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What’s Going On With Weed Stocks Aurora Cannabis And Canopy Growth?

By Erica Kollmann
April 9, 1:30 PM
Aurora Cannabis, Inc. and Canopy Growth Corporation shares are trading lower Tuesday in sympathy with Tilray Brands which fell after reporting worse-than-expected third-quarter results. Tilray reported quarterly sales of $188.34 million which, missing the analyst consensus estimate of $198.5 million by 5.12 percent%. The company also said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.

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Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets

By Jelena Martinovic
April 9, 1:17 PM
Massachusetts-based integrated cannabis operator Nova Farms has received a $20 million loan facility from Chicago Atlantic Real Estate Finance. Nova Farms manages a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across the Bay State, Maine, and New Jersey. It was among the first businesses to secure licenses in Massachusetts upon the state's legalization of recreational cannabis back in 2016. Chicago Atlantic's capital investment is expected to back Nova Farms' efforts to expand its footprint of dispensaries in key states, namely New Jersey and Connecticut.

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Trulieve CEO To DeSantis Weed Bashing: Cannabis Is ‘Scientifically, Evidence-Backed Healthier’ Than Alcohol, Legalization Will ‘Improve Quality Of Life’

By Maureen Meehan
April 9, 9:16 AM
Rivers says voters stand to benefit from "having an alternative [to alcohol] that is absolutely, scientifically, evidence-backed" healthier. Rivers, founder & CEO of Trulieve is a speaker at the upcoming Benzinga Cannabis Capital Conference in Florida, April 16-17.

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Cannabis Giant Tilray Reports 30% YoY Increase In Q3 Net Revenue, Updates FY 2024 Guidance

By Jelena Martinovic
April 9, 8:48 AM
Tilray Brands reported on Tuesday financial results for its third quarter ended Feb. 29, 2024, revealing $188.3 million in net revenue, representing a 30% year-over-year increase. The Canadian medical cannabis company said beverage-alcohol net revenue increased 165% over the same period to $54.7 million. Global cannabis net revenue was up 33% year-over-year reaching $63.4 million, with international cannabis growth of 44% over the prior year quarter. "We made several notable achievements during the third quarter, including growing revenue across our core business segments, increasing our adjusted gross profit, reducing our convertible debt balance, progressing the integration of our recently acquired craft beverage brands, realizing operating synergies in integrating our HEXO acquisition, completing our Canadian and international cannabis cost reduction plans, and strengthening our balance sheet," Irwin D. Simon, the company's chairman and CEO, said.

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NASDAQ-Listed Marijuana Stocks, Tilray, Canopy, Aurora Rally: What’s Behind The Surge?

By Nicolas Jose Rodriguez
April 8, 6:33 PM
The Canadian cannabis sector is witnessing a notable upswing, driven by recent developments including Tilray's (NASDAQ: TLRY) earnings report, Organigram's investor day (NASDAQ: OGI) and pivotal movements by Canopy Growth (NASDAQ:

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