Chicago Atlantic BDC says it has $30 million in liquidity. Chicago Atlantic BDC, Inc. (NASDAQ: LIEN), formerly Silver Spike Investment Corp. announced its financial results for the third quarter that ended September 30, 2024. Chicago Atlantic BDC reported a total investment income of $3.2 million. This was an improvement over last year’s $2.9 million. The […]
Canopy Growth says it is no longer a going concern since it can sell stock for capital raises. Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) announced its financial results for the fiscal year 2025 second quarter ending September 30, 2024. Total revenue fell to C$73.9 million (~$53 million) from last year’s C$82 million for the […]
Chicago-based Cresco Labs (CSE: CL) (OTCQX: CRLBF) missed sales expectations but generated its highest-ever quarterly cash flow as it tries to clamp down on costs and make its operations more efficient these days. The Sunnyside owner said Friday its third-quarter revenue ending Sept. 30 fell to $180 million from $190.6 million a year ago, below […]
Seattle-based Leafly Holdings Inc. (Nasdaq: LFLY) reported a net loss of just $1.1 million for the third quarter of the year, bringing its greatly reduced losses for the year to a mere $4.8 million. Losses for the company fell about 50% year-over-year from $2.2 in the third quarter last year and were down from $9 […]
Ireland-based Jazz Pharmaceuticals (Nasdaq: JAZZ), the makers of Epidiolex, reported net income in the third quarter this year of $215 million, with revenue up 9% year-over-year. That brings the company’s total net income for the year so far to $369 million on revenue of $2.9 billion. The company’s high-profile cannabis-based drug, Epidiolex, accounted for $251.5 […]
Hydrofarm maintained its full-year outlook, expecting sales to decline in the “low to high teens” percentage range. Pennsylvania-based Hydrofarm Holdings Group Inc. (Nasdaq: HYFM) financials took a hit in the third quarter as the hydroponics equipment maker continues to face pressure from oversupply issues plaguing cannabis more broadly. Revenue dropped 18.8% to $44 million, falling […]
The Zig-Zag maker now expects adjusted EBITDA of $101 million-$103 million for 2024. Turning Point Brands (NYSE: TPB) beat analyst estimates and raised its full-year outlook after reporting stronger-than-expected third-quarter results, driven by growth in its Zig-Zag papers and oral nicotine businesses. The company reported revenue of $105.6 million, ahead of the average analyst estimate […]
Scotts Miracle-Gro Company (NYSE: SMG) announced its results for the full year and fourth quarter ended September 30, 2024. Sales increased and beat analysts’ estimates, but huge losses continue to bedevil the company. Scott’s stock was plunging over 15% to lately sell near $78. Fourth Quarter Scotts reported that its net sales increased by 11% […]
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) announced its financial results for the fiscal 2025 second quarter. Total revenue rose year-over-year and the company has a positive outlook for the fiscal third quarter. Aurora Cannabis reported a total revenue of $81.1 million, a 29% increase over last year’s $63.1 million in the same period. However, […]
SNDL Inc. (NASDAQ: SNDL) reported its financial results for the third quarter of September 30, 2024, as revenue from cannabis rose and sales at the liquor stores fell. The company also noted that it was cash flow positive and had a comfortable cash position. SNDL reported total revenue in the third quarter fell 0.3% to […]
