THC inflation has become so pervasive that even public companies like Organigram (Nasdaq: OGI) are starting to make noise about it. “THC inflation is alive and well out in the market,” Organigram CEO Beena Goldenberg said in the company’s most recent earnings call. “… We are seeing continued higher THC, …
Number of the Week: $235
$235 – Per capita adult-use cannabis sales in Missouri’s first full year At $235 per adult resident of the state, adult-use cannabis sales in Missouri’s first full year ranks among the strongest seen in the U.S., slightly tailing the $236 in Montana’s first year. Compared to the first year sales …
Innovative Industrial Properties nets $164M in 2023
Maryland-based Innovative Industrial Properties Inc. (NYSE: IIPR) reported net income of $164.2 million for the 2023 calendar year, including $41.3 million in the fourth quarter alone. The cannabis real estate company posted a 12% year-over-year annual revenue increase to $309.5 million, with $79.2 million in revenue for the quarter that …
The Daily Hit: February 26, 2024
The Daily Hit is a recap of the top financial news stories for Feb. 26, 2024. On the Site Glass House hit with worker class action lawsuit A class action lawsuit has been filed against Glass House Brands Inc. (OTCQX: GLASF) and several of its subsidiaries, alleging that the California-based …