Industry Headlines: Page 21

Planet 13 Taps New National Marketing VP to Drive Brand Growth

Bryant Ison joins the cannabis company after working with Pepsi, Band-Aid and Clorox; he will oversee the transition of VidaCann locations in Florida.

SNDL Renews Share Repurchase Program for C$100 million

The Canada-based cannabis company can repurchase its outstanding common shares from time to time at prevailing market prices.

Massachusetts Issues Recommendations on Ground Cannabis Dust, Workplace Safety

Now identified as a hazardous chemical, licensees must inform employees about ground cannabis dust hazards.

Glass House Brands Reports Cultivation Cost of $103 Per Pound

The California cannabis company had a record-setting third quarter for its financial results.

AYR Wellness to Enter New York Cannabis Market Through Partner

Amethyst Health, a partnership between AYR Wellness and Black Star Wellness, was conditionally awarded a vertical medical license.

‘Sleepy’ Cannabis: Study to Show Cannabinol (CBN) Increases Sleep

The non-hallucinogenic marijuana constituent increases sleep in rats.

Ascend Wellness Focuses on 3 Financial Priorities Under New CEO

Appointed in August, Sam Brill said the company is focused on improving profitability, maximizing asset efficiency, and enhancing cash flow generation.

Cresco Labs Reports Success of Cash Flow, Focused Strategy With Q3 Financial Results

The cannabis company had a quarterly operating cash flow of $49 and a year-to-date operating cash flow of $103 million, an increase of 66%.

Green Thumb Industries Reports Revenue Growth, Net Income in Third Quarter 2024

The company’s financial results highlight a five-year, $150 million syndicated bank loan facility during the period.

TerrAscend Signs $10.3 Million Acquisition Agreement to Enter Ohio

The company intends to acquire additional dispensaries in Ohio, its sixth state market as a cannabis operator.

Curaleaf Secures $40 Million Revolving Credit Facility

The new revolving line of credit will support the company’s ongoing working capital needs.

Curaleaf Focuses on Global Presence to Mitigate ‘Concentration Risk,’ Chairman Says

The cannabis company reported $331 million in third-quarter revenue and an 82% year-over-year increase in international revenue.

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