Finance: Page 16

Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry

The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.

Cresco Labs, Columbia Care Delay Closing of $2-Billion Merger

The multistate operators mutually agreed to extend their proposed closing date to the second quarter of 2023.

Canopy Growth Announces $150 Million Registered Direct Offering

The agreement with an institutional investor is part of the company’s focus to accelerate an entry into the U.S. market.

Cannabis Stocks Are a Bargain Right Now. Here's Why

The downturn in stocks has a lot of causes but few industry stakeholders predicted it publicly in advance.

Curaleaf Announces Closure of Operations in California, Colorado, Oregon

The proactive exit will generate additional cash and improve margins in a non-SAFE Banking environment; 2023 free cash flow is expected to exceed $125 million.

9 Tips for Getting Your Business Cash-Positive in 2023

At Cannabis Conference 2022, Colin Kelley, operating partner for private equity fund Merida Capital Holdings, moderated an open dialogue with three seasoned cannabis operators to gather insights on how they've avoided–and learned from—common, costly missteps and built a profitable business.

Continued Institutional Confidence in Cannabis Sale-Leaseback Market

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results

The company achieved $29.2 million of operating cash flow and $25.4 million of free cash flow.

TerrAscend Announces Amendment of Pennsylvania Credit Agreement

The amendment will reduce the company’s debt by $35 million and annual interest expense by $5 million.

Green Thumb Appoints New Board Member, 4 Executive Leadership Positions

The cannabis company’s expanded leadership team will take effect Jan. 1, roughly three months after three board members resigned.

TerrAscend Appoints Seasoned Finance Professional to Board

Ira Duarte joins the company’s board of directors with more than 25 years of experience in finance, accounting and auditing leadership roles.

TerrAscend Reduces Outstanding Debt by US$30 Million

The company elected to pay down $30 million of its maturing $55 million senior secured Michigan loan, refinancing the remaining $25 million.

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