Cannabis Earnings

The cannabis industry just wrapped one of the busiest earnings weeks of the quarter, with more than ten companies reporting financials—including Curaleaf, GTI, Trulieve, Verano, Cronos Group and IIPR. The results revealed a widening gulf between U.S. plant-touching operators and asset-light or...

Between Wednesday afternoon and Thursday morning, a slate of major cannabis companies reported their first quarter 2025 financial results. These included Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF), Verano Holdings (Cboe CA: VRNO) (OTCQX:VRNOF), The Cannabist Company (Cboe CA: CBST) (OTCQB:...

The cannabis industry continues to evolve at breakneck speed and this past week was no exception. From significant financial transactions to regulatory shifts and high-profile business moves, the sector saw several key developments that could shape its future. Among the biggest headlines: Vireo...

Stocks in the cannabis sector notched notable gains on Thursday, according to Benzinga Pro data, with Cronos Group (NASDAQ:CRON) up 3.82%, Verano Holdings (OTC:VRNOF) up 1.11%, Trulieve (OTC:TCNNF) up 3.37% and Green Thumb Industries (OTC:GTBIF) up 2.08%, following their respective earnings reports...

Red Light Holland Corp. (OTCQB:TRUFF) announced its financial results Friday for the three months ending Sept. 30, 2024, reporting revenue of CA$1.37 million ($998,263), up by 39.1% from CA$983,324 in the same period last year. For the six months ended Sept. 30, 2024, the company disclosed revenue...

Red White & Bloom Brands Inc. (CSE:RWB) reported its condensed interim consolidated financial statements Friday for its third quarter ended Sept. 30, 2024. Canadian cannabis company disclosed quarterly revenue of CA$21.7 million ($15.47 million) compared to CA$20.1 million in the same period...

Cannabis products company PharmaCielo Ltd. (TSXV:PCLO) (OTC:PCLOF) announced its financial and operational results on Monday for the three and nine months ended Sept. 30, 2024. The Toronto-based company said revenue for the third quarter totaled CA$1.3 million ($927,772), up from CA$352,000 in the...

POSaBIT Systems Corporation (OTCQX:POSAF), a provider of payments and point-of-sale infrastructure for the cannabis industry, reported Tuesday its financial results for the three months ended Sept. 30, 2024. Revenue for the quarter was $4.08 million, reflecting a 70% year-over-year decline...

Vertically integrated cannabis producer Cannara Biotech Inc. (TSXV:LOVE) (OTCQB:LOVFF) (FRA: 8CB0) announced its fourth quarter and full fiscal 2024 financial and operating results on Monday ended Aug. 31. The Montreal-based company revealed a 43% year-over-year revenue growth in 2024 to CA$82.2...

Innocan Pharma Corporation (OTC:INNPF), an Israel-based cannabinoids-focused pharmaceutical company, reported a 174% year-over-year revenue growth, reaching $24 million for the first nine months of 2024. Quarterly revenues rose 111% YoY to $8.6 million, driven by robust sales from its subsidiary,...

Psychedelics biotech company Enveric Biosciences (NASDAQ:ENVB) provided a corporate update and reported financial results for the third quarter ended Sept. 30, 2024. "The third quarter of 2024 was highlighted by important progress in the development of EB-003, our neuroplastogenic molecule that is...

Greenlane Holdings, Inc. (NASDAQ:GNLN) reported its financial results for the third quarter ended Sept. 30, 2024, disclosing revenue of $4 million compared to $11.8 million in the prior year period. The Florida-based cannabis company noted that beginning with its second quarter 2023 earnings...

Avicanna Inc. (OTCQX:AVCNF) announced its financial results Thursday for the third quarter, disclosing revenue of CA$6.27 million ($4.49 million), compared to CA$6.25 million in the same period last year. The Toronto-based cannabis company also reported improved consolidated gross margin to 57%...

Vertically integrated cannabis company C21 Investments Inc. (CSE:CXXI) (OTCQX:CXXIF) announced its interim unaudited financial statements and management discussion and analysis on Thursday for its second quarter ending Sept. 30, 2024. "We are pleased with the strong performance and positive...

Cannabis producer Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX:ROMJF) reported its third quarter financial results for the three months ended Sept. 30, 2024. The British Columbia-based company achieved a record net revenue of CA$13.5 million ($9.6 million) for the quarter, representing a 34% increase...