Another Warning to Cannabis Investors

MJ Shareholders — Thu, 20 Mar 2025 13:29:28 +0000

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by email as we did in […]

PharmaCann Fails to Pay Rent Again

MJ Shareholders — Mon, 17 Mar 2025 15:31:02 +0000

Large cannabis REIT Innovative Industrial Properties (NYSE: IIPR) reported this morning that its largest tenant, PharmaCann, failed to pay rent again. Recall that it had issued a press release on 12/20 that detailed the initial default. Near the end of January, it reported a default resolution, though it warned that the company needed to refinance […]

Cannabis Investors Should Consider Having a Drink

MJ Shareholders — Thu, 13 Mar 2025 21:30:34 +0000

Ascend Beats Expectations in Q4

MJ Shareholders — Thu, 13 Mar 2025 01:29:00 +0000

AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Full Year 2024 Net Revenue Increased 8% Year-over-Year to $562 million Full Year 2024 Adjusted EBITDA¹ Increased 9% Year-over-Year to $116 million Second Full Year of Positive Cash from Operations and Positive Free Cash Flow² Company Ended Q4 2024 with $88 Million of Cash and […]

Cresco Labs Q4 Revenue and Profitability Slip

MJ Shareholders — Thu, 13 Mar 2025 01:29:00 +0000

Cresco Labs’ Disciplined Strategy Drives Record Cash Flow in 2024 Financial Results Record full year operating cash flow of $132 million, an increase of 126% from the prior year period CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“ Cresco Labs ” or the “ Company ”), the industry leader in branded […]

Get Ready For More Problems in Florida

MJ Shareholders — Sat, 08 Mar 2025 01:29:05 +0000

Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active patient count, a qualified physician count, new dispensary approvals and an update for each operator. That data includes the number of dispensaries and the unit sales […]

Incredible Cannabis Stock Crunch

MJ Shareholders — Thu, 06 Mar 2025 19:28:10 +0000

Curaleaf Q4 Revenue Shrinks

MJ Shareholders — Mon, 03 Mar 2025 21:28:57 +0000

Curaleaf Reports Fourth Quarter and Full Year 2024 Results Fourth quarter 2024 total revenue of $331 million Fourth quarter 2024 International revenue of $31 million Fourth quarter adjusted gross margin(1) of 48% Full year operating cash flow from continuing operations of $163 million and free cash flow from continuing operations of $70 million STAMFORD, Conn., […]

Another C$41.5 Million Invested in Organigram

MJ Shareholders — Mon, 03 Mar 2025 11:28:18 +0000

Organigram Closes Third Tranche of Previously Announced BAT Private Placement Investment March 03, 2025 TORONTO–(BUSINESS WIRE)– Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “ Company ” or “ Organigram ”), a leading licensed producer of cannabis, announced today that on February 28, 2025, the Company closed the third and last of three tranches (the […]

Cannabis Stocks Extend the Big Decline

MJ Shareholders — Sat, 01 Mar 2025 09:28:43 +0000

Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile in 2024. The index dropped 7.5% in December to push the yearly close down 15.2% for the year and had a bad start in 2025. It posted a new all-time low on the last day of February, when the index fell 6.9% to […]

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