Tag: CBT > Business Issues/ Benchmarks > Finance: Page 7

Finance

Green Thumb CEO Urges DEA to ‘Do Their Job’ for Cannabis Rescheduling

Ben Kovler’s remarks came with the company’s second quarter financial results, which featured $280 million in revenue, an 11% year-over-year increase.

August 5, 2024

Finance

SNDL Initiates Overhead Restructuring, Operational Adjustments Impacting 106 Employees

The project is expected to deliver more than $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending.

July 16, 2024

Finance

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes

The company secured funding with a 12.75% coupon and a five-year term; the net proceeds will refinance an existing term loan.

July 15, 2024

Finance

Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth

Global cannabis company Canopy Growth Corporation has established an at-the-market equity program (the 'ATM Program') that allows the company to issue and sell up to US$250 million (or its Canadian dollar equivalent) of common shares of the company from treasury from time to time in concurrent public offerings in the United States and Canada.

June 6, 2024

Finance

Acreage Announces Corporate Transactions Associated With Canopy USA Deal

The acquisition of Acreage by Canopy USA is expected to close in the first half of 2025.

June 4, 2024

Finance

Cresco Labs Reports $184M in Revenue in Q1 2024 Financial Results

'This is just the start,' says CEO Charles Bachtell, noting significant opportunities in new and potential adult-use markets such as Ohio, Florida and Pennsylvania.

May 15, 2024

Finance

AYR Wellness Reports $118M in Revenue for Q1 2024 Results

Cannabis rescheduling “validates” the company’s determination to build a “sustainable business that will win in the long-term,” CEO says.

May 15, 2024

Finance

Safe Harbor Financial Reports Year-Over-Year Net Income Increase in Q1 2024 Financial Results

CEO Sundie Seefried noted that if cannabis is reclassified as a Schedule III substance, it would result in "a material increase of capital from these businesses moved into financial institutions."

May 14, 2024

Finance

Ascend Wellness Holdings Reports $142.4M Net Revenue for Q1 2024

The multistate cannabis operator's net revenue, which excludes intercompany sales of wholesale products, increased nearly 25% year-over-year.

May 9, 2024

Finance

Trulieve Reports $298M in Revenue for 1st Quarter 2024

The Florida-based multistate operator opened three new dispensaries and attributed 4% revenue growth to higher retail traffic and average basket sizes.

May 9, 2024

Finance

SNDL Reports 1st Quarter 2024 Financial, Operational Results

The company had CA$198 million in net revenue for the three-month period as well as a record profit margin.

May 9, 2024

Finance

The Cannabist Co. Reports 1st Quarter 2024 Results

The multistate cannabis operator ended the three-month period with $122.6 million in revenue with a gross profit of $42.5 million.

May 9, 2024