First Quarter Earnings

Billion-Dollar Cannabis Giant Tilray To Report Earnings, Here's What Investors Can Expect
Red Light Holland Q1 Revenue Spikes Nearly 30% YoY, Focuses On Strategic Profitability
Canopy Growth Q1 Revenue Drops 13% YoY, Reports Wider Net Loss
Red Light Holland Q1 Revenue Spikes Nearly 30% YoY, Focuses On Strategic Profitability
Canopy Growth Q1 Revenue Drops 13% YoY, Reports Wider Net Loss
Canadian Weed Producer Red White & Bloom Narrows Loss, Reports 15% YoY Drop In Q1 Revenue As It Wraps Up Aleafia Acquisition
Acreage's Q1 Revenue Slips 19% YoY But CEO Foresees 'Significant Growth Opportunities' As Canopy Growth Strategy Moves Forward

First Quarter Earnings Recent News

AYR Wellness Improves Financial Position YoY, Q1 Revenue And Gross Profit In Anticipation Of OH, FL And PA Cannabis Market Launches
Cannabis multi-state operator AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported on Wednesday the first quarter financial results for the three months ended March 31, 2024."2024 continues to be about execution for AYR, furthering the progress we made in 2023 by focusing on improving product quality and consistency, building a loyal retail customer base, rebuilding our CPG brand platform, and continuing to prioritize cost controls," David Goubert, president & CEO of AYR, said.
Cresco Labs CEO Touts 10x Increase In Operating Cash Flow YoY As Cannabis Company Reports Q1 Results
Cannabis producer Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) announced on Wednesday its financial and operating results for the first quarter ended March 31, 2024. "I want to thank the Cresco team for taking our learnings from the Year-of-the-Core, making them a part of our DNA and producing such a strong start to 2024," Charles Bachtell, CEO of Cresco Labs, said. "The continued development of our teams' capabilities and our relentless focus on efficient execution is leading to very strong performance across our retail and branded product business resulting in a 10x increase in operating cash flow year-over-year."
Cannabis Company iAnthus Trims Net Loss In Q1, Reports YoY Increase In Revenue, Gross Profit
iAnthus Capital Holdings reported on Tuesday its financial results for the first quarter ended March 31, 2024.Revenue totaled $41.6 million, representing a sequential increase of 1.7% from the prior period and an increase of 13.1% year-over-year.Net loss totaled $14 million, or a net loss of less than $0.01 per share, compared to a net loss of $18.7 million, or a net loss of less than $0.01 per share in the prior quarter, and compared to a net loss of $18.6 million, or a net loss of $0.01 per share, in the prior year's period.
Ancillary Cannabis Co. Hydrofarm Reports YoY Drop In Q1 Sales, Gross Profit While Narrowing Loss, Expects To Cash In On Marijuana Rescheduling
Hydrofarm Holdings Group, Inc., a cannabis-focused manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced on Tuesday financial results for its first quarter ended March 31, 2024."We are pleased with our first quarter results, as we delivered adjusted gross profit margin expansion for the fifth consecutive quarter driven by elevated operational productivity," Bill Toler, chairman and CEO of Hydrofarm, said.
SNDL Cannabis Co. Wraps Up Q1 With No Outstanding Debt As It Works On Expanding In US
SNDL Inc. reported on Thursday its financial and operational results for the first quarter ended March 31, 2024.The company reported a total net revenue of CA$197.7 million, up from CA$191 million in the prior year's period. Out of that sum cannabis retail revenue amounted to CA$71.3 million, while cannabis operations totaled CA$22.4 million.SNDL attributed the increase to the cannabis retail and cannabis operations segments, as the liquor retail segment reported flat net revenue.
IM Cannabis Doubles Down On Germany Following Legalization Policy Change, Reports YoY Drop In Q1 Gross Profit And Revenue
IM Cannabis reported a 13% sequential increase in revenue for the three months ended March 31, 2024, hitting CA$10.7 million ($7.8 million). That is, however, a 4% decrease compared to the same quarter of last year.Oren Shuster, the company's CEO, said IM Cannabis will double down on Germany, now that recent approvals from both the German Bundesrat and Bundestag legalized the possession of marijuana.
Village Farms Reports Record Q1 Canadian Cannabis Sales Following 49% YoY Increase, Continues To Strengthen International Presence
Village Farms reported on Wednesday its financial results for the first quarter ended March 31, 2024, revealing a new record with Canadian cannabis sales increasing 49% year-over-year to $37.4 million."The first quarter was an especially strong start to 2024," Michael DeGiglio, president and CEO of the company, said. "Our success in quality, innovation and brand building, together with the support of our provincial boards and retail partners, are driving these results as we delight our consumers."
Second-Largest Cannabis Retailer In North America Reports Record Revenue, Adjusted EBITDA In Q1
High Tide Inc. released on Friday its financial results for the first fiscal quarter of 2024 ended January 31, 2024, revealing an 8% year-over-year and 1% sequential increase in revenue to CA$128.1 million. The Canadian cannabis retail giant also reported a breakeven net income with fully diluted earnings per share of CA$0.00 during the period, versus CA$(0.05) in the first fiscal quarter of 2023. Raj Grover, founder and CEO of High Tide said reaching break-even net income in the first quarter represents "a critical milestone in our ongoing corporate trajectory and is a rarity in the global cannabis space."
