Finance: Page 7

Cresco Labs Determines IRS Section 280E Not Applicable to its Business

The company reported an improvement of more than 800 basis points year-over-year in its adjusted EBITDA margin for the second quarter of 2024.

Jushi Holdings Inc. Reports Second Quarter 2024 Financial Results

The Florida-based multistate operator shares Q2 financial and company highlights, including its appointment of former Cresco executive Todd West as COO, its debut of 308 new unique SKUs across the company’s five vertical markets, a net loss of $1.9 million, compared to $14.0 million in Q2 2023, and the refinancing of the company's first lien debt with SunStream Bancorp Inc.

Verano Reports $222 Million in Revenue for Q2

The company’s second quarter 2024 financial performance featured the authorization of a share repurchase program.

Aurora Cannabis Announces Fiscal 2025 First Quarter Results and Delivers Positive Free Cash Flow

The Canadian company notes positive free cash flow of $6.5 million, record net revenue of $47.2 million in global medical cannabis and an end to the fiscal quarter debt-free with a cash position of approximately $182 million.

AYR Wellness Reports Second Quarter 2024 Results

The company addresses 'near-term setbacks,' while highlighting how it is positioned both 'for growth and margin expansion in the second half of 2024,' following adult-use rollout in Ohio, and to capitalize on anticipated adult-use markets in Florida, and Pennsylvania.

Trulieve Reports $303 Million in Revenue in Q2 2024 Financial Results

The company’s revenue exceeded quarterly guidance in the second quarter as it looks ahead to Ohio’s adult-use sales launch at three retail locations.

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling

Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

Jushi Holdings Inc. Refinances Existing 1st Lien Credit Facility With $48.5 Million Term Loan – Strengthening Its Capital Structure With No Debt Maturities Until 2026

Jushi Holdings Inc., a vertically integrated, multi-state cannabis operator, announced that it has completed the refinancing of its approximately $53 million senior secured credit facility due Dec. 31 through the issuance of a new $48.5 million senior secured Term Loan and use of approximately $7.4 million from cash on hand, which includes fees associated with the refinancing.

SNDL Initiates Overhead Restructuring, Operational Adjustments Impacting 106 Employees

The project is expected to deliver more than $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending.

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

Cannabist Co. Exiting Florida Cannabis Market After $19M Loss in 2023

The company is divesting three cultivation facilities, 14 dispensaries and its license in the Sunshine State. It also initiated a corporate restructuring.

Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth

Global cannabis company Canopy Growth Corporation has established an at-the-market equity program (the 'ATM Program') that allows the company to issue and sell up to US$250 million (or its Canadian dollar equivalent) of common shares of the company from treasury from time to time in concurrent public offerings in the United States and Canada.

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