-
TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
Thursday, August 8, 2024 - 7:12pm | 416TerrAscend 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...
-
Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
Thursday, May 9, 2024 - 8:31pm | 400TerrAscend Corp. (OTC: TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency. TerrAscend announced an increase in net revenue to $80.6 million, marking a...
-
Cannabis Stocks With Hidden Potential: A Closer Look At Attractively-Valued Tier-2 Firms
Friday, December 8, 2023 - 6:36pm | 623In a comprehensive report by Viridian Capital Advisors, the spotlight is on the valuations of companies within the U.S. cultivation and retail sector, specifically those boasting market caps ranging from $100 million to $500 million —commonly referred to as ‘Tier 2’ enterprises....
-
Detroit Issues 37 Cannabis Retail Licenses & First Consumption Lounge Is Approved
Wednesday, November 15, 2023 - 5:04pm | 627Detroit Michigan's cannabis authorities have granted licenses to 37 entrepreneurs for recreational marijuana businesses, including dispensaries and the city's first consumption lounge, reported the Detroit Free Press. Of these licenses, 13 are earmarked for...
-
New Jersey Adult-Use Cannabis Licensing Advances As TerrAscend Faces Scrutiny
Friday, October 20, 2023 - 3:11pm | 537The New Jersey Cannabis Regulatory Commission (NJ-CRC) recently made significant strides in the state's cannabis industry by granting approvals for numerous licenses. See Also: New Jerseyites Don't Mind Smelling Weed In Public, State Regulators Launch Cannabis Safety Campaign New...
-
High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
-
MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
-
NBA Hall Of Famer Chris Webber's $175M Cannabis Venture Faces Challenges, But He's Not Backing Down
Wednesday, July 26, 2023 - 5:04pm | 972"Where do the prices settle? The bottom of the ocean?" This is the problem NBA Hall of Famer and University of Michigan Fab 5 basketball star, Chris Webber, is currently facing. Webber's ambitious $175 million cannabis development in Detroit has stalled for nearly two years since it...
-
Detroit Marijuana Entrepreneurs: Another Round Of Applications For Retail Licenses Starts Soon
Tuesday, July 11, 2023 - 5:39pm | 701To boost the local cannabis industry, Detroit is preparing to accept applications for the second round of limited marijuana business licenses on August 1. What sets this round apart is that half of all licenses are reserved for "equity applicants," which includes individuals from...
-
TerrAscend Upsizes Previously Announced Offering To $20M, Closes $16M Initial Tranche
Monday, June 26, 2023 - 5:28pm | 415TerrAscend Corp. (OTCQX: TRSSF) (NASDAQ: TER) announced on June 23 that it closed the first tranche of its previously announced concurrent private placements for total gross proceeds of approximately $16 million, upsizing the offering to $20 million. A second tranche closing is scheduled for...
-
TerrAscend Q1 Revenue Soars 42.8% YoY, But Net Loss Also Higher
Thursday, May 11, 2023 - 10:57pm | 779TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) reported its financial results for the first quarter that ended March 31, 2023. "Despite a challenging environment, revenue in the first quarter increased 42.8% year-over-year, gross margins significantly improved by 420 basis points sequentially...
-
Despite Industry Headwinds, Some Cannabis MSOs Deepened Their Benches In 2022
Thursday, April 20, 2023 - 4:48pm | 369Some of America's largest multi-state operators (MSOs) experienced growth in employee headcounts in 2022, despite reports of layoffs across the cannabis industry. Companies such as Ascend Wellness Holdings (OTCQX: AAWH), TerrAscend Corp. (OTCQX: TRSSF), Ayr Wellness (OTCQX: AYRWF), and...
-
Oregon Rep. Reintroduces Small Biz Bill To Amend Tax Code For Cannabis Companies
Monday, April 17, 2023 - 5:33pm | 751Oregon Congressman Earl Blumenauer is taking another shot at passing the Small Business Tax Equity Act, a bill that aims to amend an IRS code to allow state-legal cannabis businesses to take federal tax deductions. Blumenauer, a House member who founded the Congressional Cannabis Caucus,...
-
New Mexico's Strong March Cannabis Sales While Massachusetts Sees Prices Drop Amid Sector Downturn
Tuesday, April 4, 2023 - 4:33pm | 812New Mexico Rec Sales Strong In March New Mexico's recreational cannabis industry continues making impressive progress, recording close to $301 million in sales and over $27 million in collected cannabis excise taxes in just one year since legalization, per the Albuquerque Journal....
-
Hey Investors, Canada's SEC Unveils New Senior Listing Tier For US Cannabis Companies
Monday, April 3, 2023 - 6:08pm | 608The Canadian Securities Exchange (CSE) announced a new senior tier that could benefit US cannabis companies by offering them a broader investor base and lower capital costs. The new tier will include 108 companies, 39 of which are marijuana businesses. By being on the senior tier, members will...