One of the few profitable multistate operators in the U.S. cannabis trade, Chicago-based Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF), is “frustrated” but undaunted by this year’s election results, including the failure of recreational marijuana in Florida. “Now that the election is over, the good news for us is that …
Nevada-based Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) this week reported a net loss of $7.4 million for the third quarter, down significantly from the $46.3 million loss during the same quarter a year ago. The company reported revenue of $32.2 million, up year-over-year by almost 30% from $24.8 …
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 …
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 …