Tag: CBT > Business Issues/ Benchmarks > Finance: Page 4

Finance

Green Thumb Industries Reports Revenue Growth, Net Income in Third Quarter 2024

The company’s financial results highlight a five-year, $150 million syndicated bank loan facility during the period.

November 7, 2024

Finance

MariMed Reports $40.6 Million in Revenue for Third Quarter 2024

The cannabis company’s ‘heavy investment phase’ is complete, CEO says.

November 7, 2024

Finance

Aurora Cannabis Announces Fiscal 2025 Second Quarter Results

The company’s international revenue increased 93% to $35 million, exceeding Canadian medical revenue for the first time.

November 7, 2024

Finance

The Cannabist Co. Exits ‘Unprofitable and Underperforming’ Locations, CEO Says

The cannabis company left, or is in the process of leaving, Florida, Washington, D.C., and Boston; reported $115 million in Q3 revenue.

November 7, 2024

Finance

TerrAscend ‘Looking Forward’ to DEA’s Upcoming Cannabis Rescheduling Hearing, Chairman Says

The company reported ninth consecutive quarter of positive cash flow from continuing operations in Q3 2024.

November 7, 2024

Industry Headlines

Curaleaf Secures $40 Million Revolving Credit Facility

The new revolving line of credit will support the company’s ongoing working capital needs.

November 7, 2024

Finance

Curaleaf Focuses on Global Presence to Mitigate ‘Concentration Risk,’ Chairman Says

The cannabis company reported $331 million in third-quarter revenue and an 82% year-over-year increase in international revenue.

November 7, 2024

Finance

Verano Remains Optimistic on ‘Ability to Succeed in the Current Environment,’ CEO Says

The company announced $217 million in revenue and a net loss of $43 million for its third quarter financial results.

November 7, 2024

Finance

Canopy Growth Makes Early Prepayment, Reducing Term Loan by US$100 Million

The Canadian cannabis company’s prepayment improves its balance sheet and ensures a maturity extension to at least December 2026.

October 18, 2024

Finance

Green Thumb Industries Announces $50 Million Share Repurchase Program

The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.

September 16, 2024

Finance

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

September 12, 2024

Finance

Ascend Wellness Holdings Removes CEO, Terminates CFO

The cannabis company appointed board Director Samuel Brill to replace John Hartman as CEO. The company also appointed a new president and CFO.

August 27, 2024