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Cannabis Earnings Update: Marijuana Lenders And Top Operator To Report Results, Here's What Investors Need To Know
Thursday, October 17, 2024 - 11:28am | 753Chicago Atlantic Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) will issue its earnings and supplemental financial information for the third quarter that ended Sept. 30, 2024, before the market opens on Thursday, Nov. 7. The Chicago-based and cannabis-focused commercial mortgage real...
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Cannabis Co. Cresco Lab's Q2 Gross Profit Increases Over 9% YoY, Reports Nearly 7% Drop In Revenue
Thursday, August 8, 2024 - 11:56am | 448Cannabis producer and operator of Sunnyside dispensaries, Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) released its financial and operating results Thursday for the second quarter ended June 30, 2024. "Our Q2 results demonstrate the sustainability of the improvements we've made to the...
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Cresco Labs CEO Touts 10x Increase In Operating Cash Flow YoY As Cannabis Company Reports Q1 Results
Wednesday, May 15, 2024 - 9:25am | 465Cannabis producer Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) announced on Wednesday its financial and operating results for the first quarter ended March 31, 2024. "I want to thank the Cresco team for taking our learnings from the Year-of-the-Core, making them a part of our DNA and...
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Cannabis Co. Cresco Nearly Doubles Adjusted EBITDA YoY To $54.8M In Q4, Narrows Loss In 2023
Wednesday, March 13, 2024 - 10:59am | 694Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) announced its financial and operating results on Wednesday for the fourth quarter and year ended Dec. 31, 2023. The Chicago-based cannabis giant behind Sunnyside dispensaries reported net revenues of $188.2 in the fourth quarter, decreasing from $...
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Strong Margins And Cash Flow Drive Cresco's Q3 Performance Despite Revenue Decline
Wednesday, November 15, 2023 - 11:16am | 730Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) released its financial and operating results on Wednesday for the third quarter ended Sept. 30, 2023, revealing a 9.4% year-over-year decrease in revenue to $190.5 million. In the first quarter of fiscal 2023, the company initiated the year-...
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Cresco Labs Unlocks $32M In Non-Dilutive Capital Strengthening Overall Business
Thursday, October 19, 2023 - 9:25am | 656Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) closed the sale of its sole licensed Arizona operation (“Encanto”) to an affiliate of Mint Cannabis for an aggregate purchase price of $6.5 million in cash. In addition, the Chicago-based cannabis company has closed on a conventional...
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Columbia Care Raises $25M In Subscription Agreements To Fuel Growth Strategy
Monday, September 18, 2023 - 10:43am | 547Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) cannabis company has entered into subscription agreements with institutional investors for the purchase and sale of 22,244,210 units of the company at CA$1.52 ($1.13) per unit, for aggregate gross proceeds of roughly CA$33.8 million...
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Cresco Labs Reports Slight Sequential Improvement In Q2, YoY Drop In Revenue And Gross Profit As Net Loss Grows
Wednesday, August 16, 2023 - 9:39am | 637Cannabis company Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) reported its financial and operating results on Wednesday for the second quarter ended June 30, 2023, revealing a 2% sequential increase and 9.3% year-over-year drop in revenue to $198 million. Q2 2023 Financial Highlights...
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Columbia Care Q2 Report Reveals Profits In East Coast Market, Beats Estimates With $129.2M Revenue
Monday, August 14, 2023 - 10:04am | 696Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) (FSE: 3LP) released its second quarter financial results for the three months ended June 30, 2023, revealing $129.2 million in revenue. That's a sequential increase of 3.8% and a 0.3% decrease from the same period last year. Q2 2023 Financial...
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Cresco Labs And Columbia Care Terminate Merger, Sale Of Assets To Sean 'Diddy' Combs
Monday, July 31, 2023 - 9:47am | 470Cresco Labs (OTCQX: CRLBF) (CSE:CL) (FSE: 6CQ) and Columbia Care (OTCQX: CCHWF) (NEO:CCHW) (CSE:CCHW) announced a mutual agreement, dated July 30, 2023, to amicably terminate the definitive arrangement agreement dated March 23, 2022, as amended on February 27, 2023, pursuant to which Cresco agreed...
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Cresco Labs Q1 Revenue Declines 9.4% YoY, What About Adjusted EBITDA?
Wednesday, May 24, 2023 - 8:04am | 469Cresco Labs Inc. (OTCQX: CRLBF) (CSE:CL) (FSE:6CQ) released its financial and operating results for the first quarter ended March 31, 2023, revealing revenue of $194 million, a decrease of 9.4% compared to $214 million in Q1 2022. Q1 2023 Financial Highlights Gross profit of $86 million compared...
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Get Legal Weed At New York's Newest Pot Shop & Florida's MMJ Dispensaries That Just Opened Doors
Thursday, March 16, 2023 - 3:51pm | 728New York Gets Another Marijuana Store Run By Entrepreneur Previously Criminalized By Cannabis Prohibition New York is getting another recreational marijuana store, Gov. Kathy Hochul announced on Wednesday. Located at 119-121 East State Street in Ithaca, the Upstate New York State-based shop will...
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Cresco Labs FY22 Revenue Grows 3% To $843, What About Adjusted EBITDA?
Thursday, March 16, 2023 - 8:55am | 634Cresco Labs Inc. (OTCQX: CRLBF) (CSE:CL) (FSE:6CQ) revenue increased 3% to $843 million for the full year ended December 31, 2022. Fiscal Year 2022 Financial Highlights Gross profit of $408 million compared to $406 million in FY 2021. Gross margin of 48.4% compared to 49.5% in FY 2021....
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Shop For Legal Weed: New Stores Open In These Three States
Monday, March 6, 2023 - 4:00pm | 727New Rec Marijuana Shops Set To Open In Boston Area Massachusetts-based Blue River will open its first adult-use cannabis retail locations in the greater Boston area in the coming weeks. The new stores will feature the company's proprietary lines of solventless extracts, vapes, oral...
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Shop Legal Weed Now: New Stores Open In Two States And Canada
Wednesday, March 1, 2023 - 10:43am | 846Cresco To Hit 60 Store Milestone, Announces New Openings Cresco Labs (CSE: CL) (OTCQX: CRLBF) announced that its nationwide retail footprint will hit 60 cannabis dispensaries with the opening of its newest stores in West Palm Beach and Winter Park, Florida. These new shops expand the...