Third Quarter Earnings

Cronos Cannabis Co. Reports 38% YOY Increase In Q3 Revenue, Boosts International Sales

Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth

Earnings Season Looms Large: Here's When Leading Marijuana Lender And This Cannabis Company Will Report Results

Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth

Earnings Season Looms Large: Here's When Leading Marijuana Lender And This Cannabis Company Will Report Results

Cannabis Giant Green Thumb To Report Q3 Results, Here's What Investors Should Watch For

cbdMD Reduces Operating Loss, Reports Positive Net Income For Q3 And 15% YoY Drop In Net Sales

Cannabis Giant Green Thumb To Report Q3 Results, Here's What Investors Should Watch For

cbdMD Reduces Operating Loss, Reports Positive Net Income For Q3 And 15% YoY Drop In Net Sales

Organigram Reports 25% YoY Increase In Q3 Net Revenue, Significant Improvement In Adjusted EBITDA

Psychedelics Co. Numinus Narrows Loss In Q3, Reports QoQ Decrease In Revenue, Gross Profit

Third Quarter Earnings Recent News

Body and Mind Narrows Loss By 30% YoY In Q3, Doubles Down On Streamlining Operations

Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) announced on Friday its financial results for the third quarter of fiscal year 2024 ended April 30, 2024. Michael Mills, the company's CEO, said BaM is working on streamlining its operations. "We continue to execute our strategy of reducing our footprint and focusing on developing our most valuable assets," he said in a press release. Body and Mind Inc. (CSE: BAMM) (OTCQB: BMMJ) announced on Friday its financial results for the third quarter of fiscal year 2024 ended April 30, 2024. Michael Mills, the company's CEO, said BaM is working on streamlining its operations. "We continue to execute our strategy of reducing our footprint and focusing on developing our most valuable assets," he said in a press release. In Illinois, the company's Markham-based dispensary shows signs of growth, while the building project in the Lynwood store is in its final stages, the company said.

Q3 Net Loss Drops Sharply, Revenue Decreases YoY For Michigan Cannabis Co. Agrify (CORRECTED)

Agrify Corporation, a Michigan-based agricultural technology company, has reported a 56% year-over-year decrease in revenue for the third quarter of 2023. The company's revenue for the quarter stood at $3.1 million, down from $7 million in the same period last year. Agrify also reported a net loss of $2.1 million for Q3 2023, compared to a net loss of $57.4 million in the same quarter of 2022. Despite the decrease in revenue, Agrify's chairman and CEO, Raymond Chang, said that the historically low net loss is an encouraging sign that the company is making progress. The company managed to reduce its total operating expenses to $5.6 million in Q3 2023, down from $27.4 million in the same period last year. Agrify also reported gross profit of $1 million for the quarter, compared to a loss of $4.1 million in Q3 2022. As of September 30, 2023, the company had $43 million in total assets and $64.3 million in total liabilities.

Canopy Growth Reports 7% YoY Drop In Q3 Revenue, CEO Touts 'New Era' For Company As It Seeks US Listing

Canopy Growth reported an 81% YoY increase in "rest-of-world" cannabis revenue for Q3 2024. The company attributed the growth to strong performance in Australia and a return to growth in Europe. Canopy also announced its plans for the US cannabis market through its non-controlling interest in Canopy USA. The company expects to file its definitive proxy statement with the SEC on or about 13 February, followed by a special meeting with shareholders on 12 April. During the meeting, shareholders will consider the creation of a new class of non-voting, non-participating exchangeable shares. Once exchangeable shares are created and Canopy USA acquires US THC businesses, investors are expected to have an opportunity to participate in the US cannabis market.

Aurora Touts 41% YoY Increase In International Medical Cannabis Q3 Revenue, Expands In Australia Via New Acquisition

Canadian medical cannabis company Aurora Cannabis reported its financial and operational results for Q3 2024. Net revenue increased to CAD64.4m ($42m), up from CAD61.1m in the same quarter the previous year. Medical cannabis net revenue rose by 16% to CAD45.1m, representing 70% of Aurora's consolidated net revenue. Gross profit reached CAD19.8m, up from CAD3.7m in Q3 2022, with adjusted gross profit before fair value adjustments increasing to CAD32.4m from CAD28m. The company recorded a CAD25.5m net loss compared to CAD67.2m in the same quarter in the previous year. Adjusted EBITDA came in at CAD4.3m, up from CAD3m. Miguel Martin, CEO of Aurora, said the company's international medical net revenue had seen year-on-year growth of 41%.

Multi-Banner Cannabis Retailer's Q3 Revenue Slumps Over 42% YoY But CEO Remains Optimistic

Shiny Health & Wellness Corp. has reported a decrease in sales to CA$ 4.3 million ($3.2m million) for the three months ending October 31, 2023, down from CA$ 7.46m the previous financial year. The decline was attributed to market trends in the Ontario cannabis retail sector throughout the period, the pharmaceutical company said. Shiny Health also closed underperforming adult-use cannabis dispensaries and sold a number of larger stores. The Toronto-based firm recently inked an agreement with Karan S. Holla for his chain of 10 adult-use cannabis retail outlets, Stash & Co. CEO Meris Kott said Shiny Health was gradually building its brand presence in Ontario. The pharma company revealed that it made a CA$ 6m net loss for the quarter, an uptick from the CA$ 1.75m loss in the corresponding period the year before.

