Ascend Wellness Holdings Inc. and Ayr Wellness Inc. posted wider losses but signaled that their businesses remain sound as they eye revenue growth ahead despite economic headwinds. Ascend Wellness AAWH, Read more
Tag: marijuana growing
Aurora Cannabis reports bigger loss than expected, but execs stick with profit target
Aurora Cannabis Inc. on Thursday reported a bigger quarterly loss and lower sales than expected, but the Canadian pot producer stuck with its target of hitting an adjusted measure of Read more
Canopy Growth, Tilray eye growth from non-cannabis drinks
Canopy Growth may be known for being one of Canada’s largest cannabis companies, but its biggest hit of the current earnings season has a different connection with grass. Canopy Growth Read more
Curaleaf earnings show legal U.S. weed sales flattening out as prices decline
U.S. cannabis producer Curaleaf Holdings Inc. on Monday reported a bigger loss than expected during its third quarter, amid what it said were “unexpected revenue impacts” in Florida and New Read more
Sean Combs seeks to boost minority representation in cannabis with $185 million deal
Cresco Labs Inc. and Columbia Care Inc. on Friday confirmed plans by rap music mogul Sean “Diddy” Combs to pay up to $185 million for licensed pot companies in New Read more
Canopy Growth stock snaps two-day winning streak after news that Nasdaq objects to plan for U.S. assets
Canopy Growth Corp. shares slid 3% Thursday to end a two-day winning streak, after the company said the Nasdaq exchange is opposed to its plan to consolidate its U.S. assets Read more
Analysts mixed on complex Canopy Growth maneuver to create Canopy USA business
Stifel analyst W. Andrew Carter reiterated a sell rating on Canopy Growth Inc. on Wednesday as he threw shade on the company’s proposal to create Canopy USA to hold its Read more
Canopy Growth speeds up U.S. entry instead of waiting until federal cannabis legalization
Canopy Growth Corp. said Tuesday it will no longer wait until federal legalization to buy three U.S. cannabis companies amid opportunities to benefit from strong growth in state-by-state cannabis sales. Read more
SEC accuses Cronos and former exec of fraud in second move in a week against a once-hyped pot stock
The Securities and Exchange Commission on Monday charged Canadian pot producer Cronos Group Inc. and a former executive with accounting fraud, accusing them of improperly booking sales and overstating revenue Read more
Green Thumb Industries to sell cannabis at Circle K gas stations in first-of-its-kind deal
Green Thumb Industries Inc. is expanding its reach from the stand-alone dispensary to space at Circle K convenience stores in Florida in what the Chicago-based company describes as a first Read more