Tag: CBT > Multi-State Operator Cannabis Business: Page 2

Cannabis Business Financial Report

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.

August 8, 2024

Cannabis Business Financial Report

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.

August 7, 2024

Industry Headlines

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.

August 1, 2024

Industry Headlines

AYR Wellness Executive Chairman Resigns

Jonathan Sandelman stepped down from his role after serving on the company’s board since 2017. Louis Karger replaced him.

July 31, 2024

Finance

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.

July 15, 2024

Finance

Cresco Labs Reports $184M in Revenue in Q1 2024 Financial Results

'This is just the start,' says CEO Charles Bachtell, noting significant opportunities in new and potential adult-use markets such as Ohio, Florida and Pennsylvania.

May 15, 2024

Finance

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

May 15, 2024

Cannabis Business Financial Report

'Wholesale Business Growth Highlight' of MariMed Q1 2024 Financial Results, says CEO

The Massachusetts-based multistate operator began selling its products wholesale in Illinois.

May 13, 2024

Finance

Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024

The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.

May 9, 2024

Finance

Trulieve Reports $298M in Revenue for 1st Quarter 2024

The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.

May 9, 2024

Finance

Green Thumb Reports $276M Revenue for 1st Quarter 2024

The multistate cannabis company also reported more than $80 million in cash flow from operations and $31 million in net income for the quarter.

May 9, 2024

The Last Word

Cresco Labs Returns to 'Core' After Terminating Columbia Care Deal

A conversation with Greg Butler, the cannabis company’s new president, on how Cresco re-mapped its vision after the deal fell through and top goals for the year ahead.

April 26, 2024