Author: NCV Newswire

[ad_1] August 2, 2023 at 5:00 pm Published by NCV Newswire Innovative Industrial Properties Reports Second Quarter 2023 Results SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter. Recorded net income attributable to common stockholders of approximately $40.9 million for the quarter, or $1.44 per…

[ad_1] August 2, 2023 at 5:14 pm Published by NCV Newswire MariMed Reports Second Quarter 2023 Earnings NORWOOD, Mass., Aug. 02, 2023 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the second quarter ended June 30, 2023. I am pleased to report another solid quarter of accelerating revenue growth on both a year-over-year and a sequential basis as we continue to outperform the industry. We reported our 14th consecutive quarter of positive adjusted EBITDA. Our wholesale business continued…

[ad_1] August 2, 2023 at 7:58 am Published by NCV Newswire Turning Point Brands Announces Second Quarter 2023 Results; Increases 2023 Guidance -Net Sales for Q2 2023 Zig-Zag and Stoker’s Products Increased 3.7 Percent Year-Over-Year -Adjusted EBITDA for Q2 2023 Increased 2.2 Percent Year-Over-Year LOUISVILLE, Ky.–(BUSINESS WIRE)–Turning Point Brands, Inc. (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced today financial results for the second quarter ended June 30, 2023. Q2 2023 vs. Q2 2022 Total consolidated net sales increased 2.6% to $105.6 million…

[ad_1] ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springboard to Enhance Shareholder Value Company reduces full-year sales and earnings outlook Company-wide third quarter sales decreased 26% driven by Hawthorne decline of 63% and U.S. Consumer decline of 14% Consumer POS climbed in May & June; year-to-date POS dollars down 5% Q3 GAAP EPS loss of $8.01 per share, includes pre-tax impairment and restructuring charges of $724 million; non-GAAP adjusted EPS of $1.98 Company announces Project Springboard to strengthen the balance sheet, expand margins and improve free cash flow Management lowered its full-year sales guidance for U.S. Consumer to down…

[ad_1] Cresco Labs and Columbia Care Mutually Agree to Terminate Merger Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”) and Columbia Care (NEO:CCHW) (CSE:CCHW) (OTCQX:CCHWF) (“Columbia Care”) today announced a mutual agreement, dated July 30, 2023, to amicably terminate the definitive arrangement agreement dated March 23, 2022, as amended on February 27, 2023, pursuant to which Cresco agreed to acquire all of the issued and outstanding shares of Columbia Care (the “Transaction”). There are no penalties or fees related to the mutual agreement to terminate the Transaction. In light of the evolving landscape in the cannabis industry, we…

[ad_1] Pelorus Capital Group Prices First-Ever Securitization Backed By Collateral in the Cannabis Sector Company to Retain One-Third of $70M Offering, Selling $45M of Bonds; Securitization First in a Series and First Ever for the Cannabis Sector NEWPORT BEACH, Calif., July 31, 2023 (GLOBE NEWSWIRE) — Pelorus Capital Group (“Pelorus” or “the Company”), the leading provider of commercial real estate loans for the cannabis sector, priced the first-ever securitization for cannabis-linked real estate assets. Pelorus retained a third of the $70 million offering, selling $45 million of bonds (“PCG 2023-1”), which attracted a range of institutional investors and hedge funds…

[ad_1] July 26, 2023 at 7:24 am Published by NCV Newswire Tilray Brands Reports Record Q4 Financial Results Record Q4 Net Revenue of $184 Million, Representing 20% Growth Year over Year, $627 Million of Net Revenue for FY2023; On a Constant Currency Basis, FY2023 Net Revenue Grew 6% to $668 Million $8 Million of Net Cash from Operating Activities Generated for FY2023, Achieved Nearly $200 Million Improvement in Adjusted Free Cash Flow Compared to FY2022 Increased Tilray’s #1 Cannabis Market Share Position in Canada to 13% with HEXO Acquisition and Substantially Grew Medical Cannabis Market Position Across Europe Company Issues…

[ad_1] BOCA RATON, FL / ACCESSWIRE / July 17, 2023 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the Cara+ portable concentrate device by house brand Groove. Greenlane launched the Groove brand in Fall 2022 to offer simple, functional, and reliable products at an affordable price point, filling a gap in the marketplace for high-quality, value-driven essential items. The newest product, CARA+, delivers a high-quality solid concentrate device at a value price and further expands Groove’s product offerings…

[ad_1] Canopy Growth Enhances Financial Flexibility and Delivers Company Balance Sheet by $437 million Company Announces Accretive Reduction of Corporate Debt, Preservation of Cash, and an Improved Financial Position Through a Series of Agreements Supported by Secured and Unsecured Lenders SMITHS FALLS, ON, July 14, 2023 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into a series of agreements, including privately negotiated redemption agreements (the “Redemption Agreements”) with certain holders of its unsecured senior notes due July 15, 2023 (the “Existing Notes”) and agreements with certain of its…

[ad_1] July 14, 2023 at 5:20 am Published by NCV Newswire Organigram Reports Third Quarter Fiscal 2023 Results Year-to-date Canadian recreational business grew 10% versus prior year driven by continued focus on consumer-centric products and brands Strategic investments in Phylos and Greentank strengthen Organigram’s position as an industry leader in cannabis innovation, solidifying long-term competitive advantage HIGHLIGHTS Recreational net revenue was $92.5 million for the nine months ended May 31, 2023, an increase of $8.0 million over the same prior-year period Increased sequential net revenue from Canadian recreational business by 7% vs. Q2 driven by continued success in hash and…

[ad_1] BOCA RATON, FL / ACCESSWIRE / July 13, 2023 / Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (NASDAQ:GNLN), one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the Eyce Glacier in celebration of the brand’s 10-year anniversary. The Eyce Glacier, a compact water pipe, is a tribute to Eyce’s roots. Using ice to cool the smoke, the Glacier produces a refreshing and smooth experience. Under the optically clear lid a water chamber that can be frozen creates cooled surfaces that smoke zig zags through. With a split…

[ad_1] July 5, 2023 at 1:38 pm Published by NCV Newswire Gene R. Kohut of Trust Street Advisors, LLC in his capacity as court-appointed receiver (the “Receiver”) of Green Peak Industries, Inc., District Bay, LLC, The District Park, LLC and GPIMD Corp. (collectively, “Skymint”) is conducting an auction for the sale of substantially all assets of Skymint. Skymint operates a large network of cannabis provisioning centers across Michigan -including locations in Ann Arbor, Metro Detroit, Bay City, Lansing, Flint, Saginaw, Muskegon, Kalamazoo and Portage. Pursuant to an order entered by the Ingham County Circuit Court on June 21, 2023 (the…