Author: NCV Newswire

[ad_1] Scotts Miracle-Gro Reports Second Quarter Results Strong first half 2024 execution has Company on pace for full-year targets U.S. Consumer second quarter net sales of $1.38B equal record high Q2 2024 GAAP gross margin of 30.4% and non-GAAP adjusted gross margin of 35.3% reflect 350 and 60 basis point improvements, respectively Strong free cash flow delivers net leverage of 6.95x, well below covenant maximum Q2 2024 GAAP EPS of $2.74; non-GAAP Adjusted EPS of $3.69 are ahead of plan Teams driving consumer engagement in Q3 representing 60 percent of seasonal POS MARYSVILLE, Ohio, May 01, 2024 (GLOBE NEWSWIRE) —…

[ad_1] As we described in a previous article, the Global Cannabis Stock Index exploded higher in April, rallying 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and Canadian Cannabis LP Index. The index that has been the strongest since the DEA was asked by the Department of Health & Human Services in late August to reschedule cannabis has been very volatile since then. This month, two indices rose and one fell.…

[ad_1] Curaleaf Completes Acquisition of Northern Green Canada Bolsters Company’s Advantage in Several Key Emerging Markets, including Australia, New Zealand, Germany, Poland and the United Kingdom NEW YORK, April 22, 2024 /PRNewswire/ — Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) (“Curaleaf” or the “Company”), a leading international provider of consumer cannabis products, announced today the closing of its acquisition of Northern Green Canada (“NGC”), a vertically integrated Canadian licensed cannabis producer focused primarily on expanding in the international market through its EU-GMP certification. The accretive acquisition amplifies the Company’s strategic advantage in established European markets including Germany, Poland and the…

[ad_1] Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S.1 with 4.5% Craft Beer Market Share Global Cannabis Net Revenue Increases 33% with International Cannabis Growth of 44% Over the Prior Year Quarter, #1 Market Share in Canada and #1 Market Share in Germany U.S. Cannabis Strategy in Place to Strike with Potential Drug Policy Reform Conference Call to be Held at 8:30 a.m. ET Today…

[ad_1] AUXLY ANNOUNCES COMPLETION OF CONVERSION OF OVER $123 MILLION OF PRINCIPAL AND INTEREST UNDER IMPERIAL DEBENTURE Imperial Brands plc converts over $123 million in total debt to shares resulting in 19.8% ownership TORONTO, April 1, 2024 /PRNewswire/ – Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) (“Auxly” or the “Company”) a leading consumer packaged goods company in the cannabis products market, is pleased to announce the completion of the conversion of $123.4 million of principal and accrued interest under the 4.00% unsecured convertible debenture of the Company due September 25, 2026 (the “Debenture”) and the amendment to the amended…

[ad_1] As we described in a previous article, the Global Cannabis Stock Index soared again in March, rallying 19.5%. It is now up 26.0% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and Canadian Cannabis LP Index. The one that was quite strong in August and in September but led the way lower in October and reversed in November, was the weakest in December and the strongest in January. After underperforming one of the others in February,…

[ad_1] Organigram Announces Pricing of Overnight Marketed Public Offering TORONTO–(BUSINESS WIRE), March 27, 2024–Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI; NASDAQ: OGI), announces today that, in connection with its previously announced overnight marketed public offering of units of the Company (the “Units”), it has entered into an underwriting agreement with ATB Securities Inc., as lead underwriter, on behalf of itself and a syndicate of underwriters to sell 7,740,000 Units at a price of C$3.23 per Unit (the “Offering Price”) for total gross proceeds of approximately C$25 million (the “Offering”). The Company has granted the underwriters an over-allotment option…

[ad_1] AFC Gamma Provides Sunburn Cannabis with a Total of $34.0 Million Across Senior Secured Credit Facilities Represents AFC Gamma’s Second Transaction in Florida’s Growing Medical Cannabis Market WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC Gamma” or the “Company”) today announced that it has provided a total of $34.0 million in debt capital across two senior secured credit facilities to High End Holdings, LLC and Green Sentry Holdings, LLC d/b/a Sunburn Cannabis (“Sunburn”), a private, vertically integrated, single-state Florida operator. Sunburn intends to use the proceeds from the credit facilities to refinance…

[ad_1] Ispire Technology Announces Pricing of $12.3 Million Public Offering LOS ANGELES, March 22, 2024 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or the “Company”) (NASDAQ: ISPR), a leader in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products, today announced the pricing of a public offering of 2,050,000 shares of common stock at a price of $6.00 per share for gross proceeds of $12,300,000, prior to deducting the placement agent fees and expected offering expenses payable by the Company. The closing of the offering is expected to take place on or about…

[ad_1] The Cannabist Company Announces Closing of US$25.75 Million Private Placement Offering of 9% Senior Secured Convertible Debentures Due 2027US$6.25 Million of total will be issued in exchange for existing 6% Senior Secured Convertible Notes Due 2025 NEW YORK–(BUSINESS WIRE), March 19, 2024–The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”) announced today that it has completed a private placement of US$19.5 million aggregate principal amount of 9.00% senior secured convertible debentures due 2027 (the “Notes”) in a concurrent private brokered offering (the “Brokered Offering”) and private non-brokered offering (the “Non-Brokered…

[ad_1] March 14, 2024 at 4:31 pm Published by NCV Newswire TerrAscend Reports Fourth Quarter and Full Year 2023 Financial Results Full year 2023 record Net Revenue of $317.3 million, an increase of 28.0% year-over-year Full year 2023 Gross Profit margin of 50.3%, a 930 basis-point improvement year-over-year Full year 2023 Adjusted EBITDA from continuing operations¹ of $68.8 million, an increase of 77.1% year-over-year Delivered first full year of both positive Cash Flow from continuing operations and Free Cash Flow² TORONTO, March 14, 2024 (GLOBE NEWSWIRE) — TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND, OTCQX: TSNDF), a leading North…

[ad_1] GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance Full Year Net Revenue of $225.9 million, Beating Guidance Full Year Net Loss of $46.5 million and Non-GAAP Adjusted EBITDA¹ Loss of $5.6 million, In Line with Guidance 2024 Outlook Calls for Revenue from $205 million to $215 million and Non-GAAP Adjusted EBITDA¹ from a Loss of $2 million to a Profit of $3 million Company to Review Strategic Opportunities for MMI DENVER–(BUSINESS WIRE)– GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty…