‘with the support’ of artificial intelligence.
Vireo Growth Provides Corporate Update After Closing All Merger Transactions
The cannabis company now operates in six states and believes its improved profitability profile could help secure favorable debt refinancing terms.
AYR Fails to Complete Q1 2025 Interim Financial Filings; Cease-Trade Order Remains in Effect
The cannabis company provided an update on the delay of its financial statements, analysis and related executive officer certificates.
AYR Wellness Issued Cease Trade Order by Ontario Securities Commission
The order prohibits all trading in the securities of the company in Canada amid AYR’s delay in filing its Q1 2025 financial statements.
Cresco Labs Delivers $30 Million in Q1 Operating Cash Flow
The cannabis company also reported $166 million in first-quarter revenue with ‘flexibility and financial strength’ to start the year.
The Cannabist Co. Completes Previously Announced Plan of Arrangement
The arrangement resulted, in part, in the exchange of outstanding senior secured convertible notes and senior secured first-lien notes.
Ascend Wellness Reports $128M in Q1 Revenue
The cannabis company also reported $5.9 million in generated positive cash from operations, ending the quarter with $100M in cash and cash equivalents.
TerrAscend Reports $71M in Q1 Revenue
The company also reported $8 million in net cash from operations and $5.5 million in free cash flow.
Curaleaf Reports $310M in Q1 Revenue, $35M in International Revenue
The company also reported $42 million in operating cash flow from continuing operations and $26 million in free cash flow.
The Cannabist Co. Reports $87M in Q1 Revenue
The company also reported a $32 million net loss.
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