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Software Company Springbig Banks On Loyalty Programs, Reaps $28.1M Revenue, Shrinks Net Loss With EBITDA Revival
Tuesday, March 12, 2024 - 6:22pm | 554In its latest financial disclosure on Tuesday, Springbig (OTC: SBIG), a leader in SaaS-based marketing solutions and loyalty programs, reported a modest but noteworthy revenue increase to $6.8 million -1% year-on-year growth for the fourth quarter ending December 31, 2023. This period also saw...
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Green Thumb Industries' $278M Profits, Margin And Strategic Insights Explained For Everyday Investors
Wednesday, February 28, 2024 - 7:09pm | 842Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) reported its earnings late Wednesday, revealing significant financial achievements for the fourth quarter and full year ended December 31, 2023, including increased profits, enhanced margins and an adjusted EBITDA of $326 million. Key...
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Canopy Growth Cannabis Q2 FY2024: Cost Reduction Impact On EBITDA, Debt And Margins
Thursday, November 9, 2023 - 7:14pm | 361Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) released its Q2 FY2024 financial results late Thursday. Canopy Growth Q2 FY2024 Results Net Revenue: Canopy Growth reported net revenue of $70 million, showcasing significant YoY growth. Gross Profits and Margin: The company achieved a...
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Hydroponic Giant GrowGen Faces Q3 Challenges: A Closer Look at Financial Results
Wednesday, November 8, 2023 - 9:56pm | 426While maintaining a presence in 18 states with 50 stores, Denver-based GrowGeneration Corp. (NASDAQ: GRWG) reported a 13% decrease in net sales, totaling $55.7 million. Comparable store sales dropped by 14.4% compared to the previous year. The U.S. chain of specialty hydroponic and organic garden...
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What Do EBITDA Changes, Gross Margin Insights And Sales Slump Tell Us About This Cannabis Company?
Thursday, August 31, 2023 - 8:22am | 413Vibe Growth Corporation (CSE: VIBE) (OTCQX: VIBEF), a vertically integrated cannabis company in California, released its financial results Wednesday for the three and six months ending June 30, 2023. In terms of EBITDA, the adjusted loss for Q2 2023 was $557,056, marking an improvement from...
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Cost-Efficiency Leads To Profits For This Cannabis Company: Positive Q2 2023 Results Tell The Story
Wednesday, August 30, 2023 - 12:06pm | 368Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTCQB: GWAYF), a Canadian cannabis producer, announced its Q2 2023 interim financial results Wednesday. Carl Mastronardi, president of Greenway, emphasized the company's commitment to low-cost, high-quality production. CEO Jamie D'...
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MTL Cannabis Corp's Q1 2024 Results: Net Revenue Up 121% Amid Strong Gross Profits
Monday, August 28, 2023 - 10:48am | 337MTL Cannabis Corp. (CSE: MTLC) announced its Q1 2023 financial outcomes on Monday through its subsidiary, Montréal Cannabis Médical Inc. MTL Cannabis CEO Michael Perron expressed confidence in the company's growth trajectory, driven by a robust business model and customer...
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Innocan Pharma's Q2 2023 Reports Gross Profit Growth Driven By Robust Subsidiary Sales
Monday, August 28, 2023 - 10:13am | 373Innocan Pharma Corporation (CSE: INNO)(FSE: IP4) (OTC: INNPF), a pharmaceutical technology firm specializing in innovative drug delivery platforms, reported its financial results for Q2 2023. The company's CEO, Iris Bincovich, expressed excitement about the positive trajectory and strategic...
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Will Greenlane Holdings' Cost-Trimming Counter Q2 2023 Revenue Decline?
Monday, August 14, 2023 - 11:29pm | 400Greenlane Holdings, Inc. (NASDAQ: GNLN), a global leader in cannabis accessories and vaporization products, reported its financial performance Monday for the second quarter concluding on June 30th, 2023. The company reported a decline in revenue for Q2 2023, with figures dropping to $19.6...
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'Best Q2 in Our History' Glass House Brands Reports Record Results, Gross Margin Above 50%
Monday, August 14, 2023 - 11:12pm | 538Glass House Brands Inc. (OTCQX: GLASF) (OTC: GHBWF), a vertically integrated cannabis company in the U.S., released Monday its financial results for the second quarter concluding on June 30, 2023. "The best Q2 in our history. Record cash flow, positive EBITDA," Kyle Kazan, co-founder,...
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IntelGenx Q2 2023: Revenue Decline 67%, Operating Costs Rise, What About Net Loss?
Monday, August 14, 2023 - 10:54pm | 543IntelGenx Technologies Corp. (TSX: IGX) (OTC: IGXT), a drug delivery company focused on the development and manufacturing of pharmaceutical films, reported its financial results on Monday for the second quarter ending on June 30, 2023. IntelGenx: 67% Revenue Dip, Strategic Successes - Can It...
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Clever Leaves Reports 21% Revenue Growth And 10% Gross Profit Rise In 2Q 2023
Monday, August 14, 2023 - 9:17pm | 480Clever Leaves Holdings Inc. (NASDAQ: CLVR), a multinational cannabis company, announced its financial and operational results late Monday for the second quarter ending June 30, 2023. 21% Revenue Boost The company reported a 21% year-over-year increase in revenue, driven by a remarkable...
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Surging 147%, Safe Harbor Financial Reports Q2 2023 Revenue $4.6M, Total Deposits Reach $1.1B
Monday, August 14, 2023 - 7:19pm | 413Safe Harbor Financial (NASDAQ: SHFS), a facilitator of financial services and credit solutions for the cannabis industry, release its financial results Monday for the quarter ending June 30, 2023 (Q2 2023). Safe Harbor's Q2 2023 Revenue And Operational Highlights Safe Harbor...
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Is Delta 9 Cannabis Inc.'s Q2 2023 Revenue Surge Enough To Offset Net Losses?
Monday, August 14, 2023 - 7:16pm | 382Delta 9 Cannabis Inc. (OTC: DLTNF) released its financial results Monday for the three-month period ending June 30, 2022. During the second quarter of 2022, Delta 9 reported a net loss of $(3.4) million from operations, a notable contrast to the $(0.8) million loss incurred in the same...
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Volume VS. Price: Lowell Farms Inc.'s Q2 2023 Earnings Show Volume Down 37%, Prices Up By 44%
Thursday, August 10, 2023 - 11:31pm | 508California-based cannabis company, Lowell Farms Inc. (OTC: LOWLF), reported Thursday evening its unaudited financial and operational results for the second quarter of 2023. During Q2 2023, the company's net revenue decreased by 47% to $7.0 million from $13.2 million in the same period...