Earnings Report

SLANG Cannabis Co. Explores Strategic Alternatives Amid Q2 2024 Revenue Drop And Cash Flow Challenges

Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There's A Silver Lining

Scotts Miracle-Gro's Cannabis-Focused Subsidiary Reports 28% YoY Drop In Q3 Net Sales, Reaffirms 2024 Outlook

Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There's A Silver Lining

Scotts Miracle-Gro's Cannabis-Focused Subsidiary Reports 28% YoY Drop In Q3 Net Sales, Reaffirms 2024 Outlook

Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital

RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company

Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital

RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company

Nextleaf's Q2 Net Revenue Up 57% YoY, Reports Growth Across 'Key Categories'

Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: '...Expect Up Moves To Be As Violent As Down Moves'

Earnings Report Recent News

Cannabis Edibles Maker Indiva Reports Record Revenue In 2023, Positive EBITDA And Income From Q4 Operations

Canadian cannabis edibles producer Indiva Limited announced on Thursday its financial and operating results for the fourth quarter and fiscal year ended Dec. 31, 2023. For the fourth quarter, the company reported a 53.3% increase year-over-year increase in gross profit before inventory write-down to CA$4.2 million (roughly $3 million). Gross margin before inventory write-down improved to a record 38.5% of net revenue, versus 37.1% in the prior quarter and 29.3% in the prior year's period. Indiva attributed the improvement in gross margin percentage year over year to higher sales, improved operating efficiencies and a positive mix shift toward higher-margin products.

Craft Cannabis Co. Grown Rogue Reports Gross Profit Increase In 2023, CEO Signals Expansion

Grown Rogue International Inc. released its audited 2023 results, displaying a robust 32% revenue growth to $23.4 million and a significant 102% spike in operating cash flow to $6.4 million year-over-year. CEO Obie Strickler attributes these achievements to the company's profitable scalability, cost control measures, and dedication to providing top-notch cannabis products. The financial highlights of 2023 include a gross profit of $12.7 million, increased from $8.1 million, with total expenses rising to $8.4 million. Income from operations rose to $4.2 million from $957,149. Adjusted EBITDA stood at $7.6 million, with free cash flow hitting $2.8 million. Operationally, Grown Rogue expanded its reach into new markets like New Jersey through strategic partnerships and investments, culminating in the closure of $8.0 million in convertible debentures. The company's 2024 outlook involves further operational enhancements, expansion into new markets, and continued market share growth, underscoring its commitment to sustained growth and excellence in the cannabis industry.

Cannabis Co. Agrify Expects To Shrink Net Loss, Expand Gross Profit In Q4

On Wednesday, Agrify Corporation (NASDAQ: AGFY), an ancillary cannabis company, reported preliminary unaudited fourth-quarter financial results for 2023. The company anticipates a net loss of $750,000, a significant improvement from previous quarters. Loss from operations is expected to decrease by 46% to $2.5 million, marking a historical low. Gross profit is projected to rise by 105% to $1.9 million, a substantial increase year-over-year. Agrify aims for its lowest net cash burn in company history and plans to approach cashflow break-even in the second half of 2024. These positive financial outlooks come after a third-quarter revenue decrease but a significant improvement in net loss compared to the previous year. CEO Raymond Chang expressed optimism about the direction the company is headed based on the encouraging Q4 results. AGFY's share price showed a 1.58% increase during pre-market trading.

Cannabis Vaping Sales Propel Q2 Revenue For Marijuana Co. Doing Business With Burna Boy, Berner

Ispire Technology, a cannabis vaping hardware company, has experienced growth in revenues, driven by a commitment to innovation and strategic partnerships. In Q2 2024, the company saw a rise in gross profit to $6.4 million and an increase in total operating expenses. Despite a net loss of $4 million, Ispire remains optimistic about its future outlook. With total assets of $90.6 million and current liabilities of $58.5 million, the company is focusing on expanding its presence in the domestic market and achieving certifications for its manufacturing facilities. Ispire's revenue projections for fiscal year 2024 show promising growth, with estimates ranging from $80 million to $90 million for cannabis vaping products and $95 million to $105 million for tobacco vaping products. The company aims to continue its growth trajectory and solidify its position in the industry.

Sega Issues Financial Warning Over 'Sluggish' Holiday Sales

Sega Sammy Holdings Inc - ADR (OTC: SGAMY) issued a financial warning due to disappointing sales during the crucial holiday season of 2023.

Cannabis Producer Nextleaf Reports 85% YoY Net Revenue Increase: '2023 Delivered Financial Stability'

Nextleaf enjoys four quarters of consistent positive cash flow due to a reduction in operating expenses and improved gross margins.

