Read More

Marijuana Regulatory Challenges, Social Equity And The Cannabis Landscape In New York And New Jersey

In the ever-changing landscape of cannabis legalization, recent advancements in New York and New Jersey underscore the intricate interplay between regulatory decisions and social equity initiatives, charting the course for the future of the marijuana industry.

CSE:GDNS

Read More

Craft Cannabis Co. Grown Rogue Sees 29% Revenue Increase In Q4, Expands Construction Progress In New Jersey

Grown Rogue International has reported a 29% YoY increase in revenue for its fiscal Q4 2023, reaching $6.5m. The cannabis company saw a 3% sequential increase in revenue, despite a downturn in its Oregon outdoor business. The firm's CEO, Obie Strickler, said that despite sales being down from the previous quarter, Grown Rogue is on an "upward trajectory." Other Q4 financial highlights include gross profit of $4.4m and an adjusted EBITDA of $2.1m, compared to an adjusted EBITDA gain of $1.7m in the prior year's period. Grown Rogue unveiled plans to enter New Jersey's cannabis market, with construction already underway and scheduled to be completed in Q2 2024.

CSE:GDNS