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10 days ago
Tilray Brands reported a challenging fiscal Q3 2025 with net revenues of $186 million, demonstrating a need for strategic adjustment focusing on higher-margin products rather than sheer revenue growth. The firm aims to leverage its diversified product portfolio and international market expansion as key growth drivers, notwithstanding an overall adjusted net loss for the quarter. Read more
about 1 month ago
High Tide Inc. reported robust financial results for Q1 2025, posting a record revenue of $142.5 million, up 11% year-over-year, with a strong same-store sales growth driven by its innovative discount club model. The company emphasizes its growth potential in the Canadian market and plans strategic expansion into the German medical cannabis market. Read more
2 months ago
cbdMD reported a significant turnaround in their financial performance for the first quarter of fiscal 2025, achieving positive net income and a positive non-GAAP adjusted EBITDA for the first time in the company's history. This growth is supported by strong revenue growth, improved margins, and disciplined cost management amid ongoing strategic initiatives. Read more
3 months ago
Tilray Brands reported a strong financial performance for Q2 2025, achieving a net revenue of $211 million, driven primarily by growth in its beverage business and cannabis sector. While the company implemented significant operational improvements and cost-saving measures, it also faced challenges due to ongoing SKU rationalization. Read more
5 months ago
IM Cannabis reported a significant increase in revenue driven by accelerated growth in the German market, achieving sales of $5.8 million in Q3 2024. The company is focused on building a strong supply chain and improving operational efficiency to sustain this growth in 2025. Read more
5 months ago
WM Technology, Inc. reported net revenues of $46.6 million and adjusted EBITDA of $11.3 million for Q3 2024, marking the eighth consecutive quarter of positive adjusted EBITDA profitability. The company is cautiously optimistic about future growth potential, particularly in the cannabis and hemp markets, despite ongoing regulatory challenges. Read more
5 months ago
Cronos Group reported a record revenue of $34.3 million for Q3 2024, marking a 38% year-over-year increase, primarily driven by strong cannabis flower sales in Canada and Israel, along with international growth. The company is expanding its GrowCo facility to meet increasing demand for high-quality flower, while continuing to focus on innovative product offerings to maintain market share. Read more
5 months ago
Innovative Industrial Properties reported strong performance in Q3 2024, generating $76.5 million in total revenues and $2.25 in adjusted FFO per share. The company remains optimistic about the cannabis market's long-term growth while successfully navigating current industry challenges. Read more
5 months ago
MariMed Inc. reported a strong third quarter in 2024 with sequential and year-over-year revenue growth driven by its wholesale business, despite facing macroeconomic challenges. The company's adjusted EBITDA showed sequential improvement, and it remains optimistic about growth through new asset expansions and market strategies. Read more
5 months ago
SNDL reported robust Q3 2024 financial results with a record gross margin of 26.6% and positive free cash flow of $9.2 million. The Cannabis segments showed steady growth, driving an 8% year-over-year revenue increase despite weaker performance in the Liquor segment. Read more