Tag: CBT > Business Issues/ Benchmarks > Finance: Page 9

Finance

Canopy Growth Announces US$30 Million Private Placement

The purpose of the offering is to provide the company with additional liquidity to further strengthen its financial position.

January 10, 2024

Finance

4Front Ventures Transforms Balance Sheet; Names New CEO

The Pheonix-based multistate cannabis operator entered into a conditional agreement with its senior secured lender.

January 9, 2024

Finance

CFIG Releases Business Guide for Cannabis Banking Options

The Cannabis Financial Industry Group published the guide to help cannabis-related businesses better assess financial institutions offering services.

December 5, 2023

Finance

MariMed Closes $58.7 Million Debt Refinancing

The 10-year term at a reduced annualized interest rate will result in a $4.7-million reduction to principal and interest expense in the first 12 months and $3.5 million annually for four years.

November 20, 2023

Finance

AYR Wellness Reports $114 Million in Revenue for Third Quarter 2023 Financial Results

The multistate cannabis operator’s revenue is up 5% year-over-year with $20 million of operating cash flow generated for the quarter.

November 16, 2023

Finance

Cresco Labs Reports $191 Million Revenue in Third Quarter 2023 Financial Results

The company continued its execution of its year-of-the-core strategy to deliver strong margin and operating cash flow gains, with elimination of over $40 million in annualized operating costs.

November 15, 2023

Finance

The Cannabist Co. Reports Third Quarter 2023 Results

The “complicated” quarter included the termination of a merger agreement with Cresco Labs and a corporate restructuring with operational changes.

November 14, 2023

Finance

Green Thumb CEO Lambastes ‘Uncle Sam’ for Cannabis Listing as 70% Americans Support Legalization

The multistate operator remains bullish on Maryland after reporting record revenue for its third-quarter earnings.

November 9, 2023

Cannabis Business Financial Report

Verano Announces Third Quarter 2023 Financial Results

The company delivers a record revenue of $240 million, increasing net cash provided by operating activities, and raises and tightens 2023 free cash flow guidance range to $72-76 million.

November 8, 2023

Finance

Verano’s Potential Launching Pad

Aaron Miles, chief investment officer for Verano, discusses how a Cboe Canada listing could propel the company to U.S. exchanges.

October 30, 2023

Finance

8 Internal Controls That Can Protect Your Cannabis Company

Established and continually tested checks and balances throughout your operation help prevent fraud, regulatory woes, litigation, and other serious threats to your business.

September 25, 2023

Finance

SAFE Banking Act’s Revised Title, Text Unveiled Ahead of Committee Markup

The eight pages of additional text primarily deal with the bill’s contentious Section 10.

September 20, 2023