Cannabis Company News

Cannabis Sectors Have Mixed June Performance

As we described in a previous article, the Global Cannabis Stock Index moved lower in June, falling 8.9%. It is now up 6.2% in 2024. In this article, we summarize the performance...
- June 29th, 2024 at 7:51 am

The Global Cannabis Stock Index Ends June Lower

Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA...
- June 28th, 2024 at 4:20 pm

Cannabis Stocks Have Retreated Substantially

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- June 27th, 2024 at 4:08 pm

A Bargain Cannabis Stock

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- June 20th, 2024 at 4:02 pm

A Big Round Trip

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- June 14th, 2024 at 5:25 am

This Is a Better Time to Buy Cannabis Stocks

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- June 7th, 2024 at 6:00 am

AFC Gamma Exits $84 Million Acreage Holdings Loan

AFC Gamma Successfully Exits $84.0 Million Loan to Subsidiary of Public Company H WEST PALM BEACH, Fla., June 04, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma”)...
- June 4th, 2024 at 8:30 am

May Was Rough On All Cannabis Sectors

As we described in a previous article, the Global Cannabis Stock Index sank in May, falling 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of...
- May 31st, 2024 at 5:08 pm

Global Cannabis Stock Index Plunges

Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA...
- May 31st, 2024 at 4:16 pm

Cansortium to Buy Canopy Growth Spin-Off RIV Capital

Cansortium and RIV Capital Announce Business Combination Combined Company’s footprint will provide access to Florida, New York, Texas, and Pennsylvania, with significant growth potential and future regulatory catalysts in...
- May 30th, 2024 at 10:40 am

Canopy Growth Q4 Revenue Slips Sequentially

Canopy Growth Reports Fourth Quarter and Fiscal Year 2024 Financial Results; Q4 FY2024 Net Revenue increased 7% year-over-year, or 16% excluding divested businesses Storz & Bickel® delivered its best...
- May 30th, 2024 at 7:25 am

Unexciting Earnings Season

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since  late April, when we...
- May 18th, 2024 at 11:20 am

Be Careful With Florida

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- May 17th, 2024 at 8:10 am

Cresco Labs Q1 Revenue Falls 5%

Cresco Labs Reports Continued Trend of Financial Improvement with First Quarter 2024 Financial Results Over 10x year-over-year increase in operating cash flow CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL)...
- May 15th, 2024 at 7:42 am

AYR Wellness Q1 Revenue Flat From a Year Ago

AYR Wellness Reports First Quarter 2024 Results Q1 Revenue up 3% Q/Q to $118.0 Million, Excluding Discontinued Operations Q1 GAAP Loss from Operations Improved to $2.0 Million, Excluding Discontinued...
- May 15th, 2024 at 7:11 am

Investors Should Not Dive Into Canadian Cannabis

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- May 10th, 2024 at 8:17 am

Curaleaf Q1 Revenue Growth Stalls

  First quarter 2024 revenue of $339 million, representing an increase of 2% year-over-year and adjusted gross margin(1) of 48% First quarter 2024 adjusted EBITDA(1) of $77 million, representing...
- May 9th, 2024 at 4:12 pm

Cannabist Q1 Revenue Dips

The Cannabist Company Reports First Quarter 2024 Results NEW YORK–(BUSINESS WIRE), May 9, 2024–The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or...
- May 9th, 2024 at 7:12 am

Trulieve Surpasses Analyst Estimates

Trulieve Reports First Quarter 2024 Results Demonstrating Core Business Strength and Cash Generation First quarter performance of $298 million in revenue, up 4% sequentially, and 58% gross margin Strong...
- May 9th, 2024 at 6:20 am

Green Thumb Industries Grows Revenue 11% in Q1

Green Thumb Industries Reports First Quarter 2024 Results CHICAGO and VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE:...
- May 8th, 2024 at 4:13 pm

Verano Q1 Revenue Falls

Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08,...
- May 8th, 2024 at 6:16 am

Ascend Wellness Beats Analyst Expectations in Q1

AWH ANNOUNCES Q1 2024 FINANCIAL RESULTS Achieved $142.4M Net Revenue in Q1 2024, a 25% Increase Year-Over-Year and 2% Increase Quarter-Over-Quarter Reported $32.5 million in Adjusted EBITDA, a 39%...
- May 7th, 2024 at 7:12 am

Canopy Growth Dilutes Its Stock After Big Rally

Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds C$27.5 Millon of Debt Extended from 2025 to 2029 Providing Additional Balance...
- May 3rd, 2024 at 7:44 am

A New Bull Market?

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers...
- May 2nd, 2024 at 4:16 pm