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Organic Growth And Innovation Drive YoY Increase In Cannabis Producer Organigram's Q4 Revenue And Adjusted EBITDA
Tuesday, December 19, 2023 - 12:41pm | 689Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) reported on Tuesday its fourth quarter financial results for the three months ended Sept. 30., revealing an 11% year-over-year increase in net revenue to CA$161.6 million ($120.7 million). Moreover, the Canadian producer reported a 71% increase in...
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Drive-Thru Cannabis Sales Help C21: Same-Store Sales Up, But Revenue Down In Q3
Thursday, December 14, 2023 - 9:36am | 605C21 Investments Inc. (CSE:CXXI) (OTCQX:CXXIF) announced on Thursday its unaudited interim financial results for the third quarter ended Oct. 31, revealing a year-over-year and sequential decrease of 4.5% and 3.9%, respectively, in revenue to $6.9 million. However, the Vancouver-based vertically...
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Braxia Scientific's Q2 2024: Cash Burn Over But Income Low, What's Next For Psychedelics Company?
Monday, December 4, 2023 - 4:09pm | 630Ontario-based Canadian psychedelics company Braxia Scientific Corp. (OTC Pink: BRAXF) filed its interim financial statements and management discussion for the three and six months ended Sept. 30, 2023. Numbers show: Cash of $524,454 (CA$709,681) by Sept. 30, vs. $636,483 by...
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Red Light Holland, With $12M Cash Balance & Revenue Up 33%, Remains 'Confident' In Business Strategy
Wednesday, November 29, 2023 - 6:04pm | 440Canada-based all-mushroom producer Red Light Holland Corp. (OTCQB: TRUFF) filed its quarterly financial statements and management discussion and analysis for the three and six months ended Sept. 30, 2023. Numbers show: Cash and cash equivalents of $12.0 million (CA$16.4 million) by Sept. 30...
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Cannabis Company Bets On This Top Weed State Where Revenue Tripled YoY
Tuesday, November 21, 2023 - 12:25pm | 5774Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced its third quarter financial results on Monday for the three months ended Sept. 30, 2023, revealing an 18% year-over-year drop in revenue. However, in Illinois the company’s wholesale revenue nearly tripled over the same period,...
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California Cannabis Producer Reports Revenue Challenges In Q3 As Gross Margins Improve YoY
Tuesday, November 21, 2023 - 11:19am | 385Leef Brands, Inc. (CSE: LEEF) (OTC: LEEEF) announced its third-quarter results Tuesday for the three months ended Sept. 30, 2023, revealing a 19% year-over-year decrease in revenue to $5.7 million. For the nine months ended Sept. 30, 2023, revenue totaled $24.6 million, representing a year-...
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Cannabis Company's Optimization Plan Results In Over 50% YoY Increase In Adjusted EBITDA, Q3 Revenue
Thursday, November 16, 2023 - 10:14am | 916AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported its third quarter financial results on Thursday for the three months ended Sept. 30, 2023. “We continued to execute on our optimization initiatives during the quarter, as reflected by another strong period of year-over-year adjusted...
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Cybin Reports Access To $101M To Sustain Deuterated Psychedelics Programs, Q2 Numbers & 2024 Goals
Wednesday, November 15, 2023 - 4:38pm | 866Clinical-stage psychedelics biotech Cybin Inc. (NYSE: CYBN) released its financial results for second quarter ended September 30, 2023. Cash totaled $13.25 (CA$18.1) million by Sept. 30, vs. $13.17 million by August 14, $6.81 million by June 30, and $12.17 million by March 31, 2023....
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California Weed Co. Settles Debt And Celebrates Turn-Around In Q3
Wednesday, November 15, 2023 - 1:01pm | 860Unrivaled Brands, Inc. (OTCQB: UNRV) reported its third quarter financial results Tuesday for the three months ended Sept. 30, 2023, revealing an 11.4% year-over-year drop in revenue to $8.6 million. The Santa Ana, California-based company said that 94% of revenue was driven by its four...
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Defying Cannabis Market Challenges: Canadian Pot Producer Reports YoY Revenue Growth
Wednesday, November 15, 2023 - 12:48pm | 826Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported its third quarter financial results on Tuesday for the three months ended Sept. 30, 2023, revealing a 5% year-over-year increase in revenue to CA$10 million ($7.26 million). The Canadian cannabis producer also touted a sixth...
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Strong Margins And Cash Flow Drive Cresco's Q3 Performance Despite Revenue Decline
Wednesday, November 15, 2023 - 11:16am | 730Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) released its financial and operating results on Wednesday for the third quarter ended Sept. 30, 2023, revealing a 9.4% year-over-year decrease in revenue to $190.5 million. In the first quarter of fiscal 2023, the company initiated the year-...
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East Coast Drives Growth For This Cannabis Company, Narrows Q3 Net Loss By Nearly 70% YoY
Wednesday, November 15, 2023 - 10:12am | 819Acreage Holdings, Inc. (CSE: ACRG.A.U) (ACRG.B.U) (OTCQX: ACRDF) reported its financial results Tuesday for the third quarter ended Sept. 30, 2023, revealing consolidated revenue of $56.5 million, an 8% year-over-year and 2.8% quarter-over-quarter decrease. The New York-based...
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GH Research: Steady Expenses And $229M Cash Position For 2026 Runway
Tuesday, November 14, 2023 - 4:23pm | 698The clinical-stage psychedelics biotech GH Research PLC (NASDAQ: GHRS) reported its financial results for Q3 2023 ended September 30, showing: Cash, cash equivalents and other financial assets and marketable securities totaled $228.7 million by Sept. 30, compared to $251.7 million by...
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Pot Products Drive Profit For This Vape-Tech Company: Q3 Revenue Spikes YoY, Loss Narrows
Tuesday, November 14, 2023 - 4:07pm | 407Ispire Technology Inc. (NASDAQ: ISPR) reported its first quarter financial results on Tuesday, revealing a 59.1% year-over-year increase in revenue to $42.9 million in the three months ended Sept. 30, 2023. Cannabis vaping products contributed $17.3 million to revenue during the fiscal first...
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Enveric Biosciences' Revenue Drops In Q3 2023 As Next-Gen Psychedelics Advance To Clinical Trials
Tuesday, November 14, 2023 - 3:52pm | 546Enveric Biosciences (NASDAQ: ENVB), a biopharma company developing novel neuroplastogenic small-molecule therapeutics for the treatment of anxiety, depression and addiction disorders, reported its financials for Q3 2023 ended September 30, 2023, showing: Cash and cash equivalents of $4.27...