Minnesota-based Vireo Growth (CSE: VREO) (OTCQX: VREOF) on Wednesday reported a net loss of $4.9 million for its third quarter, bringing its losses for the 2024 calendar year thus far to $12.3 million, despite increasing revenues. Vireo, which was formerly known as Goodness Growth Holdings, pulled in $25.1 million in …
Flora Growth Corp. (Nasdaq: FLGC) reported its financial results for the three months ending Sept. 30. Revenue for the quarter fell to $12.4 million from last year’s $17.3 million. This missed the Yahoo Finance average analyst estimate for revenue of $16.75 million. In addition to the miss and lowered revenue, …
Cannabis tax rates in California are going up. Again. The state’s 15% excise tax rate on all cannabis products is set to increase to 19% on July 1 next year, which will reportedly happen automatically unless state lawmakers intervene in the coming legislative session, which kicks off in January. The …
The Daily Hit is a recap of the top financial news stories for Tuesday, November 12, 2024. On the Site Eaze secures $10M to resurrect cannabis operations after foreclosure drama The company did not specify whether previously announced layoffs and closures would be reversed. Read more here. New York cannabis …