Canadian edibles maker Indiva Limited (TSX: NDVA) reported record financials for the fourth quarter and year ending Dec. 31, 2023, as it tries to climb its way out of the red. The company posted record net revenue of $10.9 million in the fourth quarter of 2023, a 16.8% rise versus the …
First-quarter cannabis industry sales indicate seasonal lull
While cannabis has its own unique considerations, it aligns with general retail on at least one front: Cannabis retailers typically experience a drop in sales in the first quarter, with the come-down from end-of-year holiday celebrations translating to a decrease in purchases. 2024 looks to be no different. Equity analyst …
The Daily Hit: April 17, 2024
The Daily Hit is a recap of the top financial news stories for April 16, 2024. On the Site West Coast 4/20 events struggle, as East Coast events boom As new events celebrating weed’s unofficial holiday of April 20 continue to spring every year, money troubles have forced some of …