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

Finance

Columbia Care Announces Private Placement of US$25 Million

The multistate cannabis operators is executing on the next phase of its balance sheet improvement initiatives.

September 18, 2023

Finance

Canopy Growth Seeks Bankruptcy for BioSteel Business

The embattled Canadian cannabis producer has obtained creditor protection for the business unit and plans to seek permission to sell the BioSteel assets.

September 14, 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

Finance

No Deal: Cresco Labs, Columbia Care Call Off $2-Billion Merger

The multistate cannabis operators terminated an acquisition agreement dating back to March 2022; the Sean “Diddy” Combs deal is off, too.

July 31, 2023

Finance

Mastercard No Longer Allowing Cannabis Purchases on Debit Cards

The corporation is the latest payment processor warning financial firms not to service the cannabis industry.

July 27, 2023

Finance

Cannabis Financial Industry Group Releases Cannabis Banking Standards

The coalition published the resource to help financial institutions understand strict compliance policies as the SAFE Banking debate continues in Congress.

July 13, 2023

Finance

Where the Cresco-Columbia Care Merger Stands on Deadline Day

The multistate cannabis operators continue to work “amicably” on their definitive agreement.

June 30, 2023

The Last Word

‘Successful in Any Environment’

Colin Kelley of Merida Capital Holdings shares insights into how cannabis businesses can shift from reacting to planning ahead to withstand volatile market conditions.

June 28, 2023