cannabis earnings report

Data from Benzinga Pro shows High Tide Inc. (NASDAQ:HITI) shares experienced a significant surge, gaining over 21% in the last two trading sessions, closing at $3.47 on Monday, December 2. This positive performance was reflected in a trading volume of 2,396,045 shares and a market capitalization of...

GrowGeneration Corp. (NASDAQ:GRWG), a major U.S. retailer of hydroponic and organic gardening products, reported its Q3 2024 financial results Tuesday afternoon with a mixed performance. Net sales declined 10.2% year-over-year, totaling $50 million, down from $55.7 million in the same quarter of...

Safe Harbor Financial (NASDAQ:SHFS) reported a significant turnaround in the third quarter of 2024, achieving a net income of $354,000 – a stark improvement from the $748,000 loss in the same quarter of 2023. However, total revenue declined by 20%, dropping from $4.3 million to $3.5 million....

Planet 13 Holdings Inc. (OTC:PLNH) reported Friday afternoon a strong revenue increase of 29.7% year-over-year for Q3 2024, reaching $32.2 million. The growth was fueled by the expansion into the Florida market and solid performance at its Illinois store.  Despite the revenue boost, the company...

Whether you’re a newcomer, a seasoned investor, or just curious about the cannabis industry, this guide offers a breakdown of key elements and advanced metrics to help you make informed investment decisions. Understanding these financial statements enables you to read between the lines,...

On Thursday, Rubicon Organics Inc. (OTC: ROMJF) reported a net revenue of CA$12.1 million for Q2 2024, reflecting a 7% increase from Q2 2023. However, the company’s gross profit for the quarter was CA$4.05 million, down 12% from the previous year. This means that while Rubicon Organics...

Glass House Brands (OTC: GLASF) reported a record-setting second quarter for 2024, with revenue reaching $53.9 million, marking a 21% year-over-year increase. Q2 Highlights Gross profits also saw a significant rise, hitting $28.7 million, up from $24.4 million in Q2 2023, though the gross...

GrowGeneration Corp. (NASDAQ: GRWG), a distributor of products for indoor and outdoor hydroponic and organic gardening, reported second-quarter net revenue of $53.5 million on Thursday afternoon, reflecting an 11.8% increase quarter-over-quarter. CEO Darren Lampert highlighted several key areas of...

TerrAscend Corp. (OTC: TSNDF) reported net revenue of $77.5 million for the second quarter of 2024, reflecting a 7.5% increase compared to $72.1 million in the same period in 2023. Executive chairman Jason Wild highlighted the company's material revenue and EBITDA growth, positive free cash...

Jushi Holdings Inc. (OTC: JUSHF) has announced its financial results for the second quarter ended June 30, 2024, showcasing significant operational improvements and strategic developments. The company reported a net loss of $1.9 million, a considerable improvement from a $14.0 million loss in Q2...

Curaleaf Holdings, Inc. (OTC: CURLF) announced a second-quarter revenue of $342 million, reflecting a 2% increase from the previous year. Key Financial Indicators Net Loss: Curaleaf experienced a net loss of $48.9 million for the quarter, marking a per-share loss of $0.06. Gross Profits and...

Quarterly earnings will highlight efficient operators' growing market share and building sustainable platforms. Pablo Zuanic, senior analyst at Zuanic & Associates, provides an overview of the cannabis market trends in key states ahead of the second quarter earnings season. Zuanic...

Vireo Growth Inc. (OTC: VREOF) announced its financial results for the second quarter of June 30, 2024. The cannabis company reported significant year-over-year growth in several key financial metrics. CEO Josh Rosen commented on the results: "We were pleased to recently activate recreational...

Innovative Industrial Properties, Inc. (NYSE: IIPR), a real estate company focused on the regulated U.S. cannabis industry, reported its financial results for the second quarter ended June 30, 2024. David Smith, chief financial officer, commented in a press release Monday afternoon, "IIP paid...

Cronos Group Inc., (NASDAQ: CRON) a global cannabinoid company, has reported an increase in net revenue for the first quarter of 2024. The company's net revenue surged by 30%, reaching $25.3 million, driven primarily by sales in Canada and Israel. Despite this revenue upswing, Cronos posted a...