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Cannabis Co. iAnthus Q3 Revenue Drops 6.1% YoY, Needs Capital 'To Continue As A Going Concern'
Wednesday, November 13, 2024 - 9:03am | 614iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCQB:ITHUF) reported its financial results Tuesday for the third quarter ended Sep. 30, disclosing revenue of $40.3 million, down 6.1% from $42.9 million in the same quarter in the prior year. The New York- and Toronto-based cannabis company reported a...
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Safe Harbor Financial's $3.3M Comeback: Turning Losses Into Profit Despite Revenue Drop
Tuesday, November 12, 2024 - 9:16pm | 407Safe Harbor Financial (NASDAQ:SHFS) reported a significant turnaround in the third quarter of 2024, achieving a net income of $354,000 – a stark improvement from the $748,000 loss in the same quarter of 2023. However, total revenue declined by 20%, dropping from $4.3 million to $3.5 million....
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Weedmaps Net Income Surges 312% YOY, Cash Reserves Up 31%
Tuesday, November 12, 2024 - 7:46pm | 628WM Technology, Inc. (NASDAQ:MAPS), a technology and software provider to the cannabis industry commonly known as Weedmaps, reported a significant improvement in its third-quarter 2024 financial performance. The company announced on Tuesday afternoon a 312% year-over-year surge in net income,...
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Ascend Wellness' 20.1% Wholesale Growth, Wider Net Loss In Q3
Tuesday, November 12, 2024 - 11:08am | 483Cannabis multi-state operator (MSO) Ascend Wellness Holdings, Inc. (CSE:AAWH) (OTCQX:AAWH) announced its financial results on Tuesday for the third quarter ended Sept. 30, 2024. During the quarter the company launched cannabis sales in Ohio in five dispensaries reporting a sales increase of over...
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Cronos Cannabis Co. Reports 38% YOY Increase In Q3 Revenue, Boosts International Sales
Tuesday, November 12, 2024 - 10:34am | 549Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) announced its 2024 third-quarter business results on Tuesday. "Our results this quarter demonstrate that our long-term strategy is working," said Mike Gorenstein, chairman, president and CEO. "With record net revenue and a disciplined approach to operating...
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Planet 13 Slashes Costs 66%: Revenue Grows, Losses Shrink — Is This The Turning Point?
Friday, November 8, 2024 - 6:50pm | 454Planet 13 Holdings Inc. (OTC:PLNH) reported Friday afternoon a strong revenue increase of 29.7% year-over-year for Q3 2024, reaching $32.2 million. The growth was fueled by the expansion into the Florida market and solid performance at its Illinois store. Despite the revenue boost, the company...
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Auxly Cannabis Co.: Q3 Net Revenue Climbs 18% YoY, Adjusted EBITDA Soars
Friday, November 8, 2024 - 1:55pm | 550Cannabis-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX:XLY) (OTCQB:CBWTF) released its financial results on Friday for the three and nine months ended Sept. 30, 2024. “Our continued focus on efficient revenue growth and enhanced profitability has delivered another...
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Cannabis Lender Chicago Atlantic Reports $3.2M In Q3 Income
Friday, November 8, 2024 - 1:20pm | 630Chicago Atlantic BDC, Inc. (NASDAQ:LIEN), a specialty finance firm focused on direct loans to middle-market and cannabis companies, announced its financial results Thursday for the third quarter ended September 30, 2024. The company highlighted a $3.2 million investment income and completed a...
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Leafly Holdings' 20% YoY Drop In Q3 Revenue And Customer Accounts
Friday, November 8, 2024 - 10:48am | 507Online cannabis discovery marketplace Leafly Holdings (NASDAQ:LFLY) announced its financial results Thursday for the third quarter ended Sept. 30, 2024, with revenue of $8.4 million down from $10.6 million in the Q3 2023. Leafly attributes the year-over-year revenue decline to fewer retail accounts...
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Canopy Growth: Q2 Net Revenue Drops 9% YoY, Projects Positive Earnings Ahead
Friday, November 8, 2024 - 9:59am | 712Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced its financial results on Friday for the second quarter of fiscal 2025, which ended Sept. 30, 2024. The Canadian cannabis giant reported a 9% year-over-year decrease in net revenue to CA$63 million ($45.4 million). Canopy said excluding net...
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Schwazze's Q3 Preliminary Revenue Slides As Debt Grows, 2023 Financials Face Re-Audit
Friday, November 8, 2024 - 9:17am | 655Medicine Man Technologies, Inc., operating as Schwazze (OTC:SHWZ) announced its preliminary financial results Thursday for the third quarter ended Sept. 30, 2024. The Colorado-based cannabis company reported revenue of approximately $42 million, which compares to revenue of $46.75 million in the...
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Green Thumb Grows Revenue To $287M In Q3, Expands Cannabis Retail Network
Thursday, November 7, 2024 - 9:56pm | 746Green Thumb Industries Inc. (OTC:GTBIF) (CSE:GTII), a cannabis consumer packaged goods company with headquarters in Chicago and owner of RISE Dispensaries, announced its financial results Thursday for the third quarter ended September 30, 2024. Q3 2024 Financial Highlights Revenue reached $287...
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Cannabis Co With Significant Growth Potential And Other Marijuana Operators Will Soon Report Earnings
Thursday, November 7, 2024 - 7:14pm | 672Ispire Technology Ispire Technology Inc. (NASDAQ:ISPR) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company’s financial results for its fiscal first quarter ended Sept. 30, 2024. According to Michael Wang, the company’s co-CEO...
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Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth
Thursday, November 7, 2024 - 2:45pm | 448Turning Point Brands, Inc. (NYSE:TPB), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced its financial results Thursday for the third quarter ended Sept. 30, 2024. The company behind Zig-Zag, a brand of rolling papers...
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Hydrofarm Holdings Q3 Results: Revenue Decline But Improved Margins And Reduced Losses
Thursday, November 7, 2024 - 11:06am | 398Hydrofarm Holdings Group (NASDAQ:HYFM) posted its Q3 2024 results, showing mixed performance with a drop in net sales but improved gross margins. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter...