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Organigram Shares Trading Lower On Q2 FY23 Revenue Growth Of 24% YoY
Wednesday, April 12, 2023 - 7:53am | 461Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) net revenue in Q2 fiscal 2023 increased 24% to CA$39.5 million ($29.3 million), from CA$31.8 million in Q2 fiscal 2022. The increase was primarily due to an increase in international revenue, partly offset by a decrease in medical sales. Q2 FY 2023...
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Flora Growth Stock Trading Lower On 314% Annual Revenue Growth
Monday, April 3, 2023 - 10:29am | 541Flora Growth Corp. (NASDAQ: FLGC) FY 2022 revenue was $37.2 million, a 314% increase year-over-year. This was primarily driven by the House of Brands businesses. Q4 2022, revenue was $11.5 million, a 7% sequential increase from Q3 2022. FY2022 Financial Highlights Gross profit increased by 494%...
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InterCure Shares Soar On FY22 Record Revenue Of $108.3M
Monday, April 3, 2023 - 8:15am | 457InterCure Ltd. (NASDAQ: INCR) (TSX:INCR.U) (TASE:INCR) (dba Canndoc) fiscal year 2022 revenue was NIS 388.7 million ($108.3 million), an increase of 77% compared to NIS 219.7 million in 2021. Full Year 2022 Financial Highlights for Cannabis Sector Gross profit of NIS 37 million, gross margin of...
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Khiron Stock Trading Lower On Announcing Pricing Of Marketed Offering Of Units
Friday, March 24, 2023 - 10:34am | 462Khiron Life Sciences Corp. (OTCQX: KHRNF) (TSXV:KHRN) announced the pricing of its marketed public offering. Pursuant to the offering, the company will issue units of the company at a price of CA$0.05 ($0.036) per unit. Each unit will consist of one common share of the company and one common share...
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Lucy Scientific Shares Trading Higher On Asset Purchase Agreement Of Psychedelic Assets From Wesana Health
Tuesday, March 21, 2023 - 9:48am | 539Lucy Scientific Discovery Inc. (NASDAQ: LSDI) has entered into a definitive asset purchase agreement with Wesana Health Holdings Inc. (OTCQB: WSNAF). Lucy has agreed to acquire intellectual property and related assets for Wesana’s psilocybin and CBD combination investigational therapy, SANA-...
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Weedmaps Stock Trading Higher On FY22 Revenue Growth Of 11%
Friday, March 17, 2023 - 7:57am | 639WM Technology, Inc. (NASDAQ: MAPS) revenue was $215.5 million for the year ended December 31, 2022, an increase of 11% compared to $193.1 million in the prior year. Q4 2022 Financial Highlights Revenue was $49.3 million, a decrease of 9% compared to $54.2 million in the fourth quarter of 2021....
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Adastra Stock Skyrockets On Record Shipment Volume, Following The News Of Civil Lawsuit
Thursday, March 16, 2023 - 10:55am | 526Adastra Holdings Ltd. (OTCPK:XTXXF) (CSE:XTRX)(FRA:D2EP) has been served with a civil claim filed in the Supreme Court of British Columbia pursuant to the Class Proceedings Act, R.S.B.C. 1996, c. 50 alleging that the company's press release of February 22, 2023 misstated certain material facts...
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GrowGen. Stock Trading Lower On 34% FY22 Net Revenue Drop Impacted By 'The Pressures On The Broader Cannabis And Hydroponic Industries'
Thursday, March 16, 2023 - 8:23am | 692GrowGeneration Corp. (NASDAQ: GRWG) net revenue decreased $144.3 million, or 34.2%, to $278.2 million for the full year ended December 31, 2022, compared to $422.5 million for the full year ended December 31, 2021. The decline was driven primarily by a 51.6% decrease in same-store sales. Q4 2022...
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Riv Capital Stock Trading Higher On Stagnating Q3 FY23 Revenue And CEO Departing
Wednesday, March 1, 2023 - 11:19am | 647RIV Capital Inc. (OTCPK:CNPOF) (CSE:RIV) released its financial results for the three months ended December 31, 2022, revealing net revenue of $1.9 million, consistent with the previous quarter (the company did not report revenue for any reporting periods ended on or prior to March 31, 2022)....
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Innovative Industrial Properties Stock Trading Higher On Q4 Revenue Growth Of 20% YoY
Tuesday, February 28, 2023 - 8:56am | 598Innovative Industrial Properties, Inc. (NYSE: IIPR) generated total revenues of approximately $276.4 million in 2022, compared to approximately $204.6 million for 2021, an increase of 35%. During the twelve months ended December 31, 2022, IIP collected 97% of contractual rents and did not collect...
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Li Auto Shares Soar After Q4 Outperformance, Positive Guidance: Nio, XPeng Move In Sympathy
Monday, February 27, 2023 - 8:58am | 415Li Auto Inc. (NASDAQ:LI) shares were rallying on Monday after the Beijing-based electric vehicle start-up reported strong fourth-quarter revenue growth and guided to robust delivery and revenue growth for the first quarter. What Happened: Li Auto reported a 41% year-over-year jump in fourth-quarter...
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Delivra Health Stock Trading Higher On Reached Profitability
Wednesday, February 22, 2023 - 10:38am | 554Delivra Health Brands Inc. (OTCQB: DHBUF) (TSXV:DHB) (formerly, Harvest One Cannabis Inc.) released its financial and operating results for the three and six months ended December 31, 2022, revealing total net revenue from continued operations of CA$2.39 million ($1.76 million), a 37% increase...
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Canopy Growth Stock Trading Lower On $150M Registered Direct Offering
Tuesday, February 21, 2023 - 8:44am | 448Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) has entered into an agreement with an institutional investor for the purchase and sale of up to $150 million aggregate principal amount of senior unsecured convertible debentures. Pursuant to the terms of the agreement, the institutional investor...
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Forian Stock Trading Higher On Selling Its Cannabis Software Subsidiary & CEO Stepping Down
Monday, February 13, 2023 - 11:07am | 390Forian Inc. (NASDAQ: FORA) announced the sale of its cannabis software subsidiary, Bio-Tech Medical Software, Inc. (d/b/a BioTrack), to Alleaves, Inc., effective February 10, 2023, for a total purchase price of $30 million in cash, comprised of $20 million paid at closing and $10 million paid in...
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Canopy Growth Stock Drops On Q3 2023 Net Revenue Decline Of 28% YoY, Transitioning To Asset-Light Model
Thursday, February 9, 2023 - 9:27am | 716Canopy Growth Corporation (NASDAQ: CGC) (TSX:WEED) released its financial results for the third quarter ended December 31, 2022, revealing net revenue of CA$101 million ($75.4 million), a 28% decrease compared to Q3 FY2022. Q3 2023 Financial Highlights Gross margin was (2%) as compared to 7% in...