Tag: CBT > Business Issues/ Benchmarks > Finance: Page 11

Finance

California Cannabis Sales Hit 9-Quarter Low

The world’s largest legal market has also experienced declining tax revenues for five straight quarters.

November 21, 2022

Finance

Verano Announces 3Q 2022 Financial Results

The company’s third quarter 2022 revenue increased 2% versus the prior quarter and 10% year-over-year to $228 million.

November 14, 2022

Finance

Will Biden’s Order to Review Cannabis’s CSA Scheduling Impact Publicly Traded Cannabis Companies?

Cannabis experts and publicly traded operators weigh in on the announcement’s effects on stocks last month, as well what the future could hold if cannabis is either descheduled or rescheduled from its current Schedule I status in the Controlled Substances Act.

November 1, 2022

Finance

Canopy Growth Faces Possible Delisting From Nasdaq Upon US Entrance

Company officials stated there is no assurance that Nasdaq will harmonize its general policies with SEC’s accounting guidance.

November 1, 2022

Finance

SEC Charges Canadian Cannabis Company, Former Senior Executive With Accounting Fraud

The SEC officials found the company violated the antifraud, reporting, books and records, and internal controls provisions of the federal securities laws.

October 25, 2022

Finance

Flower One’s Canadian Parent Company Has Filed for Restructuring Proceedings

Understood as the Canadian version of the U.S. bankruptcy process, Flower One Holdings’ latest move suggests significant financial problems.

October 20, 2022

Finance

The Green Organic Dutchman Will Merge With BZAM Cannabis

The resulting business is expected to be the sixth largest cannabis cultivation company in Canada.

October 19, 2022

Finance

3 Former CannTrust Executives Face Fraud, Insider Trading Charges

The lawsuit involves the Ontario Securities Commission’s first court proceedings involving a publicly traded cannabis company.

October 17, 2022

Finance

Verano Repudiates $413M Deal to Acquire Goodness Growth Holdings

Goodness officials believe that Verano has “no legal” grounds for backing out of the transaction agreement and are committing “material breaches.”

October 14, 2022

Finance

Verano Bets $5 Million to Enter Virginia Medical Market

The multistate cannabis operator entered into an agreement to acquire MedMen’s PhamaCann Virginia LLC, which has a license tied up in litigation.

October 13, 2022

Finance

TerrAscend Closes $45.5 Million Non-Brokered Debt Financing

The company’s non-dilutive financing is set to strengthen its balance sheet and fund growth initiatives.

October 12, 2022

Interviews & Opinion

Creating a Budget for 2023? Consider These Tips

Naomi Granger, founder of the National Association of Cannabis Accounting and Tax Professionals, shares key factors cannabis cultivators and retailers should consider when creating a budget for 2023.

October 12, 2022