Florida Medical Cannabis Patient Growth Falls Again
New Cannabis Ventures
by Alan Brochstein, CFA
3d 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 approvals and an update for each dispensary. That data includes the number of dispensaries and the unit sales each ..read more
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Canadian Cannabis Sales Lift
New Cannabis Ventures
by Alan Brochstein, CFA
6d ago
Statistics Canada released March retail sales for the country, with cannabis sales increasing from the February levels, up 7.1% to C$414.1 million. On a per-day basis, sales sales rose 0.2%. February was revised higher to C$386.8 million. The sales were up just 1.9% from a year ago. This was down from the 19.8% August growth rate and ..read more
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A Big Bet Goes Bad
New Cannabis Ventures
by Alan Brochstein, CFA
6d 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 post this and all of the newsletters on our website ..read more
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DEA Opens Cannabis Rescheduling Comment Period
New Cannabis Ventures
by Alan Brochstein, CFA
1w ago
The Drug Enforcement Administration published its proposed rescheduling of cannabis today. There is a comment period that ends on July 22nd. The biggest outcome of cannabis being rescheduled from Schedule 1 to Schedule 3 would be the elimination of the onerous 280E taxation. We first wrote about this as being very necessary for cannabis stocks ..read more
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Unexciting Earnings Season
New Cannabis Ventures
by Alan Brochstein, CFA
1w ago
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since  late April, when we previewed the upcoming Q1 reports.. Tracker Rules This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to ..read more
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Be Careful With Florida
New Cannabis Ventures
by Alan Brochstein, CFA
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 post this and all of the newsletters on our website ..read more
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Cresco Labs Q1 Revenue Falls 5%
New Cannabis Ventures
by NCV Newswire
2w ago
Cresco Labs Reports Continued Trend of Financial Improvement with First Quarter 2024 Financial Results Over 10x year-over-year increase in operating cash flow CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the ..read more
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AYR Wellness Q1 Revenue Flat From a Year Ago
New Cannabis Ventures
by NCV Newswire
2w ago
AYR Wellness Reports First Quarter 2024 Results Q1 Revenue up 3% Q/Q to $118.0 Million, Excluding Discontinued Operations Q1 GAAP Loss from Operations Improved to $2.0 Million, Excluding Discontinued Operations Q1 Adjusted EBITDA¹ up over 10% Y/Y to $29.1 Million, with Adjusted EBITDA Margin of 25% Company generated free cash flow for the quarter and ..read more
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Michigan Cannabis Sales Slow in April
New Cannabis Ventures
by Alan Brochstein, CFA
2w ago
Michigan cannabis sales for April fell sequentially after rising in February and then March. At $278.6 million, sales fell 3.6% sequentially from the previous record level. The sequential growth on a per-day basis was -0.3%. They were up 13.2% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical ..read more
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Investors Should Not Dive Into Canadian Cannabis
New Cannabis Ventures
by Alan Brochstein, CFA
2w 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 post this and all of the newsletters on our website ..read more
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