Florida-based AFC Gamma (NASDAQ: AFCG) posted net income of $16.4 million for the second quarter of the year, which ended June 30, and paid a dividend to shareholders of 48 cents per common share. The cannabis sector lender, which operates as a commercial mortgage REIT, pulled in revenue of $18.3 …
Aurora Cannabis Inc. (NASDAQ: ACB) posted better-than-expected revenue and positive free cash flow in its fiscal first quarter, as the Canadian cannabis company’s focus on medical marijuana continues to pay off. The Edmonton-based firm said Wednesday it generated positive free cash flow of C$6.5 million ($4.8 million) in the quarter …
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has invested more than $60 million into this year’s recreational marijuana legalization campaign in its home state of Florida, and on Tuesday, CEO Kim Rivers used the company’s quarterly earnings call to give the initiative one more “shameless plug.” Rivers said that Florida …
The Daily Hit is a recap of the top financial news stories for Tuesday, August 6, 2024. On the Site Ohio welcomes recreational marijuana sales with excitement, celebration Earlier today, adult-use recreational cannabis went on sale at dozens of dispensaries across Ohio, nearly nine months after voters approved Issue 2. …