Canadian Weed Producer Reduces Net Loss For 2023 But Reports Higher Debt
Canadian marijuana company Red White & Bloom Brands Inc. (CSE:RWB) (OTC:RWBYF) reported its financial results Monday for the fourth quarter and…
4/20 Cannabis Retail Frenzy: Leading Brands Ready For Record Sales Surge – Who Will Lead?
This 4/20 cannabis retailers anticipate record-breaking sales fueled by last year's +130% spike and the fortunate alignment of this year's celebration falling on a Saturday.
Fast Track Recap: Colorado & Michigan Weed Sales Decline, Virginia Eyes Legal Market, Stock Winners & Losers
Colorado's cannabis market, once a frontrunner in the U.S. for recreational marijuana sales, has experienced a downturn.
Toronto Weed Producer Seals Deal For Over $100M In Annual Revenue As RWB Finalizes Aleafia Health Buyout
Red White & Bloom has completed its acquisition of Aleafia Health and its subsidiaries, RWB Canada has obtained Aleafia Health's intellectual property assets and purchased shares in the companies Emblem Cannabis, Aleafia Retail and Canabo Medical. It acquired 9.4% of One Plant from Aleafia and obtained shares, an 86-acre cultivation site in Port Perry, Ontario and a 65,000sq ft cultivation, processing and packaging facility in Paris, Ontario. In a press release RWB CEO Bradley R. Rogers said the acquisition "provides a clear and near-term path to combine our teams while rolling up strategic assets across Canada." RWB anticipates generating CA$140m ($105m) of annualized revenue across north American retail and distribution channels from the combination, with Colby De Zen, president of RWB, forecasting "annual synergies exceeding CA$12 million".
Ontario To Ohio: RWB’s Strategic Leap Fuels Revenue Boost
RWB reports rising revenues and strategic growth in Ohio, highlighting fiscal improvements and expansion of its cannabis operations.
Tilray, Surfside, AYR & RWB Expand: Ohio’s New Cannabis Market And Florida On The Brink
AYR Wellness, Inc. Cannabis Dispensary Launches Kiva Confections in Florida
AYR Wellness, Inc. (OTC: AYRWF) cannabis dispensary introduced Kiva Confections' Camino Soft Chews to its 62+ Florida dispensaries.
Viridian Chart Of The Week: A Valuable Investor Tool To Track Cannabis Credit Quality
Monitoring the credit quality of portfolio companies has become critical in the capital-starved environment of 2023, and, in fact, credit analysis has become the new equity analysis. Credit quality is multidimensional by nature: The Viridian Credit Tracker Model uses 11 market and financial variables to quantify four main credit factors: Liquidity, Leverage, Profitability, and Size, each o
Toronto Weed Producer Announces Successful Bidder For Sale And Investment Process
Aleafia Health Inc. (OTCQB: ALEAF) (TSX: AH) announced on Thursday that Red White & Bloom Brands Inc.
Canadian Cannabis Producer Reduces Net Loss In Q2, Reports Drop In Revenue And Gross Profit Improvement
Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) reported on Tuesday its condensed interim consolidated unaudited financial results for its second quarter ended June 30, 2023.
Cannabis Stock Gainers And Losers From August 25, 2023
GAINERS: Clever Leaves Holdings (NASDAQ:CLVR) shares closed up 2433.26% at $4.57 Skye Bioscience (OTC:SKYE) shares closed up 35.00%…