Tag: ascend wellness

Cannabis Stocks Hold the All-Time Lows

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...
- November 14th, 2024 at 8:09 am

Ascend Wellness Q3 Revenue Was Flat

AWH Announces Q3 2024 Financial Results Achieved $141.6 million Net Revenue in Q3 2024 Reported $25.1 million in Adjusted EBITDA Anticipates $30 million of Annual Savings Through Transformation Initiatives...
- November 12th, 2024 at 7:20 am

Ancillary Cannabis Stocks Continue to Lead the Sector

As we described in an article released earlier, the Global Cannabis Stock Index moved lower in October, falling 6.6%. It is now up 1.4% in 2024. In this article, we summarize the...
- October 31st, 2024 at 5:02 pm

Illinois Cannabis Sales Slump In September

Illinois released sales figures for adult-use cannabis in September today. They were down 7.4% sequentially to $136.5 million. On a per-day basis, sales fell 4.3%. The year-over-year growth was -2.2%, the first...
- October 16th, 2024 at 5:02 pm

Michigan Cannabis Sales Sink

Michigan cannabis sales for September fell sequentially 9.7% from August. At $266.9 million, sales were down 2.9% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical...
- October 14th, 2024 at 4:45 pm

Illinois Cannabis Sales Growth Remains Slow

Illinois released sales figures for adult-use cannabis in July and August today. They were up 1.1% sequentially in July to $143.3 million, and they rose in August by 2.8% to $147.4 million....
- September 19th, 2024 at 6:15 pm

Michigan Cannabis Sales Rise to a Record $295 Million

Michigan cannabis sales for August rose sequentially 2.7% from July. At $295.4 million, sales were up 6.9% from a year earlier to a new record level: The Michigan Cannabis Regulatory Agency...
- September 11th, 2024 at 3:55 pm

Michigan Cannabis Sales Lift Modestly in July

Michigan cannabis sales for July rose sequentially 3.2% from June with the increase in days. At $287.7 million, sales were up 4.0% from a year earlier, the slowest annual growth in...
- August 14th, 2024 at 4:24 pm

Cannabis Q2 Earnings Season Shakes Things Up

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  the end of July,...
- August 12th, 2024 at 8:39 am

Ascend Grows Q2 Revenue 15%

AWH ANNOUNCES Q2 2024 FINANCIAL RESULTS Achieved $141.5M Net Revenue in Q2 2024, a 15% Increase Year-Over-Year Reported $28.3 million in Adjusted EBITDA, a 33% Increase Year-Over-Year Generated Positive...
- August 5th, 2024 at 7:53 am

Ancillary Cannabis Stocks Lead in July

As we described in a previous article, the Global Cannabis Stock Index moved higher in July, rising 5.9%. It is now up 12.5% in 2024. In this article, we summarize the performance...
- July 31st, 2024 at 5:22 pm

Michigan Cannabis Sales Slow

Michigan cannabis sales for June fell sequentially decreased 0.3% from May. At $278.8 million, sales, which were up from May on a per-day basis, were up 6.9% from a year earlier,...
- July 15th, 2024 at 2:44 pm

Ascend Wellness Refinances Debt

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes ~ Secures funding with 12.75% coupon and a 5-year term ~ ~ Net Proceeds to...
- July 15th, 2024 at 7:26 am

Slow Cannabis Sales Growth in Illinois in June

Illinois adult-use cannabis sales in June were down 3.1% sequentially to a  $141.8 million, which was about the same on a per-day basis from the longer May. The gain was 3.9%...
- July 5th, 2024 at 10:49 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

Illinois Cannabis Sales Remain Stalled in May

Illinois released its cannabis sales data much later than it normally does again. Illinois adult-use cannabis sales in May were up 1.2% sequentially to a  $146.2 million, which was down slightly on...
- June 27th, 2024 at 2:27 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

Michigan Cannabis Sales Slow Again

Michigan cannabis sales for May fell sequentially on a per-day basis as they increased just 0.4% from April. At $279.6 million, sales were up 13.7% from a year earlier: The Michigan...
- June 13th, 2024 at 2:34 pm

Illinois Reports April Cannabis Sales

Illinois released its cannabis sales data much later than it normally does. Illinois adult-use cannabis sales in April were down 2.9% sequentially to a  $144.5 million, which was about the same on...
- June 3rd, 2024 at 9:17 am

Michigan Cannabis Sales Slow in April

Michigan cannabis sales for April fell sequentially after rising in February and then March. At $278.6 million, sales fell 3.6% sequentially from the previous record level. The sequential growth on a...
- May 14th, 2024 at 5:17 pm

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

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