New Cannabis Ventures
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New Cannabis Ventures is a news & information platform offered by NCV Media, LLC that highlights promising companies and influential investors in the cannabis industry. NCV is a cannabis-centric marketing & communications company.
New Cannabis Ventures
2d ago
Large cannabis REIT Innovative Industrial Properties (NYSE: IIPR) reported this morning that its largest tenant, PharmaCann, failed to pay rent again. Recall that it had issued a press release on 12/20 that detailed the initial default. Near the end of January, it reported a default resolution, though it warned that the company needed to refinance ..read more
New Cannabis Ventures
4d ago
Michigan cannabis sales for February fell from a year ago and fell sequentially by 2.4%, which was up on a per-day basis. At $241.3 million, sales were down 7.6% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling 71.1% from a year ago to $0.6 million ..read more
New Cannabis Ventures
5d ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by email as we did in ..read more
New Cannabis Ventures
1w ago
AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Full Year 2024 Net Revenue Increased 8% Year-over-Year to $562 million Full Year 2024 Adjusted EBITDA¹ Increased 9% Year-over-Year to $116 million Second Full Year of Positive Cash from Operations and Positive Free Cash Flow² Company Ended Q4 2024 with $88 Million of Cash and ..read more
New Cannabis Ventures
1w ago
Cresco Labs’ Disciplined Strategy Drives Record Cash Flow in 2024 Financial Results Record full year operating cash flow of $132 million, an increase of 126% from the prior year period CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“ Cresco Labs ” or the “ Company ”), the industry leader in branded ..read more
New Cannabis Ventures
1w ago
Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active patient count, a qualified physician count, new dispensary approvals and an update for each operator. That data includes the number of dispensaries and the unit sales ..read more
New Cannabis Ventures
1w ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by email as we did in ..read more
New Cannabis Ventures
1w ago
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states. Cannabis sales increased 2.1% sequentially in February despite there being three fewer days than in January. In this review, we share the results by state, beginning with the western markets and then concluding with the eastern markets ..read more
New Cannabis Ventures
2w ago
Curaleaf Reports Fourth Quarter and Full Year 2024 Results Fourth quarter 2024 total revenue of $331 million Fourth quarter 2024 International revenue of $31 million Fourth quarter adjusted gross margin(1) of 48% Full year operating cash flow from continuing operations of $163 million and free cash flow from continuing operations of $70 million STAMFORD, Conn ..read more
New Cannabis Ventures
2w ago
Glass House Brands Announces New $50 Million Senior Secured Loan – Maturing on January 31st, 2030, the new senior debt facility replaces our previous senior secured loan that was set to mature in late November 2026, pushing out the final balloon payment by an additional 3 years – The interest rate will be fixed at ..read more