However, the loss was a significant improvement over the same period a year ago.
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Category: Business
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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Massachusetts cannabis market cools as prices drop, competition grows
Data from a new state report shows 62% price decrease since 2018 with western counties with the heaviest retailer concentration.
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Ohio Senate approves recreational marijuana rollback bill, measure now heads to House
Ohio Democratic lawmakers decried the Senate bill as undercutting the will of the voters.
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Green Thumb beats estimates on revenue, grows bottom line in fourth quarter
GTI posted record revenue and profits thanks to growth in key markets and new store openings.
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1933 Industries losses contract year-over-year, but company still in the red
Cultivation efficiencies and improved market valuations contributed to the financial turnaround.
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