Maryland cannabis companies sold a total of $87.43 million worth of both medical and recreational marijuana goods in the market’s first month of adult-use sales, according to state figures. Between July 1-30, according to a breakdown from the Maryland Cannabis Administration, dispensaries sold: $51.1 million in flower $22.1 million …
Tag: Investing
Christina Lake Cannabis Weathers Distillate Price Compression
Vancouver-based Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) saw its revenues rise in the second quarter ending May 31, 2023, amid a mixed Canadian landscape, according to financial results released Tuesday. Despite market price compression in distillate, the company achieved revenue growth of 36% to $5.4 million …
TerrAscend Predicts 23% Net Revenue Growth in 2023
TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) reported net revenue of $72.1 million for its second quarter ended June 30, an increase of 12.7% year-over-year and 3.9% sequentially. It marks the seventh consecutive quarter of growth, according to preliminary and unaudited financial results released Monday. TerrAscend’s gross profit margin increased to 50.2%, …
Braxia Scientific’s Financial Struggles Overshadow Treatment Successes
Braxia Scientific Corp. (CSE: BRAX) saw its ketamine treatments rise by 26% and revenue increase by 27% over the year ending March 31, 2023, but financial statements indicate that the company’s ability to continue its operations could be in jeopardy. Braxia, which recently completed dosing in its phase 2 psilocybin …