Agrify's CEO Optimistic Despite YoY Decline In Q2 Revenue, Gross Profit: A Path To Profitability?

Agrify Corporation (NASDAQ: AGFY) announced on Tuesday second quarter financial results for the three months ended June 30, 2023, revealing a 73% year-over-year decrease in revenue to $5.1 million.Raymond Chang, chairman and CEO Officer at Agrify, provided more insight into what the company's focus was during the previous period."As described in our prior earnings release, the four key priorities for the Company are (1) restructuring our balance sheet, (2) reducing our costs and headcount, (3) improving our product offerings, and (4) getting our key products CE-certified for international markets," Chang said.

Difficult Environment For Cannabis Retail And Brand Customers Reflected In Leafly's Q3 Results

Cannabis e-commerce platform Leafly Holdings, Inc. (NASDAQ: LFLY) announced its financial results on Thursday for the third quarter ended Sept. 30, 2023, revealing a 10% year-over-year decrease in revenue to $10.6 million.

NASDAQ Traded Cannabis REIT Reports 10% YoY Revenue Increase, Touts Property Across 19 States

Innovative Industrial Properties, Inc. (NYSE: IIPR) reported its third quarter financial results on Wednesday for the three month period ended Sept.30, 2023, revealing a 10% year-over-year increase in total revenues to $77.8 million.

Ascend Wellness Appoints High-Profile Executives, Expects Record Revenue In Q3

Vertically integrated cannabis operator Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) announced on Wednesday its preliminary third quarter 2023 financial results and updates to its leadership team.

High Tide Reports 14th Straight Quarter Of Positive Adjusted EBITDA, Q3 Results Best In History, CEO Says

High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) reported its third-quarter earnings results Thursday for the three months ended July 31.

Canndoc Reports Record Revenue Amid Cannabis Market Turmoil

InterCure Ltd. (NASDAQ: INCR) (TASE: INCR), which is doing business as Canndoc, reported its financial and operating results on Thursday for the three and six months ended June 30, 2023,

Vertical Integration Pays Off For This Cannabis Company In Q2 2023, Here's Why

Cansortium Inc. (CSE: TIUM.U) (OTCQX: CNTMF), a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced on Monday financial and operating results for the second quarter ended June 30, 2023.

Canadian Ancillary Cannabis Company Reveals Slight Revenue Drop In Q3, Here's More Details

EnWave Corporation (OTCPK: NWVCF) (TSX-V: ENW) (FSE: E4U) reported on Friday its consolidated interim financial results for the third quarter ended June 30, revealing a 7% year-over-year decrease to CA$2.5 million ($1.84 million) in revenue.

Tuesday's Earnings Report: US Banks Beat Estimates As Higher Interest Rates, Fees Offer Profit Boost

cbdMD Q2 2023 Results: Net Loss Improves, Costs Plummet

Charlotte-based CBD company cbdMD (AMEX: YCBD) reported its second-quarter fiscal 2023 results late Monday, revealing an improved net loss and significant reductions in selling, general and administrative (SG&A) costs.

Jones Soda Co. Adds Sparkle To Q1 Revenue, Strong Growth In Cannabis Segment

Jones Soda Co. (OTC: JSDA), a craft soda company known for its unconventional flavors, announced its financial results late Thursday for the first quarter that ended March 31, 2023.

Green Thumb Industries Still Among 'Best-Managed MSOs,' Analyst On What To Expect From Q4 Earnings

Cannabis consumer packaged goods company Green Thumb Industries Inc.

Aurora Cannabis Prepares For Global Legalization Wave, Analyst's Thoughts Post Q2 Earnings

Aurora Cannabis Inc. (NASDAQ: ACB) reported its financial and operational results for the fiscal second quarter that ended December 31 last week, revealing that it has

Here's What Investors Need To Know About Colombia's Cannabis Market, An Analysis Of Flora Growth's Earnings

Flora Growth Corp. (NASDAQ: FLGC) kicked off the week by

Cannabis Dispensary Franchisor Item 9 Sees YoY Increase In Revenue, Adjusted EBITDA Loss

Vertically integrated cannabis dispensary franchisor and operator Item 9 Labs Corp. (OTCQX: INLB) reported on Tuesday its fiscal third quarter operating and financial results for the nine months ended June 30, 2022.

Flora Growth Reports $9M In 2021 Revenue, Provides Guidance For 2022

Flora Growth Corp. (NASDAQ: FLGC) has reported its financial and operating results for the fiscal year ended December 31, 2021.

Medical Marijuana Reports $34.1M In 2021 Revenue, Strengthens International Presence

Medical Marijuana, Inc. (OTC: MJNA) has announced its financial results for the year ending December 31, 2021, and provided an overview of recent operational highlights.