NB Bancorp Inc. (Nasdaq: NBBK) reported a drop in third-quarter profit Thursday, despite strong growth in its cannabis banking business. Massachusetts-based bank holding company said its commercial real estate loans secured by cannabis facilities jumped by $49.1 million, or 18.3%, during the quarter to reach $317.3 million as of Sept. 30. Cannabis loans now make […]
Canadian cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) reported record third-quarter revenues on Tuesday, driven by surging international demand on its end. The company posted gross revenue of C$9.6 million for the quarter ended Aug. 31, up 27% from a year earlier. Net revenue rose 30% to C$8.5 million. Net loss for the third […]
Tilray’s net losses improved despite the disappointment in sequential revenues. Tilray Brands, Inc. (Nasdaq: TLRY)(TSX: TLRY) reported financial results for its first quarter ending August 31, 2024. Revenue increased 13% to $200 million versus $177 million in the prior year quarter. However, this was a substantial drop from the fourth quarter revenue of $229.9 million […]