Nextleaf's Alberta Debut Results In 170% YoY Net Revenue Surge In Q1, Here's What's Next For The Cannabis Co.
Nextleaf Solutions reported a 170% year-over-year increase in net revenue in the first quarter ended Dec. 31, 2023, reaching CA$3.2 million. Interim CEO Emma Andrews commended the company's performance and highlighted the successful launch of house brands like Glacial Gold and High Plains Cannabis in Alberta. The company experienced a significant increase in gross profit to CA$962,465 and a rise in expenses to CA$828,703 compared to the prior year. Income and comprehensive income were reported at CA$132,821. Nextleaf maintained a debt-free position with CA$9.1 million in total assets and cash of CA$367,836 at the end of the period. Looking ahead to Q2 2024, the company plans to launch nine new products nationwide, further expanding its product portfolio.
cbdMD Reports YoY Dip In Q1 Net Sales, Shrinks Operating Loss, Expands Into Hemp And Mushroom Products Markets
Medical cannabis company cbdMD has reported financial results for its first quarter of fiscal 2024. Operating loss improved to $1.1m compared to $4.1m for the same period in the previous year. Gross profit was flat at around $3.5m, while operating expenses were $4.6m, down from $7.6m in the previous year. Total net sales declined to $5.37m from almost $6m in the corresponding prior-year period. Direct-to-consumer net sales represented 82.3% of total net sales, a decrease from 90% in Q1 2023. On 31 December 2023, cbdMD had total working capital of roughly $1.4m compared to approximately $3.4m on 30 September, with cash on hand dropping to roughly $1.5m from $1.8m over the same period. The Charlotte-based company recently struck a securities purchase agreement with five institutional investors to fund the national rollout of its ATRx Labs functional mushroom products, as well as launching the hempMD and ATRx Labs brands.
Nevada Cannabis Co. Reports YoY Decrease In Q1 Revenue & Gross Profit, 154% Increase In Cash Flow
CLS Holdings USA, Inc. (OTCQB: CLSH) (CSE: CLSH) cannabis company operating as Cannabis Life Sciences announced its first quarter financial results on Thursday for the three months ended August 31, 2023, revealing a 15% year-over-year decrease in revenue to $5.1 million.
Revenue Drops, Loss Grows YoY For This Cannabis Operator In Q1, Plans Expansion In New Jersey
Top Strike Resources Corp. (CSE: VENI) (OTCQB: TPPRF), which is doing business as Vencanna Ventures, reported its first quarter results for the three-month period ending July 31, 2023. 
Canadian Weed Company Adastra Reports Triple-Digit Q1 Revenue Growth, What's Behind The Figures?
Cannabis producer Adastra Holdings Ltd. (CSE: XTRX) (FRA: D2EP) (OTC: XTXXF) reported on Tuesday financial results for the three months ended March 31, 2023.
Vibe Growth Stock Spikes Post Q1 Earnings, Revenue Continues To Drop As CEO Touts 'Encouraging' Margins
Vertically integrated cannabis company Vibe Growth Corporation (CSE: VIBE) (OTCQX: VIBEF) announced on Tuesday its financial results for the three months ended March 31, 2023.
This Analyst Cut Price Target On Canopy Growth After Q1 Earnings Release, Here's Why
On Friday, Canopy Growth Corporation (NASDAQ: CGC) reported a 19% year-over-year drop in net revenue to CA$110 million ($112.2 million) n
Red White & Bloom Posts Record Revenue In Q1, Set To Achieve Positive EBITDA By End Of FY
Red White & Bloom Brands Inc. (OTC: RWBYF) reported on Tuesday a record revenue from continuing operations of CA$28 million ($21.85 milliom) in the first quarter of 2022.
Top Cannabis Companies By Revenue In May, Marijuana Stocks To Check Out As Earnings Season Fades
As another earnings season draws to a close, investors in cannabis stocks have gone through some trying times.
Here's Why Investors Should Keep An Eye On Sundial Stock, Analyst's Thoughts Post Q1 Earnings
On Monday, Canadian cannabis LP Sundial Growers Inc. (NASDAQ: SNDL) released its
This Cannabis Vape Market Leader Is Feeling Impact Of Price Competition, Analyst's Thoughts Post Q1 Earnings
Auxly Cannabis Group Inc. (OTCQX: CBWTF) (ARCA: XLY) released its financial results for the three months ended March 31, 2022, on Monday,
Heritage Cannabis' Revenue Increases 450% YoY In Q4, Provides Financial Results For 2021
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) announced its financial results for the fourth quarter and for the twelve months ended October 31, 2021.
Trulieve Reports Record Q1 Revenue Of $318.3M, 64% YoY Increase & Gross Profit Of $178.2M
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) reported its results for the quarter ended March 31, 2022. Kim Rivers, Trulieve’s CEO, said that the Tallahassee, Florida-based company is “off to a great start in 2022.”
MariMed Reports Strong Q1, Provides 2022 Financial Guidance
MariMed, Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the first quarter ended March 31, 2022.
AFC Gamma Touts Strong Performance In Q1, Steady Dividend Growth
AFC Gamma, Inc. (NASDAQ: AFCG) reported its results for the first quarter of 2022.

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga

© 2024 Benzinga | All Rights Reserved