Organigram Reports Record Fourth Quarter and Full Year Fiscal 2022 Results Continues trend of record quarterly net revenue and positive Adjusted EBITDA while growing share of adult recreational market Q4 FISCAL 2022 FINANCIAL HIGHLIGHTS Continued record growth in net revenue, reaching $45.5 million, the highest in the history of the Company, up 83% from $24.9 […] READ MORE: https://www.newcannabisventures.com/organigram-q4-revenue-rises-19-sequentially-to-c45-5-million/
Toronto, Ontario, Oct. 28, 2022 (GLOBE NEWSWIRE) — Ayurcann Holdings Corp. (CSE: AYUR, OTCQB: AYURF, FSE: 3ZQ0) (“Ayurcann” or the “Company”), a leading Canadian cannabis extraction company specializing in the processing and co-manufacturing of pharma grade cannabis and hemp to produce various derivative cannabis 2.0 and 3.0 products in the medical and recreational market, is pleased to announce its financial and operational results for the…
TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing Non-dilutive financing to strengthen balance sheet and fund growth initiatives TORONTO, Oct. 12, 2022 /CNW/ – TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, today announced that its New Jersey and Maryland subsidiaries, TerrAscend NJ, LLC, HMS Hagerstown, LLC, HMS Processing, LLC, and HMS Health, LLC, have closed […] READ MORE: https://www.newcannabisventures.com/terrascend-borrows-45-5-million-from-pelorus-equity-group/
Cresco Labs Closes Sale-and-Leaseback with Aventine Property Group for Brookville, PA Facility CHICAGO — (Business Wire) — Cresco Labs (CSE: CL) (OTCQX: CRLBF) (“Cresco” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced that it has completed and closed on an agreement to sell its Brookville, […] READ MORE: https://www.newcannabisventures.com/cresco-labs-closes-brookville-pennsylvania-facility-sale-and-leaseback-for-45-million/
Aurora Cannabis Acquires Controlling Interest in Bevo Farms Long Term Investment Expected to Deliver Aurora Immediate Positive Cash Flow Aurora acquires a controlling interest in Bevo; one of the largest suppliers of propagated vegetables and ornamental plants in North America with proven track record of profitability Bevo will continue to be run by existing management team; robust […] READ MORE: https://www.newcannabisventures.com/aurora-cannabis-invests-c45-million-to-take-control-of-agriculture-grower/
Early this year, the Illinois Department of Revenue estimated that in the two years since it first launched its recreational cannabis market, Illinois had collected more than $500 million in cannabis taxes. Now the state is planning on using some of those funds to repair the societal harms caused by the failed war on drugs and decades of prohibition. Illinois…
HEXO Reports Third Quarter 2022 Results This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 2, 2022 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021. (All $ figures in Canadian thousands unless otherwise stated) GATINEAU, […] READ MORE: https://www.newcannabisventures.com/hexo-q3-revenue-declines-14-sequentially-to-c45-6-million/
MARYSVILLE, Ohio, June 08, 2022 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, said consumer purchases of its core lawn and garden brands surged in May with unit volume now trending towards the Company’s original assumptions […] READ MORE: https://www.newcannabisventures.com/scottsmiracle-gro-expects-hawthorne-sales-to-decline-40-45-in-fiscal-2022/
There’s no respite for Aurora Cannabis investors! It has been a terrible year for growth investors. But for cannabis investors, it has been all the more awful, and there seems to be no respite! Once hot pot stock Aurora Cannabis (TSX:ACB)(NASDAQ:ACB) fell almost 45% last week. The stock has lost more than 80% since last year and 69% in 2022. The entire cannabis…
Net Sales for Q1 2022 Zig-Zag and Stoker’s Products Increased 10.1 Percent Year-Over-Year LOUISVILLE, Ky.–(BUSINESS WIRE)– Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the first quarter ended March 31, […] READ MORE: https://www.newcannabisventures.com/turning-point-brands-zig-zag-products-q1-revenue-decreases-1-sequentially-to-45-7-million/
TORONTO, April 1, 2022 /CNW/ – Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced its financial and operational results for the fourth quarter (“Q4 2021”) and full year ended December 31, 2021 (“FYE 2021”). www.haloco.com (CNW Group/Halo Collective Inc.) Fourth Quarter 2021 Financial Highlights: Revenue of $8.4 million, up $3.2 million, or 63%, compared to $5.1 million in Q4 2020.…
Harborside Inc. Announces Closing of First Tranche of Pelorus Debt Financing and Provides a Business Update OAKLAND, Calif. and TORONTO, Feb. 10, 2022 /PRNewswire/ – Harborside Inc. (“Harborside”, or the “Company”) (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, is pleased to announce the closing of the first tranche of its previously announced US$77.3 […] READ MORE: https://www.newcannabisventures.com/harborside-closes-45-4-million-debt-with-pelorus/