Drive-Thru Cannabis Sales Help C21: Same-Store Sales Up, But Revenue Down In Q3

C21 Investments reported a 4.5% year-over-year and a 3.9% sequential decrease in revenue to $6.9 million for the third quarter ended October 31. The Vancouver-based company also reported a sequential increase in same-store sales. Gross profit totaled $2.7 million, down from $3.9 million in the prior year's quarter, and the net loss was $376,150 compared to net income of $248,507 in the same period last year. C21 Investments generated $0.9 million of adjusted EBITDA, unchanged from the prior quarter, and cash at the end of Q3 was $1.9 million, unchanged since the start of the year.

Consolidation And Cost Reduction Measures Behind 112% YoY Q3 Revenue Growth For Cannabis Co. BZAM

BZAM Ltd. (CSE: BZAM) (US-OTC: BZAMF) announced its financial and operating results on Tuesday for the three and nine-month period ended Sept. 30, 2023.

Cannabis Extracts Producer PharmaCielo Narrows Loss, Cuts Expenses In Q3, CEO Projects Higher Profitability

PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF) the Canadian parent of Colombia's cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., announced its financial results on Wednesday for the third quarter

SLANG Shares Surging: Growth Continues For Cannabis Co. As Q3 Revenue And Gross Profit Increase

SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) reported on Tuesday results for the three and nine months ended Sept. 30, 2023, revealing an increase in both revenue and gross profit, sequentially and year-over-year.

Cannabis Company Bets On This Top Weed State Where Revenue Tripled YoY

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced its third quarter financial results on Monday for the three months ended Sept. 30, 2023, revealing an 18% year-over-year drop in revenue.

California Cannabis Producer Reports Revenue Challenges In Q3 As Gross Margins Improve YoY

Leef Brands, Inc. (CSE: LEEF) (OTC: LEEEF) announced its third-quarter results Tuesday for the three months ended Sept. 30, 2023, revealing a 19% year-over-year decrease in revenue to $5.7 million.

Cannabis Company's Optimization Plan Results In Over 50% YoY Increase In Adjusted EBITDA, Q3 Revenue

AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported its third quarter financial results on Thursday for the three months ended Sept. 30, 2023.

California Weed Co. Settles Debt And Celebrates Turn-Around In Q3

Unrivaled Brands, Inc. (OTCQB: UNRV) reported its third quarter financial results Tuesday for the three months ended Sept. 30, 2023, revealing an 11.4% year-over-year drop in revenue to $8.6 million.

Defying Cannabis Market Challenges: Canadian Pot Producer Reports YoY Revenue Growth

Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) reported its third quarter financial results on Tuesday for the three months ended Sept. 30, 2023, revealing a 5% year-over-year increase in revenue to CA$10 million ($7.26 million).

Strong Margins And Cash Flow Drive Cresco's Q3 Performance Despite Revenue Decline

Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) released its financial and operating results on Wednesday for the third quarter ended Sept. 30, 2023, revealing a 9.4% year-over-year decrease in revenue to $190.5 million.

East Coast Drives Growth For This Cannabis Company, Narrows Q3 Net Loss By Nearly 70% YoY

Acreage Holdings, Inc. (CSE: ACRG.A.U) (ACRG.B.U) (OTCQX: ACRDF) reported its financial results Tuesday for the third quarter ended Sept. 30, 2023, revealing consolidated revenue of $56.5 million, an 8% year-over-year and 2.8% quarter-over-quarter decrease.

Cannabis REIT Stock Trading Higher On Reporting 17% YoY Revenue Growth In Q3

Zoned Properties, Inc. (OTCQB: ZDPY), a cannabis-focused real estate development firm reported its third quarter financial results on Tuesday for the three and nine-month period ended Sept. 30, 2023.

Mary Jones Cannabis Sodas' Revenue Drop, Q3 Was 'More Challenging Than Expected,' CEO Says

Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) reported its financial results on Thursday for the third quarter ended September 30, 2023.

Restructuring Efforts Yield Results For Cannabis-Focused Agriculture Equipment Maker Despite 27% YoY Revenue Drop In Q3

Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) announced its financial results on Thursday for the third quarter ended Sept. 30, 2023, revealing a nearly 27% year-over-year net sales drop to $54.2 million.

This Ancillary Cannabis Company Is Cashing In With 69% YoY Revenue Increase In Q3

Urban-gro, Inc. (NASDAQ: UGRO) reported its financial results Thursday for the third quarter ended Sept. 30, 2023, revealing a 69% year-over-year and 11% sequential increase in total revenues to $20.9 million.

Another Cannabis Company Benefits From Maryland's Green Rush, iAnthus Cuts Q3 Net Loss While Growing Revenue

iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQB: ITHUF) reported its financial results on Thursday for the third quarter ended September 30, 2023.

Regulatory Headwinds Harm CBD Sales For Charlotte's Web: YoY Drop In Q3 Revenue, Gross Profit

Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported its third-quarter results on Thursday for the three months ended Sept. 2023, revealing a nearly 16% year-over-year decrease in revenue to $14.3 million.

Zig-Zag Rolling Paper Will Benefit From Weed Consumption Trends, CEO Says Post Q3 Earnings

Turning Point Brands, Inc. (NYSE: TPB) reported its third quarter financial results on Wednesday for the three months ended Sept. 30, 2023, revealing a 10.2% year-over-year decrease in Zig-Zag products net sales to $46.8 million.