This story was republished with permission from Crain’s Cleveland and written by Marcus Gilmer. Ohio will launch recreational cannabis sales early next week — possibly as early as Tuesday, Aug. 6 — as the state will issue the first necessary licenses on Monday. “We intend to issue the first set of non-medical licenses on …
C21 Investments maintains cash flow during fiscal year shift
C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) on Thursday reported financial results for its two-month stub period ending March 31, 2024, as the company transitions to a new fiscal year end. The company, which operates in Nevada, reported revenue of $4.5 million and operating cash flow of $900,000 for the …
SNDL net loss shrinks, margins up amid restructuring
Canadian cannabis and liquor retailer SNDL Inc. (Nasdaq: SNDL) reported Thursday that its second-quarter profit margins and net loss improved despite a slight dip in revenue. The company’s net revenue fell 1.6% to $228.1 million for the quarter ending June 30, down from $231.9 million a year earlier. However, gross …
Nova Cannabis’ focus on cheap prices drives revenues higher
After markets closed on Thursday, Nova Cannabis Inc. (TSX: NOVC) (OTC: NVACF) released its unaudited condensed interim consolidated financial statements for the quarter ending June 30, 2024. Nova reported that revenue increased 8.1% to C$69.2 million from C$64.0 million. The company attributed the increase to an increase in proprietary licensing …