Author: NCV Newswire
[ad_1] February 9, 2024 at 7:33 am Published by NCV Newswire Canopy Growth Reports Third Quarter Fiscal Year 2024 Financial Results; Achieves Third Quarter of Sequential Revenue Growth across Canada Cannabis Businesses and a Record Quarter for Medical Sales Canada adult-use cannabis business-to-business net revenue up 9% year-over-year; Canada medical cannabis net revenue up 11% year-over-year Focused execution drove sustained margin improvement with second quarter of consolidated gross margins exceeding 30% Canopy USA strategy moving forward; special shareholder meeting scheduled for April 12, 2024 SMITHS FALLS, ON, Feb. 9, 2024 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”)…
[ad_1] Aurora Cannabis Acquires MedReleaf Australia Aurora becomes the largest global medical cannabis company operating in nationally legal markets. MedReleaf Australia holds the #2 position in medical cannabis within the rapidly growing ~AUD$400 million¹ Australian market. Transaction is expected to be immediately accretive to Adjusted EBITDA² and accelerate the Company’s plan for Positive Free Cash Flow² generation in calendar 2024. EDMONTON, AB, Feb. 8, 2024 /PRNewswire/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canada based leading global medical cannabis company, is pleased to announce that a wholly-owned subsidiary of the Company has acquired the…
[ad_1] ScottsMiracle-Gro Reports First Quarter Results Early Season Lawn and Garden Performance In-line with Expectations Company Reaffirms Full-year Non-GAAP Adjusted Gross Margin Improvement of 250 bps and Full-year Non-GAAP Adjusted EBITDA of $575 million First Quarter GAAP Loss of $1.42 Per Share; Non-GAAP Loss of $1.45 Per Share MARYSVILLE, Ohio, Feb. 07, 2024 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, today announced its results for the first quarter ended December 30, 2023. “Our Q1 results further indicate…
[ad_1] High Tide Releases Audited 2023 Financial Results Featuring Record Fourth Quarter Revenue of $127.1 Million, Record Adjusted EBITDA of $8.4 Million and Record Free Cash Flow of $5.7 Million, Respectively The Company increased its positive free cash flow run rate from $4.1 million in the third fiscal quarter of 2023 to $5.7 million in the fourth fiscal quarter of 2023, representing a sequential increase of 40% Current annual revenue run rate is approaching $510 million, maintaining High Tide’s position as Canada’s top revenue-generating cannabis company¹ The Company celebrated its 15th consecutive quarter and its 5th straight quarter of record²…
[ad_1] Organigram Announces the First Tranche Closing from BAT Investment TORONTO–(BUSINESS WIRE)–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced today that it has closed the first of three tranches of the previously announced C$124,559,674 follow-on strategic equity investment (the “Investment”) by BT DE Investments Inc. (the “Investor”), a wholly owned subsidiary of British American Tobacco plc (“BAT”). Pursuant to the first tranche closing, the Investor acquired 12,893,175 common shares of the Company at a price of C$3.2203 per share (the “Per Share Price”) for gross proceeds of C$41,519,891. The remaining…
[ad_1] January 19, 2024 at 1:53 pm Published by NCV Newswire Gene R. Kohut of Trust Street Advisors, LLC in his capacity as court-appointed receiver (the “Receiver”) of Comco, LLC (“Comco”) is conducting an auction for the sale of substantially all business assets of Comco. Comco is in the business of cultivating, producing, processing, and distributing medicinal and recreational cannabis and cannabis related products. Comco operates several cannabis provisioning centers located in Jonesville, Michigan and Hanover, Michigan. Pursuant to an order entered by the Jackson County Circuit Court on January 12, 2024 (the “Approval Order”), an auction for the sale…
[ad_1] January 19, 2024 at 8:44 am Published by NCV Newswire Statistics Canada released November retail sales for the country, with cannabis sales decreasing from the strong October levels, down 6.2% to C$412.1 million. October was revised lower to C$439.3 million. The sales, which fell 3.1% on a per-day basis, were up 10.1% from a year ago, down from the 19.8% August growth rate and the lowest annual growth rate since October 2022. In 2022, total sales increased 17.9% to C$4.52 billion, and they have increased 13.2% during the first ten months of 2023. An increase in the number of stores as well…
[ad_1] Canopy Growth Announces Upsized US$35 Million Private Placement SMITHS FALLS, ON, Jan. 18, 2024 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), today announced that it has entered into subscription agreements (the “Subscription Agreements”), dated as of January 18, 2024, with certain institutional investors (the “Investors”) in a private placement offering (the “Offering”) of 8,158,510 units (“Units”) at a price per Unit of US$4.29 for aggregate gross proceeds of approximately US$35 million. The purpose of the Offering is to provide the Company with additional liquidity to further strengthen Canopy Growth’s financial position. Proceeds…
[ad_1] Canopy Growth Announces US$30 Million Private Placement SMITHS FALLS, ON, Jan. 9, 2024 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), today announced that it has entered into subscription agreements (the “Subscription Agreements”), dated as of January 9, 2024, with certain institutional investors (the “Investors”) in a private placement offering (the “Offering”) of 6,993,007 units (“Units”) at a price per Unit of US$4.29 for aggregate gross proceeds of approximately US$30,000,000. Canopy Growth Announces Effective Date of Share Consolidation (CNW Group/Canopy Growth Corporation) The purpose of the Offering is to provide the Company with…
[ad_1] January 9, 2024 at 6:19 am Published by NCV Newswire Record Q2 Net Revenue of $194 Million, Increases 34% Over the Prior Year Period Global Cannabis Leader with #1 Market Share in Canada and 31% Growth in Canadian Cannabis Net Revenue, Medical Cannabis Leader in Europe with 55% Growth in International Cannabis Net Revenue 5th Largest Craft Beer Brewer in the U.S.1, Positioned to Become Top 12 Beverage-Alcohol Company with 117% Increase in Beverage Alcohol Net Revenue Over the Prior Year Period On Track to Achieve $30-$35 Million in Annual Savings related to Integration of HEXO Acquisition Reiterates…
[ad_1] 4Front Ventures Corp. Transforms Balance Sheet Through Conditional Senior Secured Debt Conversion into Equity and Announces Leadership Change PHOENIX, Jan. 8, 2024 /PRNewswire/ – 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (“4Front” or the “Company”), a vertically integrated, multi-state cannabis operator and retailer, announced that the Company has entered into a conditional amendment to the loan and security agreement (collectively, the “Amendment”) with its senior secured lender, LI Lending, LLC (the “Lender”) under which the Lender will convert approximately 44% ($USD 23,000,000) of the principal amount of its debt into class A subordinate voting shares of the Company (the…
[ad_1] December 19, 2023 at 6:28 am Published by NCV Newswire Organigram Reports Fiscal 2023 Results¹ Domestic share growth in several key categories continues to be driven by innovation excellence and industry-leading R&D. Organigram continues to take a leadership position in industry fighting THC mislabelling (inflation). Company fortifying itself with recently announced BAT-Jupiter $124.6 million private placement transaction strengthening balance sheet and setting the stage for long-term growth outside of Canada. FISCAL 2023 HIGHLIGHTS At year-end, achieved the #2 position among Canadian licensed producers driven by success of growing pre-roll business2 Held the #1 position in the milled flower, gummies,…