cannabis stocks

Cronos Group Inc (NASDAQ:CRON) reported first-quarter financial results ahead of the market open Thursday. Here’s a look at the key highlights from the cannabis company’s report. Q1 Revenue: Cronos reported first-quarter revenue of $32.26 million, beating analyst estimates of $31.70...

Author’s note: this article has been updated to include more context and commentary from analysts. After months of sluggish performance, cannabis stocks finally showed signs of life. This week, the U.S. cannabis sector surged double digits, fueled by new buzz around federal reform and the...

TILT Holdings (OTC:TLLTF) is at a critical juncture as it explores divesting its plant-touching business (PTB), which generates 75% of its revenue but continues to struggle with declining margins. Massachusetts operations, contributing two-thirds of revenue, are under pressure from market...

Trulieve Cannabis Corp. (OTC:TCNNF, CSE:TRUL) executives recently purchased 26,000 shares, signaling potential confidence in the company's future. Between November 8 and 13, COO Marie Zhang, CPO Kyle Landrum, and CLO Eric Powers increased their holdings, according to a report by Beacon Securities...

Tilray Brands Inc. (NASDAQ:TLRY) faces a new shareholder lawsuit accusing the Canadian cannabis company of misleading voting practices for a second consecutive year. The legal complaint, filed on October 31, 2024 in the Delaware Court of Chancery, alleges that Tilray misled investors regarding the...

Cronos group CEO Mike Gorenstein (NASDAQ:CRON) says the cannabis industry should not rely solely on Democratic leadership for reform. Instead, he says President-elect Donald Trump is personally more open to cannabis reform than Biden, but warned against expecting rapid changes, as cannabis won...

President-elect Donald Trump nominated another cannabis legalization supporter to his cabinet. Rep. Matt Gaetz (R) of Florida is being tapped to serve as U.S. attorney general. Trump wrote on Truth Social that Gaetz "has distinguished himself in Congress through his focus on achieving desperately...

Safe 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....

Planet 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...

The cannabis market is facing heightened volatility post-election as investor concerns mount over political uncertainty and the fallout from Florida's failed legalization vote, leading to significant selloffs in top U.S. and Canadian cannabis stocks. Adult-use legalization was also rejected in...

The Cannabist Company Holdings Inc. (OTCQX:CBSTF), former Columbia Care, announced its Q3 2024 financial results, reflecting the impact of recent divestitures and a focus on reshaping its operational footprint. The quarter's results for this leading U.S. cannabis cultivator, manufacturer and...

Following Donald Trump's presidential election victory Tuesday, the cannabis sector took a sharp downturn. Here's a summary of the largest stock declines across the industry based on data from Benzinga Pro. Get Benzinga’s exclusive analysis and the top news about the cannabis industry and...

The company reported a net loss of $44 million, equivalent to $0.07 per share, with adjusted EBITDA at $75.3 million. Curaleaf Holdings, Inc. (OTC:CURLF) posted its third-quarter revenue of $331 million on Wednesday afternoon, marking a modest 1% year-over-year decline. Gross profit reached $160.5...

The cannabis market is experiencing a rough patch after election day, with many top U.S. and Canadian cannabis stocks under pressure following Donald Trump‘s victory, the prospect of a GOP-controlled Senate and Florida’s rejection of Amendment 3 that would have legalized cannabis. As of...

As the cannabis industry maneuvers through financial complexities and regulatory uncertainties, recent updates from Tilray Brands Inc. (NASDAQ:TLRY), High Tide Inc. (NASDAQ:HITI) and Glass House Brands Inc. (OTC:GLASF) offer a clear glimpse into the fiscal health and strategic pivots of these...