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Gold Flora's Q2: A Mixed Bag For Cannabis With EBITDA Down $2M, Margins Up To 57%
Wednesday, August 21, 2024 - 9:02am | 377Gold Flora (OTC:GRAM) reported Q2 2024 sales of $31.6 million, marking a 2% sequential decline and falling short of the estimated $34.2 million. According to a report by Zuanic & Associates, the performance of the Californian cannabis company raised concerns despite a generally positive medium-...
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Blooming: Flora Growth's First Profitable Quarter Amid Strategic Shifts
Friday, November 10, 2023 - 12:59pm | 403Global cannabis company Flora Growth Corp (NASDAQ:FLGC) announced its financial results for the quarter ended September 30, 2023. Q3 2023 Financial Highlights Revenue climbed to $17.3 million, marking a 78% increase from the previous year’s quarter. Net loss of $47.3 million compared to $39....
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Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Tuesday, October 17, 2023 - 4:53pm | 533Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially. "Q3 2023 continued our...
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Fiore Cannabis Reports First Quarterly Net Profit, Focuses On U.S. Possible Federal Legalization
Monday, November 29, 2021 - 12:20pm | 488A multi-state cannabis company Fiore Cannabis Ltd. (CSE: FIOR) (OTCQB: FIORF) released its third-quarter 2021 financial results Monday with revenues of $1.11 million, up by 101% from $550,000 in the same quarter of 2020. Increased sales from the Apex Facility and solid retail performance at...