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... Read more
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... Read more
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... Read more
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... Read more
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,... Read more
As we described in an article released earlier, the Global Cannabis Stock Index moved lower again in February falling 6.9%. It was down 15.2% in 2024, and it is down 13.7% so far this year. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to... Read more
Trulieve Reports Fourth Quarter and Full Year 2024 Results Highlighting Margins and Cash Flow Fourth quarter revenue of $301 million, up 5% year over year, exceeding guidance Gross margin of 62%, compared to 54% during the fourth quarter of 2023 Record 2024 cash flow from operations of $271 million... Read more
Verano Announces Fourth Quarter and Full Year 2024 Financial Results Fourth Quarter 2024 Financial Highlights Revenues, net of Discounts, of $218 million, a decrease of 8% year-over-year, and an increase of 1% versus the prior quarter. Gross profit of $108 million or 49% of revenue. SG&A expense of $84... Read more
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... Read more
CHICAGO and VANCOUVER, British Columbia, Feb. 26, 2025 (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 results for the quarter and full year ended... Read more
