The Canadian producer improved its cash position while higher expenses ate into its profitability.
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Category: Business
Trulieve, Green Thumb take different paths into hemp-THC drinks
Trulieve is betting the farm on its new hemp drinks, while GTI keeps regulatorily risky hemp operations at arm’s length.
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New York lawmakers quiz state cannabis czar, say unlicensed market still a major problem
Legislators also sought clarity on how regulators were handling supply chain challenges and the troubled social equity fund.
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Ayurcann posts 25% sales growth in second quarter, projects C$50M revenue in 2025
The Ontario-based cannabis company saw a 25% revenue jump despite still swimming in the red.
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Greenway troubles continue in Q3 quarter with another C$675k loss
However, the loss was a significant improvement over the same period a year ago.
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Cronos Group reports dramatic turnaround in 2024, ends year with $40M profit
The company said it is now focused on international expansion.
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Skymint turns a new leaf as messy receivership nears end
Skymint’s floor fell out thanks to expensive sale-leaseback deals, mismanagement and falling prices.
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Compass Pathways goes further in the red in 2024 as trial results loom
The company expects top-line data for COMP360 next quarter following October’s restructuring and fresh financing last month.
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Verano misses on fourth-quarter revenue, posts wider annual loss
The multistate operator said it will spend less in 2025 amid ongoing price pressures and retail competition.
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Trulieve beats fourth-quarter revenue estimates, sees strong margins
The Florida cannabis giant exceeded analyst expectations with fourth-quarter revenue and better profitability metrics.
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