Earnings Report

PharmaCielo Cannabis Co. Reports 270% YoY Increase In Q3 Revenue, Confident About Profitability In 2025
Ayurcann Cannabis Co. Reports 28% YoY Net Revenue Growth In Q1 With Strong Performance In Vapes And Pre-Rolls
Canadian Cannabis Co. Entourage Health Shares Spike On 8% YoY Q3 Revenue Growth, Reduced Losses
Ayurcann Cannabis Co. Reports 28% YoY Net Revenue Growth In Q1 With Strong Performance In Vapes And Pre-Rolls
3 months ago
Canadian Cannabis Co. Entourage Health Shares Spike On 8% YoY Q3 Revenue Growth, Reduced Losses
3 months ago
Cannabis-Focused RIV Capital Reports 186% YoY Surge In Q3 Revenue Ahead Of Major Merger That Will Cover 25% Of US Population
3 months ago
Canadian Cannabis Producer Cannara Reports 43% YoY Revenue Growth, Boosts Market Share And Profitability
4 months ago

Earnings Report Recent News

Cannabis Co. Grown Rogue Reports 7% Increase In Q3 Revenue, Focuses On New Jersey And Illinois Expansion
Cannabis company Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) reported on Thursday its third quarter 2024 results for the three months ended Sept. 30, 2024. "This was another exciting quarter for Grown Rogue with solid financial metrics showing the continued execution by our team in competitive markets against a backdrop of modest price compression," Obie Strickler, CEO of Grown Rogue, said. "We continue to see strong indoor production yields of craft-quality flower, retail buyer and consumer loyalty, and great initial reception and sell-through with our branded pre-rolls, including our newest brand Yeti".
Nov 15, 2024, 6:33 PM
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C21 Reports Q2 Revenue Up 14% QoQ, South Reno Cannabis Dispensary Sees 53% Sales Growth
Vertically integrated cannabis company C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) announced on Thursday interim unaudited financial statements and management discussion and analysis for its second quarter ending Sept. 30, 2024. "We are pleased with the strong performance and positive customer reception of our new dispensary during its first quarter of operations," Sonny Newman, CEO and president, said. "These results have exceeded our expectations and we continue to see robust sales growth into the new quarter."
Nov 15, 2024, 6:00 PM
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Canadian Cannabis Producer Rubicon Reports Record Q3 Revenue Of $13.5M, 34% YoY Growth
Cannabis producer Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported on Wednesday its third quarter financial results for the three months ended Sept. 30, 2024. The Vancouver, British Columbia-based company achieved a record net revenue of CA$13.5 million ($9.6 million) for the quarter, representing a 34% increase year-over-year. "Rubicon Organics continues to innovate and expand our product offerings, solidifying a strong market share in premium flower, pre-rolls, edibles, and more," Janis Risbin, the company's CFO, said. "I'm particularly proud of the success of our 2024 vape launch, which has already achieved 55% distribution in just six months. Looking ahead, we expect to drive further growth in Canada and beyond, as we intend for new market entry in 2025."
Nov 15, 2024, 5:20 PM
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Cannabis Co. Vireo Reports 2% YoY Revenue Growth, Secures $10M In Financing
Vireo Growth Inc., formerly known as Goodness Growth Holdings, (CSE: VREO) (OTCQX: VREOF) reported on Wednesday financial results for its third quarter ended Sept. 30, 2024. "Our third quarter results reflect continued solid performance across our core markets, but as we discussed anticipating last quarter, year-over-year comparisons of financial performance are less significant now that we have passed the one-year anniversary of the launch of adult-use sales in Maryland," Amber Shimpa, the company's CEO, said. "Our teams continue to focus on preparing for the launch of adult-use sales in Minnesota next year, and our recently announced $10.0 million financing commitment gives us additional flexibility to support this launch and continue executing our CREAM & Fire strategy."
Nov 15, 2024, 4:54 PM
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California Cannabis Co. Gold Flora: 241% QoQ Growth In Adjusted EBITDA, Narrows Net Loss By 21%
Vertically integrated California cannabis company Gold Flora Corporation (CBOE: GRAM) (OTCQB: GRAM) announced on Thursday its financial results for the third quarter of fiscal 2024."Amid the ongoing challenges facing the broader industry, we've made significant strides in positioning ourselves for long-term success," Laurie Holcomb, the company's CEO and chairman, said. "We have strengthened our balance sheet through a capital raise, continued scaling the highly successful Gramlin brand, and have further optimized our vertically integrated operations to support our growth initiatives."
Nov 15, 2024, 2:46 PM
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Canopy Growth Acquisition Target Acreage Reports 30% YoY Decline In Q3, Record Cannabis Wholesale Revenue In NY
Vertically integrated cannabis multi-state operator Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported on Thursday its financial results for the third quarter ended Sept. 30, 2024. "In the third quarter, we continued to focus on re-accelerating growth across our core states, including Connecticut, Illinois, and New Jersey, while also executing on the highly anticipated launch of non-medical sales in Ohio," Dennis Curran, the company's CEO, said. "With our strengthened financial position, we have bolstered our capacity to pursue opportunities in these markets as they continue to mature, which is expected to play a pivotal role in driving both revenue generation and improvements in Adjusted EBITDA as we close out 2024."
Nov 15, 2024, 2:10 PM
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Auxly Cannabis Co.: Q3 Net Revenue Climbs 18% YoY, Adjusted EBITDA Soars
