Business

4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according…

News from: California hemp, Flora Growth, Missouri, Maine and more.The Daily Hit is a recap of the top financial news stories for Monday, October 14, 2024. On the Site Judge denies restraining order for California hemp ban Several hemp…

By Harrison Bard, CEO and co-founder, Custom Cones USA The pre-roll is not only one of the most recognizable symbols of the cannabis industry, but the pre-roll market also continues to be one of the major drivers of sales and innovation…

Tilray's net losses improved despite the disappointment in sequential revenues. Tilray Brands, Inc. (Nasdaq: TLRY)(TSX: TLRY) reported financial results for its first quarter ending August 31, 2024. Revenue increased 13% to $200 million…

California-based Lowell Farms Inc. (CSE: LOWL) (OTCQX: LOWLF) is expanding into retail, announcing Wednesday it has reached agreements to manage two Los Angeles dispensaries with an option to buy them. According to a management services…

Massachusetts cannabis regulators issued fines on Thursday to two of the state’s biggest marijuana companies – Ascend Wellness Holdings Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) and Curaleaf Holdings Inc. (CURA:CA) (TSX: CURA) (OTCQX: CURLF) –…

News from: Curaleaf, Ascend Wellness, New York, Tilray and more.The Daily Hit is a recap of the top financial news stories for Thursday, October 10, 2024. On the Site Massachusetts regulators fine Ascend Wellness, Curaleaf for ignoring…

StateHouse Holdings (CSE: STHZ) (OTCQB: STHZF) filed for bankruptcy in Canada and began receivership in the United States, the company announced this week. The vertically integrated cannabis firm, which operates 11 dispensaries across…

Many of the top cannabis industry insiders acknowledge continued difficulties in the industry today, but their outlook at the Benzinga Cannabis conference, held in Chicago this week, was far more optimistic than last year. Several themes…

New York marijuana regulators on Thursday gave the thumbs up to another 141 new adult-use cannabis company permits, and for the first time since 2015 added a new trio of vertically integrated licenses to the medical side of the industry, on…