Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) announced its financial results for the fiscal year 2025 second quarter ending September 30, 2024. Total revenue fell to C$73.9 million (~$53 million) from last year’s C$82 million for the same period. The company did note that excluding net revenue from businesses divested …
Tag: Midwest
Cresco posts record cash flow despite revenue miss; projects decline ahead
Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) missed sales expectations but generated its highest-ever quarterly cash flow as it tries to clamp down on costs and make its operations more efficient these days. The Sunnyside owner said Friday its third-quarter revenue ending Sept. 30 fell to $180 million from $190.6 …
Companies aim to tackle systemic issue of unpaid bills in cannabis industry
The increasingly systemic problem in the U.S. cannabis industry of cash-strapped companies not paying their bills has led more businesses attempting to develop solutions to address the problem. Although the issue first gained headlines in the sprawling California marijuana market, it has expanded to several other states in recent months. …
Curaleaf banks on Trump, GOP support for federal cannabis reform
The nation’s largest cannabis company says it is already engaging with Donald Trump’s transition team, betting the president-elect’s pro-business stance and campaign promises could revive an industry rattled by Florida’s failed legalization bid and ongoing federal prohibition. Curaleaf Holdings’ (CURA: CA) (OTCQX: CURLF) CEO Boris Jordan revealed the early outreach …