Trulieve Reports First Quarter 2024 Results Demonstrating Core Business Strength and Cash Generation First quarter performance of $298 million in revenue, up 4% sequentially, and 58% gross margin Strong cash flow from operations of $139 million and free cash flow of $124 million* in Q1 2024 Definitive progress made... Read more
The Cannabist Company Reports First Quarter 2024 Results NEW YORK–(BUSINESS WIRE), May 9, 2024–The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today... Read more
First quarter 2024 revenue of $339 million, representing an increase of 2% year-over-year and adjusted gross margin(1) of 48% First quarter 2024 adjusted EBITDA(1) of $77 million, representing 23% of revenue, a 40 basis point improvement year-over-year First quarter 2024 operating cash flow from continuing operations of $46 million... Read more
The governor of Wisconsin says he’s “hopeful” that the November election will lead to Democratic control of the legislature, which will position the state to finally legalize marijuana. At a stop on his “Pothole Patrol” tour on Tuesday, Gov. Tony Evers (D) was asked about the recent vote to... Read more
States have carried out “great experiments” with marijuana legalization that have given Americans “more freedoms,” including in conservative jurisdictions, Senate Majority Leader Chuck Schumer (D-NY) says. As Schumer continues to push for cannabis banking legislation and a legalization bill he recently unveiled, the senator was asked on Wednesday whether... Read more
Green Thumb Industries Reports First Quarter 2024 Results CHICAGO and VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today reported its financial... Read more
A Pennsylvania GOP senator says the state is “getting close” to legalizing marijuana, but the job will only get done if House and Senate leaders sit down with the governor and “work it out.” At a rally organized by ResponsiblePA on Tuesday, Sens. Dan Laughlin (R), Sharif Street (D)... Read more
Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis... Read more
With the federal government moving to reschedule marijuana, a Democratic congressman has issued a new memo on cannabis reform priorities to reflect renewed “optimism for the path ahead”—laying out suggestions to advance the issue both in Congress and administratively. Rep. Earl Blumenauer (D-OR), founding co-chair of the Congressional Cannabis... Read more
South Dakota activists have officially turned in what they believe will be more than enough valid signatures to put a marijuana legalization initiative on the state’s ballot for the third time this November. South Dakotans for Better Marijuana Laws (SDBML) delivered 29,030 signatures to the secretary of state’s office... Read more