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

Finance

TerrAscend Closes US$25 Million Commercial Loan With Stearns Bank

The proceeds will be used to pay down higher-interest debt, reducing the company’s overall interest expense.

June 27, 2023

California

Inside the Collapse of California Distribution Giant Herbl

Stakeholders weigh in on the company’s receivership and where the market could go from here.

June 23, 2023

Finance

Canopy Growth Files Revised Proxy Statement, Modifies Canopy USA Structure to Comply With Nasdaq Requirements

The company is advancing its Canopy USA strategy, designed to accelerate entry into the U.S. cannabis market.

May 23, 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

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