Tag: Marijuana Money

We got more earnings this week, but the really big news was the acquisition of Columbia Care by Cresco Labs. The $2 billion deal will make it the largest marijuana company in the U.S. The combined companies would be larger than Curaleaf, which had $1.2 billion in revenue. Cresco has 50 dispensaries and 21 cultivation […]

Greenlane Holdings, Inc. (NASDAQ: GNLN) is selling its headquarters, announced layoffs, and leadership changes in order for the company to become profitable. The company also said it expects net sales to be between $55.5 million and $56.5 million for the fourth quarter and between approximately $165.5 million and $166.5 million for the full year.   […]

It was a huge week for cannabis company earnings, so we’re just going to hit the big ones. Head over to the website for more in-depth information. Green Thumb Industries Inc.  (CSE: GTII) (OTCQX: GTBIF) reported total revenue in the fourth quarter of 2021 was $243.6 million, up 37.4%. Net income was $22.8 million. For […]

 Earnings season got off to a strong start this week. WM Technology better known as Weedmaps (Nasdaq: MAPS) announced its total revenue for the fourth quarter increased to $54.2 million, up 22%. This beat the Yahoo Finance average estimate for sales of $51 million and was higher than the third quarter’s sales of $50 million. […]

Ascend Wellness (OTC: AAWH) has pulled off the gloves in its latest complaint against MedMen (OTC: MMNFF) calling the company, broken and mismanaged and saying that it has repeatedly reneged on its promises to its employees, suppliers, shareholders, medical marijuana patients, regulators. MedMen had agreed to sell its New York assets to Ascend, but the […]

This week Green Market Report launched its Psychedelics industry newsletter called Psychedealia. We’re really excited to expand our newsletter offerings and allow you to Choose your News.  This week’s earnings season kicked off with a big name. The Scotts Miracle-Gro Company (NYSE: SMG) reported that company-wide sales in the quarter dropped 24% to $566 million. […]

It was a shortened trading week with markets closed on Monday for the Martin Luther King holiday. It was also a fairly quiet week for news in the industry.  Agrify Corporation (Nasdaq: AGFY) reported that its fourth-quarter 2021 new bookings exceeded $250 million and the company reaffirmed its fourth-quarter 2021 revenue guidance of $26 million […]

Tilray, Inc.  (Nasdaq: TLRY) stock jumped this week when the company turned in a solid earnings report for the second fiscal quarter with revenue increasing approximately 20% to $155 million versus last year’s $129 million.  Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) delivered its results for the first fiscal quarter with revenue increasing 57% to […]

Happy New Year everyone. We took a small break as the news cycle died down at the end of 2021, but we are back and ready to crush 2022. This week Emerald Holding (NYSE:EEX) said it is buying MJBiz in a deal valued at $120 million. In 2021, MJBiz’s revenues were approximately $27 million and […]

It was a rough week for some cannabis companies. News that Visa (NYSE: V) could begin cracking down on the way many cannabis customers use their debit cards to make a purchase and the change could have a devastating effect on the cannabis industry. The company sent out a memo warning that cashless ATM transactions […]