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Electric machinery maker Greenland sees 65% spike from financial turnaround
Greenland completed its IPO in 2018 and merged with Hong Kong's Zhongchai Holding the following year
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Business
Revenue mushrooming was attributed to the company's cannabis operations and functional fungi drinks
Earnings
22 stores have been on strike since May 20
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Branded Legacy has 1,000% monthly revenue increase this September
The company credits its recent financial success to the acquisitions of Alpha Growers and Magic 1 Promotions
Tilray reports net revenue of $153.2M in Q1 2023
The company reported an international cannabis revenue of $10.4 million
Hemp Inc. has 315% revenue increase throughout the last 3 quarters
The company attributes its recent financial success to CBD and oil-absorbing product distribution
Aurora medical sales reach $36.6M accounting for 72% of Q4 net revenue
Net loss for Q4 was $618.8 million which was due to non-cash impairment charges of $505.1 million
SQDC reports Q1 net income of $20.5M, 24% of stores still on strike
Of the 28 stores represented by the Confédération des syndicats nationaux, 22 have been on strike since May 20
Khiron drops revenue by 4% to $4.5M in Q2
Khiron says it has developed a proven clinic business model with highly profitable medical cannabis sales in Colombia, the United Kingdom, Peru, Brazil and Germany.
Halo Collective reports 9.2% decrease in Q2 revenue
The company said there was a significant downturn in the California and Oregon markets
ShinyBud changes name to offer new health & wellness line of services
Over the last 18 months, the company has more than quadrupled the size of its cannabis store network.
Cannara Biotech ups revenue by 36% to $10.1M in Q3
The company also introduced two new cultivars during the quarter
Psychedelic therapeutics market to have steady growth: InsightAce
Clinical psychedelic sector value anticipated to ascend significantly into 2028
Numinus reports sequential revenue dip of 5.7%
The drop was due to a shift in Numinus Bioscience operations
American financial analysts report high cannabis sales over 4th of July weekend
Friday the 1st sees a 19% increase in pot-derived revenue from 2021
Kiaro reports Q1 revenue of $9.2M
Kiaro's eCommerce revenue growth went up 26% in the last quarter
Cannabis producer HYTN Innovations reports $255K in Q2 revenue
Revenues increased as a result of the company completing the construction of its Kelowna-based production facility
Khiron reaches new medical revenue records in Q1
Company growth within Colombia and Europe responsible for financial success this quarter
Flowr Corp posts $3.4M in revenue during Q1
The company posted a net loss of $5.8 million for Q1 2022, compared to a loss of $7 million during the same period last year
ShinyBud ends fiscal year with revenue up 95% to $20.6M
The cannabis retailer expanded its store portfolio from six to 28 corporate stores by the end of January
Entourage increases revenue 20% to $12.4M in Q1
The company owns the brands Color Cannabis, Saturday Cannabis and Royal City Cannabis Co.
Canopy Growth reports $112M in Q4 revenue, down 25% year-over-year
Cannabis revenue of $66 million during the fourth quarter represented a decline of 35 per cent
TGOD reports record revenue of $10.58 million in Q1
The launch of new products such as Cherry Mints, Maple Kush, pre-rolls boosted revenue this quarter
Ayurcann reports $2.75M in Q1 revenue, expands retail offerings
While revenue increased, Ayurcann reported gross margins of $580,000 in the first quarter, a 68 per cent decline from $1.8 million during Q1 2021
Rubicon Organics Q1 revenue drops to $5.2M, market share declines
Rubicon’s national market share of premium flower and pre-rolls dipped to 7.1 per cent during the first quarter from 7.6 per cent during Q4 2021
Indiva reports Q1 revenue dip 5.4% to $8.9M
Edible product sales represent 95% of net revenue in Q1 2022
Trees announces first quarter results, posting $1.7M in revenue
Trees posted $1.7 million in revenue during the first quarter compared to $0.5 million in Q1 2021, representing an increase of 225 per cent
VIVO Cannabis releases Q1 results, posting $6.9 million in revenue
VIVO continues to pursue its international expansion strategy, which now represents more than 50 per cent of its cannabis revenue
Halo reports slumping sales as Q1 revenue dips to US$7.6M
The American company has recently shifted its strategy to incubate and spin out cannabis-related companies
Sundial sees Q1 revenue slip 22% to $17.6M
Sundial's EBITDA plummeted to a $0.7 million loss during Q1 2022 after $18.4 million during the previous quarter
Auxly reports $22.6M revenue, $39.8M loss in Q1
Q1 revenue was comprised of approximately 61 per cent in cannabis 2.0 product sales
Delta 9 revenue slumps 27% to $12.5M during the first quarter
Supply chain issues, project delays and seasonal weakness contributed to decreased revenue during the first quarter
Medipharm reports 65% net loss decrease in Q1
The company also reported a 14 per cent decrease in revenue
Trulieve posts record first quarter revenue of US$318.3M
The firm had an adjusted EBITDA of US$105.5 million, up 4.5 per cent from US$100.9 million during the fourth quarter of 2021
Aurora dips Q3 revenue by 17% to $50.4M, shuts down Aurora Sky facility
Its Valley, Anandia and Whisler Alpha Lake are expected to be closed by the fourth quarter
Nova Cannabis sees Q1 sales increase to $49.8M
Nova’s sales growth resulted from new retail stores, transition to Value Buds low-cost model