cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBD-PA) announced its financial results for our third quarter of fiscal 2024 ending June 30, 2024. Total sales fell 15% to $5.1 million from last year’s $6.4 million, but cbdMD noted that sales were up 18% sequentially. cbdMD reported a net income of …
Colorado-based SHF Holdings Inc., which does business as Safe Harbor Financial (Nasdaq: SHFS) reported net income of $900,000 for the second quarter, down from $2 million in the first quarter but a vast year-over-year improvement from last year’s second quarter loss of $17.6 million. Year-over-year revenue for the quarter dipped …
Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) reported a 22% drop in net revenue for the second quarter, as the Canadian cannabis producer continues to face more competition. The company’s net revenue fell to C$22.1 million for the quarter ending June 30, down from C$28.5 million in the same …
Cannabis operators are no as focused on having the biggest footprint in U.S. cannabis anymore; instead, they want to have the smartest. That’s the general motive for The Cannabist Company Holdings Inc. (CBST:CA) (OTCQX: CBSTF) to exit or downsize operations in three of the 14 U.S. marijuana markets where it …