Curaleaf Holdings Inc. Chief Executive Matt Darin said inflation impacted some of the cannabis company’s customers, but it still managed to beat its revenue target despite a wider quarterly loss. Read more
Tag: Farming
Green Thumb Industries notches eighth profitable quarter in a row in U.S. cannabis
Green Thumb Industries Inc. navigated a more uncertain economic environment and managed to beat Wall Street estimates with its eighth quarterly profit in a row. The cannabis company active in Read more
Cannabis SPAC Choice Consolidation returns money to shareholders
The CEO of SPAC Choice Consolidation Corp. said a decision by the special purpose acquisition company to return money it raised in 2021 in its initial public offering represents the Read more
Opinion: Agricultural plastic is just as harmful as ocean plastic
The first U.N. Ocean Conference in five years ended recently in Lisbon, Portugal, with Secretary-General António Guterres calling for a global commitment by businesses, governments and individuals to do more to preserve and protect Read more
Seaport Global touts discounted cannabis stocks as a recession play
Seaport Global Securities LLC analyst Sonny Randhawa on Friday launched coverage of eight U.S. cannabis companies and assigned buy ratings to all of them as an undervalued group. He predicted Read more
Short positions ease back on cannabis stocks, but shares remain deeply in the red
Short interest in cannabis stocks has fallen in a sign that investors are placing fewer bets that the sector will weaken, according to fresh numbers this week. But cannabis stocks Read more
Sundial Growers to seek shareholder approval for share consolidation
Sundial Growers Inc. SNDL, +3.43% said it planned to seek shareholder approval for a share consolidation at an upcoming annual and special meeting of shareholders on July 21. The cannabis Read more
Vita Coco partners with Diageo amid growing competition in the canned cocktail category
A partnership between Vita Coco Co. Inc. and Diageo is the latest addition to the canned cocktail craze that’s mixing hard liquor with soft drinks and other beverages. Vita Coco Read more
Black farmers’ stalled debt relief could mean ‘next wave’ of land losses
Legislation signed into law by President Joe Biden in the spring of 2021 was supposed to bring debt relief to socially disadvantaged farmers. A little over a year later, lawsuits Read more
Cannabis debt holds up better than stocks in brutal 2022
While 2022 has been devastating for cannabis stocks amid lackluster prospects for federal legalization, debt prices in some larger U.S. cannabis companies have fared relatively well, market observers said. Curaleaf Read more