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New York Weed Giant’s Collab With Airo Brings Cannabis Vaping To Next Level In These Two States

By Jelena Martinovic
April 26, 11:31 AM
The Cannabist Company Holdings Inc. announced on Friday its latest expansion with Airo Brands, a multi-state cannabis company focused on proprietary, cutting-edge vapor delivery platforms and flavorful, high-quality oils, into Virginia and Pennsylvania. "Expanding into Virginia and Pennsylvania underscores our commitment to providing the highest quality products and demonstrates the precision and expertise of The Cannabist Company to create consistent experiences across multiple markets, which is critical for developing brand equity," Volley Hayhurst, vice president of operations at the New York-based company, said.

CBSTF

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2 minute read

Investors Shuffle Stock Positions In Aurora Cannabis: Beyond Earnings, Liquidity Looks Appealing

By Nicolas Jose Rodriguez
April 25, 7:45 PM
Aurora Cannabis Inc. captured investor attention with a dramatic 38% increase in options trading and a significant 18.2% surge in stock price in a single trading day. These movements underscore a robust financial period for the company, which reported quarterly revenues of $53.34 million, surpassing expectations by nearly 16%.

ACB

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2 minute read

Grown Rogue Boosts Ownership Of Michigan Cannabis Operations

By Jelena Martinovic
April 25, 11:02 AM
Grown Rogue International Inc. has increased ownership in its Michigan operations from 52.2% to 80% via two transactions valued at $2.8 million. The purchase price included $200,000 paid in cash and $2.6 million paid by way of four-year sellers' notes, the company said on Thursday. Grown Rogue boosted its ownership in Golden Harvests, LLC, the entity that controls its Michigan operations, operating out of an 80,000 sq ft facility containing roughly 15,000 sq ft of flowering bench space.

CSE:GRIN

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3 minute read

Cannabis Edibles Maker Indiva Reports Record Revenue In 2023, Positive EBITDA And Income From Q4 Operations

By Jelena Martinovic
April 25, 10:07 AM
Canadian cannabis edibles producer Indiva Limited announced on Thursday its financial and operating results for the fourth quarter and fiscal year ended Dec. 31, 2023. For the fourth quarter, the company reported a 53.3% increase year-over-year increase in gross profit before inventory write-down to CA$4.2 million (roughly $3 million). Gross margin before inventory write-down improved to a record 38.5% of net revenue, versus 37.1% in the prior quarter and 29.3% in the prior year's period. Indiva attributed the improvement in gross margin percentage year over year to higher sales, improved operating efficiencies and a positive mix shift toward higher-margin products.

NDVAF