Cannabis Stock Movers For April 12, 2024
GAINERS: Indiva (OTC:NDVAF) shares closed up 37.88% at $0.05 Belgravia Hartford Cap (OTC:BLGVF) shares closed up 26.45% at…
Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue
SLANG Worldwide Inc. announced on Friday financial results for the three and twelve months ended Dec. 31, 2023, revealing a double-digit decrease in both the fourth quarter and full year 2023 loss. "In 2023, we took a deliberate approach to advancing our strategy of profitable growth, creating a leaner, more nimble SLANG. As a result, we ended the year with increased gross profit, higher margins, and lower operating expenses which resulted in significantly lower total comprehensive loss and lower adjusted EBITDA loss, John Moynan, the company's CEO, said. "With the fourth quarter historically our seasonally lowest revenue quarter, we took the opportunity to further fortify our business and refine our product offering, which will help us make meaningful progress on the path to profitability."
Woman-Owned Gold Flora’s Strategic Cannabis Blueprint: 30% In-House Sales Boost, Profits, EBITDA Rise
In recent evaluations by Zuanic & Associates and Water Tower Research LLC, Gold Flora Corporation (OTC: GRAM), a key player in the competitive California cannabis market, reported its financial outcomes for the fourth quarter of 2023.
Mortgage And Property Finance Giant’s $354M Portfolio: Growth Amid Cannabis Sector Volatility
In a recent equity research report by Zuanic & Associates, Chicago Atlantic Real Estate Finance (NASDAQ: REFI) showcases resilience and growth within the volatile cannabis sector.
Marijuana Stock Movers For April 11, 2024
GAINERS: Belgravia Hartford Cap (OTC:BLGVF) shares closed up 31.24% at $0.01 Item 9 Labs (OTC:INLB) shares closed up…
Cannabis Market’s Trading Volume Surges Up 292%, Viridian Capital Highlights Mixed Liquidity
A recent analysis by Viridian Capital Advisors provides intriguing insights into the liquidity of cannabis companies, indicating both advancements and setbacks in the sector.
This Dividend-Paying Cannabis Stock Had Higher 1-Year Return Than Tesla, Citigroup, Apple And Zillow
If you added cannabis-focused real estate investment trust – Innovative Industrial Properties (NYSE:IIPR) about a year ago, you’d be enjoying solid returns.
Fed-Funded Study Finds Increase In Medical Marijuana Patient Enrollments, Chronic Pain Most Common Reason
The state-legal medical marijuana programs nationwide have seen an uptick in the number of new patients enrolled since 2020, according to newly published federal research in the journal Annals of Internal Medicine. The study, conducted by the Center for Disease Control and Prevention (CDC), the Department of Veterans Affairs (VA) and the University of Michigan showed that there were 4.1 million registered medical cannabis patients in 2022 countrywide, compared to 3.1 million in 2020. That's a 33.3% increase over two years. The researchers proposed that the increase is simultaneous with "increasing cultural acceptance of cannabis, recognition of the harm of the ‘war on drugs' (for example, mass incarceration and related consequences, such as family separation, trauma, and economic loss), and interest in the potential therapeutic properties of cannabis," reported Marijuana Moment.
Flora Growth Moves Into EU Market Through Strategic Polish Distribution Deal
Discover Flora Growth's strategic entry into Poland's booming cannabis market through a deal with Me Raw, expanding its potential in the EU.
MariMed Is On A Roll: Partners With Two Iconic Music Venues In Boston, Acquires Another Illinois Cannabis Dispensary
Multi-state marijuana operator MariMed has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois. The Massachusetts-based company said the green light from the Illinois Department of Financial & Professional Regulation for the license transfer and subsequent closing of the acquisition, allows MariMed to fully consolidate the financial results of the company's Thrive-branded dispensary in Casey, Illinois. Previously, the dispensary has been operated under a managed services agreement. The move comes on the heels of MariMed's last week's acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George's County in Maryland. Jon Levine, MariMed's CEO and one of the speakers at the Benzinga Cannabis Capital Conference next week, said "maximizing our footprint there [in Maryland] has long been one of our top strategic priorities."