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Cannabis Co. Vireo Reports 2% YoY Revenue Growth, Secures $10M In Financing
Friday, November 15, 2024 - 12:54pm | 451Vireo Growth Inc., formerly known as Goodness Growth Holdings, (CSE:VREO) (OTCQX:VREOF) reported on Wednesday financial results for its third quarter ended Sept. 30, 2024. "Our third quarter results reflect continued solid performance across our core markets, but as we discussed anticipating last...
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California Cannabis Company Lowell Farms Reports 48% YoY Revenue Decline In Q3
Friday, November 15, 2024 - 12:49pm | 481California cannabis company Lowell Farms Inc. (OTCQX:LOWLF) announced its unaudited revenue and operating results Thursday for the third quarter of 2024, reporting net revenue of $3.2 million, down 48% from $6.2 million in the same period last year. Net revenue decreased by 8% from $3.5 million in...
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California Cannabis Co. Gold Flora: 241% QoQ Growth In Adjusted EBITDA, Narrows Net Loss By 21%
Friday, November 15, 2024 - 10:46am | 428Vertically integrated Gold Flora Corporation (CBOE: GRAM) (OTCQB:GRAM) released its financial results Thursday for the third quarter of fiscal 2024. “Amid the ongoing challenges facing the broader industry, we’ve made significant strides in positioning ourselves for long-term success,"...
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Flora Growth Quarterly Revenue Falls 28% YoY As Expenses Rise
Friday, November 15, 2024 - 10:20am | 649Flora Growth Corp. (NASDAQ:FLGC) reported Thursday after market close its financial results for the three months ended Sept. 30, 2024. disclosing revenue of $12.47 million, down from $17.32 million in the same period of last year. “As the cannabis industry continues to grow, we at Flora are...
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TILT Holdings Q3 Revenue Drops 40% YoY Due To Jupiter Hardware Business Challenges
Friday, November 15, 2024 - 9:59am | 641TILT Holdings Inc. (OTCQB:TLLTF) reported Thursday its financial and operating results for the three months ended Sept. 30, 2024, revealing revenue of $27 million, compared to $44.6 million in the prior year period. The Arizona-based cannabis company attributes the decrease in revenue to its...
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Cannabis Co. 4Front Sees Loss Narrow In Q3, Major Growth In MA, IL
Thursday, November 14, 2024 - 10:30pm | 5934Front Ventures Corp. (CSE:FFNT) (OTC:FFNTF), a U.S. multi-state cannabis operator, announced its Q3 2024 revenue Thursday of $17.1 million, down from $18.7 million in the previous quarter. The company highlighted substantial gains in Massachusetts and promising developments in Illinois as the...
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California Weed Co. Glass House Brands Reports 32% YoY Q3 Revenue Growth (UPDATED)
Thursday, November 14, 2024 - 9:51pm | 662Editor’s Note: This article has been updated to exclude references to CEO Kyle Kazan's past experience, as they were not directly relevant to the focus of the story. Vertically integrated Glass House Brands Inc. (CBOE CA: GLAS.A.U) (CBOE CA: GLAS.WT.U) (OTCQX:GLASF) (OTCQX:GHBWF) reported its...
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Agrify's Q3 Revenue Drop, $18.6M Loss Amid New Leadership
Thursday, November 14, 2024 - 9:39pm | 592Agrify Corporation (NASDAQ:AGFY), a cannabis and hemp solutions provider, reported its third quarter 2024 financial results Thursday, revealing a $1.9 million revenue, down from $3.1 million a year ago. The company posted a net loss of $18.6 million, largely driven by a $15 million change in the...
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CV Sciences Q3: Revenue Stable Amid New Launches, Financing
Thursday, November 14, 2024 - 5:53pm | 583CV Sciences, Inc. (OTCQB:CVSI), a hemp-focused wellness company, announced stable revenue in its Q3 2024 financials on Thursday. The company generated $3.9 million in revenue, a slight decline from $4.1 million in Q3 2023, yet maintained a gross margin of 46%, up from 45.1% the previous year. Q3...
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CBD Pharma Co. MediPharm: 37% Increase In Q3 International Sales, 15% YoY Revenue Growth
Thursday, November 14, 2024 - 10:37am | 514CBD-based pharmaceutical company MediPharm Labs Corp. (TSX:LABS) (OTCQB:MEDIF) (FSE: MLZ) announced its third quarter financial results Thursday for the three months ended Sept. 30, 2024. Q3 Financial Highlights Net revenue totaled CA$9.8 million ($7 million), representing a 15% increase year-over...
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Jones Soda Reports Q3 Revenue Drop, Mary Jones THC Brand Sees 264% Growth
Thursday, November 14, 2024 - 10:32am | 669Jones Soda Co. (OTCQB:JSDA) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. disclosing revenue of $4.2 million, compared to $4.5 million in the same period of 2023. The Seattle-headquartered THC-infused soda maker noted that the third-quarter revenue includes...
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CBD Pioneer Charlotte's Web Narrows Loss In Q3, Focuses On Long-Term Growth
Thursday, November 14, 2024 - 9:43am | 592Charlotte’s Web Holdings, Inc. (TSX:CWEB) (OTCQX:CWBHF) a producer of hemp-derived CBD and other botanical wellness products, reported its financial results on Thursday for the third quarter ended Sept. 30, 2024. “Our return to quarter-over-quarter growth in 2024 signals that our...
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Blüm Holdings Q3 Revenue Grows 182% YoY, Subsidiary Unrivaled Brands Files For Bankruptcy
Wednesday, November 13, 2024 - 11:43am | 706California-based cannabis retailer Blüm Holdings, Inc. (OTCQB:BLMH) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024, with revenue of $4.36 million, compared to $1.55 million in the third quarter of 2023. The company attributes the 182% increase in revenue to the...
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LEEF Brands Cannabis Co. Reports Revenue Growth, Higher Operating Expenses In Q3
Wednesday, November 13, 2024 - 9:36am | 685Cannabis operator LEEF Brands, Inc. (CSE:LEEF) (OTC:LEEEF) announced its financial results for the three months ended Sept. 30, 2024, with revenue of $6.76 million, compared to $5.67 million for the same period last year. The British Columbia-based company noted the increase in revenue was...
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AYR Wellness Q3 Revenue Flat, Net Loss Soars 160% Amid Consumer Wallet Pressure
Wednesday, November 13, 2024 - 9:17am | 594Multi-state cannabis operator AYR Wellness Inc. (OTCQX:AYRWF) reported financial results Wednesday for the third quarter ended Sept. 30, 2024, showing revenue of $114.4 million, compared to $114.3 million in the same period of 2023. "Our third quarter performance reflected ongoing macroeconomic...