iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQB: ITHUF) reported its unaudited financial results for the second quarter ending June 30, 2024. iAnthus reported revenue rose 11.1% to $43 million versus last year’s $38.7 million. It was a sequential increase of 3.5% from the first quarter. The company also delivered a …
Tag: Southeast
The Cannabist Co. sets sights on Delaware, New Jersey & Ohio, as it exits three other markets
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 …
CNBC’s Tim Seymour takes ‘glass half full’ view of second quarter cannabis earnings
As another cannabis earnings season winds down, Green Market Report‘s Executive Editor Debra Borchardt spoke with CNBC market strategist Tim Seymour, who is also the founder and chief investment officer of Seymour Asset Management, about the overall tone of the company reports and what the results could signal about the future. …
CBD industry continues to crater amid regulatory uncertainty, price pressure
The once-booming CBD market is bracing itself for more headwinds as regulatory ambiguity and competition from unregulated products squeeze sales, according to recent earnings reports from major companies in the sector. Charlotte’s Web (TSX: CWEB) (OTCQX: CWBHF), one of the earliest pioneers in the legal CBD space, posted a 23% …