Cannabis-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) released on Friday its financial results for the three and nine months ended Sept. Auxly Cannabis' net revenue totaled CA$33.3 million ($24 million), compared to CA$28.2 million in the prior year's period.
Nov 8, 2024, 5:55 PM
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Hydrofarm Holdings Q3 Results: Revenue Decline But Improved Margins And Reduced Losses
CEO Bill Toler highlighted continued focus on proprietary brands and operational efficiency as key drivers of margin growth.
Nov 7, 2024, 3:06 PM
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Gardening Giant Scotts Miracle-Gro Reports 46% YoY Drop In Q4 Net Sales For Its Cannabis-Focused Subsidiary
The Scotts Miracle-Gro Company (NYSE: SMG) announced on Wednesday its results for the full year and fourth quarter ended Sept. 30, 2024."Fiscal 2024 was a strong transition year for the Company in which we continued to transform the business while achieving meaningful top-and bottom-line growth in our core business," Matt Garth, the company's chief financial officer and chief administrative officer, said. "We made strategic investments in marketing and innovation to drive sales and support the long-term health of our brands powered by additional efficiency gains across our organization."Total company net sales were $414.7 million, an increase of 11% from $374.5 million in the same quarter last year. Free cash flow for fiscal 2024 was $583.5 million, compared to $438.2 million a year ago.
Nov 6, 2024, 2:21 PM
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SLANG Cannabis Co. Explores Strategic Alternatives Amid Q2 2024 Revenue Drop And Cash Flow Challenges
SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) reported on Tuesday financial results for the second quarter, three months ended June 30, 2024. The Toronto-based cannabis consumer packaged goods company, reported a 26% year-over-year decrease in revenue to CA$6.28 million ($4.7 million) in the second quarter.SLANG attributed the downward trend to a CA$1.78 million drop in core market sales, a decrease of CA$0.20 million in emerging market sales, a decrease of CA$0.09 million in e-commerce sales and a decrease of CA$0.09 million in distribution sales. Within the core market segment, the company experienced a reduction of CA$0.51 million and CA$1.27 million in sales in Colorado and Vermont, respectively.
Aug 28, 2024, 2:09 PM
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Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There's A Silver Lining
Xbox hardware sales drop 42% in Q4, but gaming content revenue surges thanks to the Activision-Blizzard acquisition.
Jul 31, 2024, 8:11 PM
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Scotts Miracle-Gro's Cannabis-Focused Subsidiary Reports 28% YoY Drop In Q3 Net Sales, Reaffirms 2024 Outlook
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, announced on Wednesday its results for the third quarter ended June 29, 2024. Cannabis-focused subsidiary Hawthorne Gardening Company's net sales for the quarter decreased 28%, to $67.7 million, compared to $93.4 million last year. The company said the drop was largely due to the previously announced discontinuation of its third-party distributed brands.
Jul 31, 2024, 4:27 PM
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Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced on Thursday financial and operating results for the first quarter ended March 31, 2024."We delivered another quarter of year-over-year revenue growth and positive cash flow generation during the first quarter as we continued to execute on our growth objectives," CEO Robert Beasley said. "We are making the critical investments needed to lay the foundation for growth and support our future plans and remain excited about the opportunities ahead."
May 31, 2024, 3:34 PM
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RIV Capital Reports YoY Increase In Q1 Revenue, Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company
Cannabis-focused acquisition and investment firm RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) released on Thursday its financial results for the first quarter ended March 31, 2024.Mike Totzke, the company's COO and interim CEO, called the first quarter "pivotal" referring to the official launch of the company's recreational cannabis operations in New York. The company opened its first adult-use dispensary in White Plains.
May 31, 2024, 3:30 PM
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Nextleaf's Q2 Net Revenue Up 57% YoY, Reports Growth Across 'Key Categories'
Cannabis processor Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) reported on Wednesday its financial results for the second quarter ended March 31, 2024. The Vancouver-based company said it has achieved 7% sequential and 57% year-over-year revenue growth, hitting a record $3.4 million in net revenue.
May 29, 2024, 3:00 PM
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Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: '...Expect Up Moves To Be As Violent As Down Moves'
Traders are bracing for a significant shift in Nvidia shares following the company's earnings report on Wednesday,
May 21, 2024, 8:08 AM
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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.
Apr 25, 2024, 2:07 PM
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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.
Feb 29, 2024, 3:32 PM
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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.
Feb 21, 2024, 2:18 PM
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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.
Feb 21, 2024, 1:38 PM
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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.
Feb 10, 2024, 2:04 PM
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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.
Jan 31, 2024, 2:22 PM
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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.
Dec 12, 2023, 3:34 PM
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