Tag: CBT > Business Issues/ Benchmarks > Cannabis Business Financial Report: Page 7

Cannabis Business Financial Report

Verano Announces Third Quarter 2023 Financial Results

The company delivers a record revenue of $240 million, increasing net cash provided by operating activities, and raises and tightens 2023 free cash flow guidance range to $72-76 million.

November 8, 2023

Finance

Curaleaf Executive Chairman Boris Jordan Says Company Anticipates ‘Game-Changing Catalysts’ on Horizon

The multistate cannabis operator reported $339 million in quarterly revenue with a gross profit of $146.5 million.

August 9, 2023

Finance

Trulieve on Track to Exit 2023 as ‘Leaner, Stronger’ Company, CEO Says

The multistate cannabis operator reported a quarterly revenue of $282 million with a gross profit of $142 million and a net loss of $404 million.

August 9, 2023

Finance

Ascend Wellness Remains on Track to Generate Cash From Operations for Full Year

The multistate cannabis operator reported a record quarterly revenue in Q2.

August 8, 2023

Finance

Green Thumb Reports $18M in Cash Flow From Operations Despite Paying $52M in Taxes for Q2

The multistate cannabis operator had a net income of $13.4 million attributable to the company for the second quarter.

August 8, 2023

Finance

Verano Pursues Growth Opportunities Despite Industry ‘Fluctuations,’ CEO Says

The multistate operator announced a record $234 million in quarterly revenue and positive free cash flow for Q2.

August 8, 2023

Expanding to Adult Use

Where the Nation’s 8 Largest Cannabis MSOs Are Expanding in 2023 (and Why)

We’ve seen corporate operators pulling out of California, Colorado, Oregon and Massachusetts, but which markets are they tackling now?

July 18, 2023

Cannabis Real Estate

Cannabis Sale-Leaseback Activity Muted in Q1 2023

The market for sale-leasebacks has been affected by broader industry headwinds, though there may be signs for cautious optimism.

June 22, 2023

New Jersey

Trulieve, Verano, Ascend Wellness Buckle Up for New Growth Markets

Reporting first quarter financials, CEOs from the three multistate operators are now regearing for more favorable business conditions.

May 10, 2023

Cannabis Price Compression

Curaleaf’s Boris Jordan Says New Super PAC Will Sway SAFE Banking’s Passage in 2023

The company’s executive chairman provided a timeline for the bill during an earnings call but said he’s not “predicting anything in Washington.”

May 2, 2023

Cannabis Business Financial Report

Curaleaf to Restate Certain Previously Issued 2022 and 2021 Financial Statements

The company will report minor reductions in revenue of approximately 1.25% and 0.75% for 2021 and 2022, respectively.

April 20, 2023

Cannabis Price Compression

Verano CEO Says 2023 Will Be ‘Inflection Point’ for Cannabis Industry

As smaller operators struggle to weather the industry downturn, George Archos forecasts favorable M&A deals in attractive markets.

March 31, 2023