Tag: CBT > Business Issues/ Benchmarks > Finance: Page 10

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

Florida

Trulieve CEO Sets Goal of $100 Million in Operating Cash Flow This Year

Stomping onward with the nation’s largest cannabis retail footprint, Trulieve reported $1.2 billion in revenue for 2022.

March 9, 2023

Finance

Green Thumb CEO Warns of ‘Washout’ for Cannabis Industry

The company reported $1 billion in revenue for 2022 with a net income of $12 million on a GAAP basis.

March 1, 2023

Mergers and Acquisitions

Cresco Labs, Columbia Care Delay Closing of $2-Billion Merger

The multistate operators mutually agreed to extend their proposed closing date to the second quarter of 2023.

February 27, 2023

Finance

Canopy Growth Announces $150 Million Registered Direct Offering

The agreement with an institutional investor is part of the company’s focus to accelerate an entry into the U.S. market.

February 21, 2023

Finance

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results

The company achieved $29.2 million of operating cash flow and $25.4 million of free cash flow.

January 9, 2023

Finance

TerrAscend Announces Amendment of Pennsylvania Credit Agreement

The amendment will reduce the company’s debt by $35 million and annual interest expense by $5 million.

December 21, 2022

Finance

Green Thumb Appoints New Board Member, 4 Executive Leadership Positions

The cannabis company’s expanded leadership team will take effect Jan. 1, roughly three months after three board members resigned.

December 13, 2022

Finance

TerrAscend Appoints Seasoned Finance Professional to Board

Ira Duarte joins the company’s board of directors with more than 25 years of experience in finance, accounting and auditing leadership roles.

December 2, 2022

Finance

TerrAscend Reduces Outstanding Debt by US$30 Million

The company elected to pay down $30 million of its maturing $55 million senior secured Michigan loan, refinancing the remaining $25 million.

December 1, 2022

Finance

Shryne Group Names Gregory Fink as Chief Financial Officer

Fink, who previously worked at comScore and Fannie Mae, is responsible for streamlining operations to maximize Shryne Group's profitability.

November 30, 2022

Finance

Ascend Wellness Files Registration Statement; Has Option to Issue $100M of New Securities

The multistate cannabis operator’s filing on Form C-3 contains a base shelf prospectus with the U.S. Securities and Exchange.

November 23, 2022