Finance: Page 23

Cronos Group Reports 2022 First Quarter Results

The company’s consolidated net revenue increased by 99% year-over-year to $25 million in the first quarter of 2022.

New Study Finds Keeping or Eliminating California’s Cannabis Cultivation Tax Yield Similar Revenues

The Reason Foundation’s analysis comes as the state’s Department of Cannabis Control picks up momentum on retail licensing.

Lowell Farms Inc. Announces Unaudited First Quarter 2022 Financial and Operational Results

Following a recent milestone, Lowell Farms enters the year as the largest combined seller of packaged flower and all-flower pre-rolls in California.

Village Farms International Reports First Quarter 2022 Financial Results

Consolidated revenue increased 34% year-over-year to $70.2 million; the company's net loss of $6.5 million is primarily due to inflationary pressures on produce business.

Curaleaf Names Matt Darin CEO

Outgoing CEO Joe Bayern will head a new division of Curaleaf.

Michigan Real Estate Firm Files Bankruptcy Petition

The company leases property to licensed cannabis operators, casting its federal bankruptcy filing into uncertain territory.

New Mexico Adult-Use Cannabis Sales Eclipse $22.1 Million in First Month; Medical Hits $17.3 Million

The country’s newest fully legal retail market grossed nearly $39.5 million in combined medical and adult-use sales in April.

MariMed Completes Two Acquisitions in Maryland and Illinois

Multistate operator MariMed recently locked down two new acquisitions: Kind Therapeutics, in Maryland, and Green Growth, in Illinois.

Oregon 2022 Adult-Use Sales Down 14.4% From Last Year

Despite the year-over-year trend, licensed adult-use cannabis retailers recorded $83.7 million in April, their largest grossing month since October.

Illinois Adult-Use Cannabis Sales Up 14.6% From Last April

Day-tripper purchases continued to play a key role in the nation’s third-largest adult retail market, which recorded $131.8 million in sales last month.

Glass House Brands Completes Acquisition of PLUS, a Leading California Edibles Brand

The acquisition establishes Glass House as the only company with a top 5 position in both the flower and edibles categories in California, according to BDS Analytics.

Major Canadian Retail Business Exercises Warrant on Fire & Flower Shares to Draw 35% Ownership Stake

Couche-Tard, the owner of Circle K convenience stores, delivered $38 million to Fire & Flower via this transaction.

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