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 …
Tag: Southwest
Schwazze reports slightly rising revenue for second quarter
Medicine Man Technologies, Inc. also known as Schwazze, (OTC: SHWZ) (Cboe CA: SHWZ) released its financial results for the second quarter ending June 30, 2024. The company has yet to file formal financial statements for the first or second quarter after dismissing its auditor. Schwazze is still not current with …
TILT pivots to ‘asset-light’ model as losses mount
TILT Holdings Inc. (OTCQB: TLLTF) saw a steeper loss and sharply lower revenue for the second quarter, as it grappled with supply-chain issues in its hardware business. The Phoenix-based firm posted a net loss of $35.9 million for the quarter ending June 30, versus a loss of $26.9 million in …
Verano sees Virginia as ‘highly accretive’ – with or without rec
Since last week, Verano Holdings Corp. (OTC: VRNOF) has touted its push into new territories with acquisitions in Virginia and Arizona, a move the company hopes will offset sluggish revenue growth in its existing markets. The timing may be ideal, considering the firm is starting to face some more headwinds …