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

Finance

Verano Pursues Growth Opportunities Despite Industry ‘Fluctuations,’ CEO Says

The multistate operator announced a record $234 million in quarterly revenue and positive free cash flow for Q2.

August 8, 2023

Finance

No Deal: Cresco Labs, Columbia Care Call Off $2-Billion Merger

The multistate cannabis operators terminated an acquisition agreement dating back to March 2022; the Sean “Diddy” Combs deal is off, too.

July 31, 2023

Finance

Mastercard No Longer Allowing Cannabis Purchases on Debit Cards

The corporation is the latest payment processor warning financial firms not to service the cannabis industry.

July 27, 2023

Finance

Cannabis Financial Industry Group Releases Cannabis Banking Standards

The coalition published the resource to help financial institutions understand strict compliance policies as the SAFE Banking debate continues in Congress.

July 13, 2023

Finance

Where the Cresco-Columbia Care Merger Stands on Deadline Day

The multistate cannabis operators continue to work “amicably” on their definitive agreement.

June 30, 2023

The Last Word

‘Successful in Any Environment’

Colin Kelley of Merida Capital Holdings shares insights into how cannabis businesses can shift from reacting to planning ahead to withstand volatile market conditions.

June 28, 2023

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