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EXCLUSIVE: 'We're Finally On The Cusp Of Something Big' — Verano CEO Sees Cannabis Rescheduling As Game-Changer
Wednesday, October 9, 2024 - 9:27am | 794"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...
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Cannabis Multi-State Operator Ayr Wellness Seeks New CEO After David Goubert's Departure: 'Next Phase Of Growth' Coming?
Thursday, September 19, 2024 - 5:15pm | 420David 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...
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Is Ayr Wellness Cannabis Stock Overvalued? Betting On Growth Despite Profitability Challenges
Tuesday, August 27, 2024 - 9:18am | 564Despite 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...
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Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform
Tuesday, May 14, 2024 - 5:32pm | 621Wedbush Securities released a report on Curaleaf Holdings, Inc. (OTC: CURLF), the largest U.S. cannabis company by market cap, raising the stock's 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation (Outperform rating). Key Financials And Rating Curaleaf's market...
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Post Cannabis Rescheduling: What's Next For Marijuana Giants? Potential $1.1B Cash Flow Boost From IRS 280E Removal
Tuesday, May 7, 2024 - 9:15am | 1135Following the recent move on the part of the DEA toward reclassifying cannabis from Schedule I to Schedule III, Zuanic & Associates hosted discussions with industry leaders to assess the impact and outline the next steps. The comprehensive review indicates there could be ...
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Ontario To Ohio: RWB's Strategic Leap Fuels Revenue Boost
Thursday, November 30, 2023 - 12:43pm | 552Red 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...
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MSOs' New Strategy: Why Top Cannabis Firms Are Leaving States
Wednesday, November 22, 2023 - 9:43pm | 666In 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...
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Cannabist Holdings' Revenue Dips But Holds Steady At $129M In Q3, Announces Stock Buyback
Tuesday, November 14, 2023 - 3:38pm | 568The 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%...
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Maryland Cannabis Sales Boosted This Company's Q3 Revenue To 13% Sequential Surge
Tuesday, November 7, 2023 - 12:04pm | 531Ascend 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...
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Cannabis Market Turbulence: Why Analyst Says Tier-2 MSOs Were October's Bright Spot
Wednesday, November 1, 2023 - 5:10pm | 615A 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...
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Curaleaf And Trulieve Lead The Pack In Tax Payments: A Look At 16 Cannabis MSOs' Liability, Income And More
Tuesday, August 1, 2023 - 10:18am | 787How 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....
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MSOs And Cannabis Rescheduling: A Safer Bet? Analyst Looks Closer At Pros And Cons
Monday, July 31, 2023 - 6:14pm | 586Will 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...
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Another Marijuana Firm Dumps A NY Cannabis Deal: Analyst Reveals Future Acquisition Targets And Their M&A Outlook
Monday, October 17, 2022 - 1:10pm | 1104Just days after Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) notified Goodness Growth Holdings, Inc. (CSE:GDNS) (OTCQX: GDNSF) of its intentions to ditch a deal to acquire the Canadian cannabis producer, Goodness Growth revealed a plan to...
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Multi-State Cannabis Operators To Sue Federal Government Over Marijuana Prohibition
Tuesday, May 31, 2022 - 2:55pm | 262The 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...
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Cannabis Banking Act Added To Other Legislation By Rep. Perlmutter, MSO Shares Rise On News
Monday, January 31, 2022 - 3:49pm | 267Rep. 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...