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Canopy’s net revenue increased 7%, but concerns about operations remain

| Sarah Clark |
Canopy Growth Corporation reports $72.8 million in net revenue in Q4 2024 and a net loss from continuing operations in fiscal 2024 of $483.7 million…

Decibel reports net loss, declining revenue in new quarterly report

| Sarah Clark |
Decibel Cannabis Company Inc. reported declining revenue and increased losses in its first three months of 2024 due to increased competition and lower exports.

Nextleaf Solutions reports $1 million loss in first three months of 2024

| Sarah Clark |
Cannabis processor Nextleaf Solutions reported revenue of $4.6 million but a loss of just over $1 million in the first three months of 2024.

Simply Solventless reports seventh consecutive quarter of positive EBITDA

| Sarah Clark |
Simply Solventless Concentrates generated $502,536 in net revenue in Q1 of 2024 from its cannabis brands.

Indiva reports strong edibles sales, net loss of $1.8 million in Q1 2024

| Sarah Clark |
Indiva reported a net loss of $1.8 million from $9.3 million in net revenue in the first three months of 2024, as the Ontario producer…

Rubicon Organics reports Q1 loss after strong 2023

| Staff |
Rubicon Organics Inc. brought in nearly $9 million in net revenue in the first three months of 2024 while reporting a $1.7 million loss on…

Delta 9 reports net income loss of nearly $5 million in first three months of 2024

| Sarah Clark |
Delta 9 Cannabis Inc. brought in $16.5 million in net revenue in the three months ending March 31, 2024, from its retail and wholesale cannabis…

MediPharm Labs reports continued growth in Canadian, international markets

| Sarah Clark |
MediPharm Labs Corp. reported a 67% increase in revenue in the first three months of 2024 compared to the same period in 2022 but still…

More losses for Organigram in newest quarterly report

| Sarah Clark |
Organigram reported another loss compared to the same period last year, according to the newest quarterly report for Q2 Fiscal 2024 ending March 31, 2024.

Auxly has best Q1 report ever, but still faces losses, growing concern

| Sarah Clark |
Auxly Cannabis Group Inc. had a great first three months of the year, with record revenue and margin and adjusted EBITDA in Q1 2024 compared…

SNDL reports first profitable quarter for cannabis production, increased losses for retail

| Sarah Clark |
SNDL Inc. reported net revenue of $71.3 million from its retail cannabis operations in the first three months of 2024 and $22.4 million from its…

Cronos’ losses continue to decline while domestic, export sales increase

| Sarah Clark |
The Cronos Group posted a net loss of $2.4 million in the first three months of 2024, compared to $18 million in the first three…

Village Farms cannabis sales increase in Q1 2024, even as exports decline

| Sarah Clark |
Village Farms Inc, the parent company of Pure Sunfarms, sold more than $50 million worth of cannabis in the first three months of 2024, with…

Cannabis sales continue to cool off in BC for second quarter in a row

| David Brown |
Cannabis sales declined in BC in the first three months of 2024 compared to the last three months of 2023 but still showed year-over-year growth.

Cannara Biotech reports increased net loss in Q4 2024

| Sarah Clark |
Quebec-based Cannara Biotech Inc. saw gross cannabis revenues before excise taxes increased to $26.3m in Q2 2024, up from $15.9m in Q2 2023.

Decibel reports net loss of $1.8 million in 2023, increased revenue from exports

| Sarah Clark |
Decibel Cannabis generated a net loss of $1.8 million in 2023, from $177 million in net sales, with adjusted net income of $8 million, according…

Indiva reports net revenue of $37.6 million in 2023, despite losses due to HC’s lozenge determination

| Sarah Clark |
Ontario’s Indiva reported net revenue of $37.6 million in 2023 as part of its most recent quarterly and annual report for 2023, an 11.3% year-over-year…

Avant Brands reports increasing revenues, supported by international sales

| Sarah Clark |
In its most recent quarterly report, Avant Brands reported $8.1 million in net revenue and $1.2 million in net income.

Tilray sees increased cannabis revenue, boosted by international sales

| Sarah Clark |
Tilray reported US$63.4 million in net revenue from its cannabis operations in the three months that ended February 29, 2024, one-third of the company’s total…

Stigma Grow focuses on infused products, pre-rolls

| Sarah Clark |
CanadaBis Capital Inc., the Alberta-based company behind cannabis producer Stigma Grow, reported over $2 million in gross profit, $109,901 in net revenue and comprehensive income,…

Rubicon Organics shows increased growth in 2023 annual report

BC-based cannabis producer Rubicon Organics Inc. reported an increase in net revenue and a decrease in net profit in its recent year-end results for 2023.

Nova Cannabis reports first year of net earnings, driven by data licensing program

Cannabis retailer Nova Cannabis Inc. reported its first year of net revenue in 2023, as part of its recently-released annual report. 

Sales up, losses down for Auxly in 2023

The cannabis producer’s newest annual report also shows a net income of $3.9 million compared to a net loss of $66 million in the previous…

SNDL reports $112 million loss from cannabis operations and $4.9 million in retail cannabis earnings

Alberta-based SNDL reported an operating income loss of $112 million for its cannabis operations and net earnings of $4.9 million for its retail cannabis operations…

High Tide Inc. reports increased revenue, declining losses, in newest quarterly report

High Tide Inc. is now the second-largest cannabis retailer in North America by store count, according to the company’s newest quarterly report.

Cannabis sales increased in Nova Scotia to more than $111 million, driven by sales of local products

The figures, shared in the Nova Scotia Liquor Corporation‘s annual report for 2022-2023, show a 9.3% increase in sales from the previous year and a…

Cannabis sales continued to increase in 2022-2023, with extracts leading the charge

Stats Canada reports that cannabis sales and related activities brought in $1.9 billion for the provincial and federal governments in the year ending March 31,…

Cronos shows declining losses, increased cost of sales in 2023

| Staff | , ,
Cronos Group Inc. says it has improved its cash flow in 2023 due to lower operating expenses and increased exposure to international markets.

Avant Brands brings in $30 million in revenue with a $5 million loss

Kelowna-based Avant Brands Inc. announced its audited financial results for the fiscal year ended November 30, 2023.

SQDC sold more than $200 million worth of cannabis in Q3 2023

Quebec’s Société québécoise du cannabis (SQDC) brought in $33 million for its third quarter of the 2023-2024 financial year, which ended December 30.

Organigram reports $15 million loss due to lower international revenue and medical sale

Organigram reported a net loss of $15.8 million in Q1 2024 and a 16% decrease in net revenue compared to the same period last year.

Canopy Growth reports $216 million loss in most recent quarterly report 

Canopy Growth Corporation, the company behind brands like Tweed, reported another loss this quarter of 216.8 million in the third quarter of 2024.

Net loss of $25 million for Aurora Cannabis in most recent quarterly report

Aurora Cannabis Inc. saw a net revenue of $64.4 million and a net loss of $25.2 million in the third quarter of fiscal year 2024.
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