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Avicanna Reduces Net Loss And Improves Gross Profit, Focusing On International Markets
Friday, November 15, 2024 - 2:15pm | 526Avicanna Inc. (OTCQX:AVCNF) announced its financial results Thursday for the third quarter, disclosing revenue of CA$6.27 million ($4.49 million), compared to CA$6.25 million in the same period last year. The Toronto-based cannabis company also reported improved consolidated gross margin to 57%...
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California Cannabis Company Lowell Farms Reports 48% YoY Revenue Decline In Q3
Friday, November 15, 2024 - 12:49pm | 481California cannabis company Lowell Farms Inc. (OTCQX:LOWLF) announced its unaudited revenue and operating results Thursday for the third quarter of 2024, reporting net revenue of $3.2 million, down 48% from $6.2 million in the same period last year. Net revenue decreased by 8% from $3.5 million in...
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Flora Growth Quarterly Revenue Falls 28% YoY As Expenses Rise
Friday, November 15, 2024 - 10:20am | 649Flora Growth Corp. (NASDAQ:FLGC) reported Thursday after market close its financial results for the three months ended Sept. 30, 2024. disclosing revenue of $12.47 million, down from $17.32 million in the same period of last year. “As the cannabis industry continues to grow, we at Flora are...
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TILT Holdings Q3 Revenue Drops 40% YoY Due To Jupiter Hardware Business Challenges
Friday, November 15, 2024 - 9:59am | 641TILT Holdings Inc. (OTCQB:TLLTF) reported Thursday its financial and operating results for the three months ended Sept. 30, 2024, revealing revenue of $27 million, compared to $44.6 million in the prior year period. The Arizona-based cannabis company attributes the decrease in revenue to its...
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Jones Soda Reports Q3 Revenue Drop, Mary Jones THC Brand Sees 264% Growth
Thursday, November 14, 2024 - 10:32am | 669Jones Soda Co. (OTCQB:JSDA) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. disclosing revenue of $4.2 million, compared to $4.5 million in the same period of 2023. The Seattle-headquartered THC-infused soda maker noted that the third-quarter revenue includes...
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Blüm Holdings Q3 Revenue Grows 182% YoY, Subsidiary Unrivaled Brands Files For Bankruptcy
Wednesday, November 13, 2024 - 11:43am | 706California-based cannabis retailer Blüm Holdings, Inc. (OTCQB:BLMH) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024, with revenue of $4.36 million, compared to $1.55 million in the third quarter of 2023. The company attributes the 182% increase in revenue to the...
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LEEF Brands Cannabis Co. Reports Revenue Growth, Higher Operating Expenses In Q3
Wednesday, November 13, 2024 - 9:36am | 685Cannabis operator LEEF Brands, Inc. (CSE:LEEF) (OTC:LEEEF) announced its financial results for the three months ended Sept. 30, 2024, with revenue of $6.76 million, compared to $5.67 million for the same period last year. The British Columbia-based company noted the increase in revenue was...
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AYR Wellness Q3 Revenue Flat, Net Loss Soars 160% Amid Consumer Wallet Pressure
Wednesday, November 13, 2024 - 9:17am | 594Multi-state cannabis operator AYR Wellness Inc. (OTCQX:AYRWF) reported financial results Wednesday for the third quarter ended Sept. 30, 2024, showing revenue of $114.4 million, compared to $114.3 million in the same period of 2023. "Our third quarter performance reflected ongoing macroeconomic...
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Cannabis Co. iAnthus Q3 Revenue Drops 6.1% YoY, Needs Capital 'To Continue As A Going Concern'
Wednesday, November 13, 2024 - 9:03am | 614iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCQB:ITHUF) reported its financial results Tuesday for the third quarter ended Sep. 30, disclosing revenue of $40.3 million, down 6.1% from $42.9 million in the same quarter in the prior year. The New York- and Toronto-based cannabis company reported a...
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Indigenous Cannabis Summit: Experts To Discuss Hemp, PTSD And Sustainability
Tuesday, November 12, 2024 - 10:52pm | 682The Indigenous Cannabis Industry Association (ICIA) announced the agenda for its third annual National Indigenous Cannabis Policy Summit – the first gathering of cannabis advocates in Washington, D.C. following the 2024 election. Hosted by ICIA, the summit will take place November 13-15 in...
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Prices Up 50%, Wages 'Barely Moved,' Says PharmaCann Worker And New Teamster Member
Monday, November 11, 2024 - 5:01pm | 417Workers at PharmaCann, one the largest US vertically integrated cannabis companies, joined Teamsters Local 337 after workers at Michigan’s facility voted overwhelmingly to unionize. "The cannabis industry is at the forefront of the modern labor movement, and we are incredibly excited to...
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CBD Of Denver Reports Revenue Growth, Delays Germany Spin-Off
Monday, November 11, 2024 - 10:59am | 543Cannabis company CBD of Denver (OTCPK:CBDD) reported estimated third-quarter 2024 revenue of $763,450 compared to an estimated $677,893 for the same period in 2023, and provided an update on its operations in Germany. Due to a lack of clarity in the German market, the timeline for a potential spin-...
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Leafly Holdings' 20% YoY Drop In Q3 Revenue And Customer Accounts
Friday, November 8, 2024 - 10:48am | 507Online cannabis discovery marketplace Leafly Holdings (NASDAQ:LFLY) announced its financial results Thursday for the third quarter ended Sept. 30, 2024, with revenue of $8.4 million down from $10.6 million in the Q3 2023. Leafly attributes the year-over-year revenue decline to fewer retail accounts...
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Schwazze's Q3 Preliminary Revenue Slides As Debt Grows, 2023 Financials Face Re-Audit
Friday, November 8, 2024 - 9:17am | 655Medicine Man Technologies, Inc., operating as Schwazze (OTC:SHWZ) announced its preliminary financial results Thursday for the third quarter ended Sept. 30, 2024. The Colorado-based cannabis company reported revenue of approximately $42 million, which compares to revenue of $46.75 million in the...
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Cannabis Extract Significantly Reduces Chemotherapy-Induced Vomiting, Tilray-Backed Study Reveals
Thursday, November 7, 2024 - 10:45am | 582On Thursday, Tilray Medical, a division of medical marijuana giant Tilray Brands, Inc. (NASDAQ:TLRY), announced the final results of a new scientific study, “Oral Cannabis Extract for Secondary Prevention of Chemotherapy-Induced Nausea and Vomiting (CINV).” Results showed that cannabis...