This story was republished with permission from Crain’s Cleveland Business and written by Megan Henry, Ohio Capital Journal. Marijuana advocates called bills to change Ohio’s weed laws “a slap in the face” to voters. The National Organization for the Reform of Marijuana Laws hosted a webinar last week about two bills that… …
SNDL tops revenue expectations as cannabis segments outperform
SNDL Inc. (NASDAQ: SNDL) eclipsed analyst expectations for both the fourth quarter and full year ending Dec. 31, 2024, posting record revenue figures driven primarily by strong performance on the cannabis side of things. The company reported fourth-quarter revenue of C$257.7 million, surpassing the Yahoo Finance analyst expectation of C$197.75 …
Dividends shine as cannabis company valuations tumble
Few cannabis stocks are in the position to pay dividends to shareholders, and the entire sector has seen valuations get crushed. For example, the AdvisorShares Pure US Cannabis ETF (NASDAQ: MSOS) is down 68% for the past 12 months. Yet, there are a handful of cannabis companies that do pay …
Cannabis industry’s final stretch of top-line growth: The shift to EBITDA focus
The cannabis industry, once fueled by sky-high revenue projections and aggressive expansion strategies, is undergoing a critical transformation. Investors and industry buyers are moving away from gross top-line revenue as the primary valuation metric and focusing instead on EBITDA or EBIT. This shift marks a maturation phase for the industry …