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High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
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Decoding The Cannabist Company's Brand Metamorphosis From Columbia Care, Panel At Benzinga Cannabis Conference
Tuesday, October 10, 2023 - 5:22pm | 1106“Well, there was nothing wrong here,” began Jesse Channon, chief commercial officer at The Cannabist Company Holdings Inc (OTC: CCHWF), addressing its recent rebrand from Columbia Care Inc. At the September Benzinga Cannabis Capital Conference in Chicago, Channon sat with T.L...
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MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
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Florida's Cannabis Market Shows Robust Growth: Analyst Examines Who's On The Rise Amid Changing Landscape
Friday, September 15, 2023 - 10:30am | 634The Florida cannabis market is experiencing impressive growth, setting the stage for the potential legalization of recreational use. As it stands, Florida's medical marijuana market already boasts an impressive valuation of over $1.4 billion with a remarkable volume growth rate...
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Health Dept Decision To Move Cannabis To Lower-Risk Category: Bull Case Narrative For The Industry
Thursday, August 31, 2023 - 1:45pm | 758Recent news that the Department of Health and Human Services (HHS) is recommending the reclassification of marijuana as a Schedule III drug under the Controlled Substances Act has ignited significant market reactions. On the day following the report, MSOS ETF (ARCA: MSOS) surged...
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7/10: The Other Cannabis Holiday, Get Ready With These New Vapes, Infusers And Concentrates
Thursday, July 6, 2023 - 10:38pm | 1106Welcome to Benzinga's weekly roundup of the latest cannabis product releases on the market. In anticipation of 7/10 Day, the unofficial holiday that focuses on the consumption of cannabis oil, including dabs and concentrates, Benzinga has carefully curated a selection...
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Cannabis Deal Stalls Due To Regulatory Hurdle: What's Next For Cresco, Columbia Care?
Sunday, July 2, 2023 - 1:59pm | 327Cannabis companies Cresco Labs (OTC: CRLBF) and Columbia Care (OTC: CCHWF) will not be able to finalize their proposed multibillion-dollar merger due to regulatory hurdles. The Chicago-based companies failed to meet the June 30 deadline set in their agreement. They are now working together to...
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Connecticut And Illinois Governors Support Cannabis Industry With Tax Relief Measures, Here's How
Wednesday, June 14, 2023 - 3:38pm | 576Connecticut and Illinois recently made significant moves to show their support for marijuana industries by enacting tax relief via their budget legislation. What's News? Connecticut Gov. Ned Lamont (D) signed a bill to provide state-level tax relief for licensed marijuana...
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Connecticut Lawmakers Pass Marijuana Tax Relief And Regulation Bills, Gov Lamont's Approval Expected
Thursday, June 8, 2023 - 4:35pm | 705Connecticut lawmakers took a major step toward bolstering the state's marijuana industry by advancing two bills to Gov. Ned Lamont (D) for final approval. The first, a budgetary measure that seeks to provide tax relief to licensed cannabis businesses, which are currently barred from...
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Columbia Care Brings Minority-Owned ButACake Baked Goods To Delaware Stores
Thursday, April 20, 2023 - 3:35pm | 330Cannabis cultivator Columbia Care Inc. (OTCQX: CCHWF) is collaborating with minority-owned baked goods and infused edibles company ButACake. The partnership is expected to bring ButACake's range of products, including Peanut Butter & Jelly brownies and ChocoChunk and Oatmeal Raisin cookies...
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Pioneering Women In Cannabis: Honoring Their Achievements During Women's History Month And Beyond
Friday, March 3, 2023 - 1:53pm | 1232As part of Women's History Month, we're happy to share some of the amazing and creative work being done by businesswomen who have taken the lead in the cannabis industry. Benzinga has invited these women, and many more, to the Benzinga Cannabis Capital Conference on...
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Cresco-Columbia Deal Expected To Be Finalized By End Of Q1, Analyst Looks At The Details
Monday, January 9, 2023 - 6:20pm | 739Cantor Fitzgerald's Pablo Zuanic took a close look at the scenarios and permutations of the Cresco/Columbia Care deal. Cresco announced it was acquiring its rival Columbia Care for $2.1 billion in March 2022. Once the deal is finalized, Cresco Labs will become the largest...
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Whoa, How Much? CA's Canabis Industry Owes A Quarter-Billion Dollars In Back Taxes
Friday, December 9, 2022 - 3:54pm | 658California's marijuana industry owes the state a quarter-billion dollars in unpaid taxes. According to Green Market Report, the cannabis sector "as a whole was carrying $250,410,890 in unpaid sales and cannabis taxes, out of a $4.4 billion total in taxes due.” The report cited data...
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These Are The Largest Cannabis Companies In Chicago, According To Crain's
Tuesday, December 6, 2022 - 5:13pm | 691On Monday, Crain's Chicago released a list of Chicago's largest marijuana companies. These leading cannabis industry players in the Midwest city inlcude: publicly traded Cresco Labs Inc (OTCQX: CRLBF) (CSE: CL), Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), and Green Thumb...
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Columbia Care Q3 Revenue Revenue Grows 2% To $133M
Monday, November 14, 2022 - 6:52pm | 738Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) reported its financial and operating results for the third quarter ended September 30, 2022. About Q3 2022: Quarterly Revenue of $133 Million, an Increase of 2.4% QoQ Gross Profit of $52 Million, an Increase of 2.5% QoQ Adjusted...