Cannabis MSOs

"We're finally on the cusp of something big," said George Archos, CEO of Verano Holdings Corp (OTC:VRNOF), during his keynote conversation with Tom Zuber on Tuesday at Benzinga’s Cannabis Capital Conference. Archos was referring to the potential rescheduling of cannabis from Schedule I to...

David Goubert has resigned as president and CEO of Ayr Wellness Inc. (CSE:AYR) (OTC:AYRWF), a Miami-based cannabis multistate operator, after less than a year in the role. Goubert, who joined the company as president in October of 2022 and took over as CEO in February 2023, is the latest in a...

Despite a tumultuous quarter, the U.S. multi-state cannabis operator (MSO) Ayr Wellness Inc. (OTC:AYRWF) has provided shareholders with a notable return over the past year. The stock, which surged an impressive 136% over the last twelve months, has recently experienced a downturn, shedding 15% of...

Red White & Bloom Brands Inc (OTC:RWBYF), a multi-state operator (MSO) based in Canada reported its financial results Thursday for the three and nine months ended September 30, 2023.  Q3 2023 Financial Highlights Revenue was CA$20.1 million ($14.8 million) Q3 2023 and CA$69.1 million for the...

In the latter half of 2023, significant shifts occurred within the cannabis industry as major multistate operators (MSOs) streamlined their operations. Companies like Florida’s Trulieve Cannabis Corp (OTCQX:TCNNF) and Chicago’s Cresco Labs Inc (OTCQX:CRLBF) have strategically exited...

The Cannabist Company Holdings Inc (OTC:CCHWF) (NEO: CBST) (FSE: 3LP), a U.S. cultivator, manufacturer, and retailer of cannabis products formerly known as Columbia Care, announced its financial results for Q3 2023 on Tuesday, reporting a revenue of $129 million for the quarter, revealing a 2.6%...

Ascend Wellness Holdings Inc (OTC:AAWH) (CSE:AAWH) reported an increase in its financial metrics on Tuesday for the third quarter ending September 30, 2023. Q3 2023 Financial Highlights The vertically integrated cannabis operator reported $141.3 million in net revenue, up 27% from the same period...

A Volatile Shift in Cannabis Markets In the wake of a significant uptick in U.S. cannabis equities in September, October witnessed a stark reversal, plunging many cannabis companies back to their pre-HHS announcement valuations. Scott Fortune, the lead analyst at Roth MKM attributes this volatility...

How are major players in the cannabis sector handling their tax obligations, and what does it reveal about their financial strategies? A recent equity report by Zuanic & Associates sheds light on the tax payments and liabilities of 16 Multi-State Operators (MSOs) in the industry during CY22....

Will the rescheduling of cannabis fuel a boom in cannabis stocks? Analysts from Z&A delve into the pros and cons of MSOs and cannabis rescheduling in their latest equity research report. Re-scheduling Vs. De-scheduling: What Is The Difference? Re-scheduling cannabis refers to the process of...

The Federal Government could be sued by a coalition of multi-state operators (MSOs) in the cannabis industry, reported Marijuana Moment last Friday. The coalition says it will sue the Feds because they believe that its marijuana policies are unconstitutional. Abner Kurtin, founder...

Rep. Ed Perlmutter (D-Colo.) has attached the SAFE Banking Act, which would allow U.S. financial institutions to do business with legal cannabis entities, as an amendment to the America Competes Act. Perlmutter made the announcement in a Tweet Friday afternoon. "Cannabis-related...

By Poseidon. The cannabis industry is at an inflection point. Essential-business status created an unexpected leap in new consumer adoption. Sales were up 40% in 2020. The results appear in nearly every sector but are most visible in the quarterly reports of the publicly traded multi-state...