earnings Archives

Debra BorchardtAugust 11, 2020

MariMed Inc. (MRMD:OTCQX) reported that its revenues rose 163% to $9.6 million for the second quarter versus $3.7 million for the same time period in 2019. Still, the company delivered a net loss of $1.2 million versus last year’s income of $4.6 million. The net income per share was flat at zero versus last year’s […]

Debra BorchardtAugust 6, 2020

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) stock fell over 13% to lately trade at $6.03 after the company reported a net loss for the second quarter of $107 million versus last year’s earnings of $185 million for the same time period. The loss of $0.31 cents per share was worse than the FactSet estimate […]

StaffAugust 6, 2020

TerrAscend Corp. (CSE:TER) (OTCQX: TRSSF) stock popped over 10% to lately trade at $3.84 after the company announced preliminary financial results for its second-quarter. TerrAscend’s net sales increased 36% sequentially and 169% year over year to $47.2 million. The quarter ended June 30, 2020, and all amounts are in Canadian dollars. “Our strong top and […]

Debra BorchardtAugust 6, 2020

MJardin Group, Inc. (CSE: MJAR) (OTCQX: MJARF) reported second-quarter revenue declined to $2.1 million from last year’s restated revenue of $6.8 million for the same time period. Net losses also increased to $12.4 million from last year’s net losses of $6.1 million. The company’s gross margin fell to $850,000 from last year’s $3.6 million, which […]

Debra BorchardtJuly 29, 2020

The Scotts Miracle-Gro Company (NYSE: SMG) reported fiscal third-quarter sales increased 28% to $1.49 billion, beating analyst estimate for $1.3 billion (Yahoo Finance). The stock was popping over 12% on the revenue and earnings beat. Hawthorne sales increased 72% to $302 million versus $176 million for the same time period a year ago. The U.S. […]

Debra BorchardtJuly 29, 2020

Aphria Inc. (NASDAQ: APHA) stock was falling almost 10% in early trading after the company reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, in Canadian dollars. Aphria delivered net revenue of $152.2 million in the fourth quarter, an increase of 18% from the prior-year quarter, and an increase of […]

Debra BorchardtJuly 27, 2020

PotNetwork Holdings, Inc. (OTC PINK:POTN) filed its 2019 Annual Report and reported that its revenues fell 41% to $15 million versus $25.5 million in 2018. The company attributed the drop in revenue to “distribution contraction as a result of the FDA Warning Letter, along with the paring and streamlining of the product lines in mid-2019.” […]

Debra BorchardtJuly 24, 2020

Namaste Technologies Inc. (OTCMKTS: NXTTF) reported net revenues of $6.9 million for the second quarter ended May 31, 2020, which was a 73% increase over the same period last year, and a 31% sequential increase over the first quarter of 2020. The company trimmed its net losses to $4.8 million from last year’s $8.6 million […]

Debra BorchardtJuly 21, 2020

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) reported its third-quarter net revenue fell to $18.0 million from last year’s $24.8 million for the same time period ending in May. The net loss increased 783% to $89.8 million from last year’s net loss of $10 million. “Since the onset of the global pandemic, the priority for […]

StaffJuly 15, 2020

Cannabis technology company POSaBIT Systems Corporation (CSE: PBIT) reported rising revenue for the first quarter of 2020 and said it expects to meet its prior forecast for revenue of $8 million for the year of 2020. Total revenue for the quarter ending March was $972,000, up 5% compared with $897,000 in the first quarter of 2019. […]

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

In other news

The Daily Hit: January 4, 2024

Connecticut Attorney General Tells Unlicensed Cannabis Events Company to Stop

Testing Concerns Lead to Quarantine for 70% of Mississippi MMJ Goods

Tag: earnings

MariMed Revenues Rise As Company Continues To Get On Solid Footing

Cronos Group Stock Falls As Losses Rise

TerrAscend Stock Pops 10% On Increased Sales For Second Quarter

MJardin Revenue Declines, AMI Ends Service Agreement

Scotts Miracle-Gro Increases Guidance As Hawthorne Sales Hit $300 Million

Aphria Sells Off After Taking COVID Hit To Earnings

PotNetwork Revenue Falls 41% To $15 Million

Namaste Tech’s Moves Beginning To Show Promise

Organigram Sales Hurt By Customers Wanting Value Products

POSaBIT Forecasts Profitability To Be Reached In Third Quarter As Revenues Rise

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

Get the latest cannabis news delivered right to your inbox

Get the latest cannabis news delivered right to your inbox