Several big-name publicly traded cannabis companies in California are in obvious distress, which begs the question, how long until more of them join the conga line into receivership and bankruptcy? Last week alone, Lowell Farms (CSE: LOWL) (OTCQX: LOWLF) reported that it lost another $3.6 million in its latest quarter, …
Cannabis real estate lenders are taking markedly different approaches to troubled credit and market headwinds lately, with some aggressively restructuring loans while others maintain a wait-and-see approach, according to earnings calls over the past week. While broader real estate stocks rallied on the Federal Reserve’s latest rate cut, with the …
California-based Lowell Farms (CSE: LOWL) (OTCQX: LOWLF) this week reported a net loss of $3.6 million for the third quarter, down significantly year-over-year, but adding to its year-to-date losses, which now stand at $7.3 million. Revenue for the quarter hit $3.2 million, a year-over-year decrease of 48% from $6.2 million, …
California-based Gold Flora Corp. (CBOE: GRAM) (OTCQB: GRAM) this week reported a net loss of $18.8 million, bringing its losses for the year thus far to $56.5 million, a dramatic turnaround from a year ago, when the company reported net income of $22.9 million for the quarter and was nearly …