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X @The Economist
The Economist· 2025-07-11 14:40
Environmental Policy & Economics - Environmentalists' solutions are often detached from economic realities [1] - Opposition to nuclear energy led to increased coal plant construction [1] - Economic viability should be a central consideration for green projects [1]
Axfood AB (publ) (AXFOF) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-07-11 12:57
Core Insights - The company reported a strong second quarter with growth significantly exceeding market development [3] - Continued momentum in key retail chains such as Willys, Hemköp, and Snabbgross, driven by affordable and attractive offerings [3] - Investments in automation and logistics are enhancing efficiency and competitiveness [4] - Strategic initiatives are in place to strengthen market positions of retail chains [4] - Progress in sustainability efforts, including the inauguration of Sweden's largest solar park [4]
Legal Cannabis Global Market Forecast to 2030 | Shifting Consumer Demographics and Preferences are Driving Product Diversification and Strategic Investments
GlobeNewswire News Room· 2025-07-11 12:56
Market Overview - The Legal Cannabis Market has grown from USD 33.52 billion in 2024 to USD 42.91 billion in 2025, with a projected value of USD 144.18 billion by 2030, reflecting a compound annual growth rate (CAGR) of 27.52% [2][11]. - The market evolution is driven by legislative changes, consumer behavior, and technological advancements [2]. Industry Dynamics - Legislative changes and increasing consumer acceptance have led to a diverse range of products, including extracts and edibles, while regulatory bodies are enhancing quality control measures [3]. - Vertical integration and partnerships are essential for achieving scale and distribution advantages, with advances in cultivation improving yields and consistency [4]. - Federal developments are fostering optimism regarding interstate commerce and harmonized licensing and taxation frameworks [5]. Investment Trends - There is a noticeable shift towards ancillary services and strategic mergers and acquisitions, which are reshaping competitive landscapes and refining value creation across the supply chain [6]. - Decision-makers are gaining strategic insights to identify opportunities amid evolving consumer preferences and technological advancements [6]. Tariff Impact - New tariff structures in 2025 have increased costs for cultivation and processing, leading to reassessments of manufacturing locations and supplier networks [8]. - Retailers are facing margin pressures due to increased duties on imported machinery and packaging components, often passing costs to consumers [9]. - Regional operators are diversifying sourcing strategies to mitigate future tariff effects, fostering collaborative partnerships to maintain resilience [9]. Key Report Attributes - The report spans 193 pages, covering the forecast period from 2025 to 2030, with an estimated market value of USD 42.91 billion in 2025 and a forecasted value of USD 144.18 billion by 2030 [11].
Cannabis Stock Cresco Labs Plunges 24% YTD: Time to Sell or Hold?
ZACKS· 2025-07-11 12:36
Core Insights - Cresco Labs (CRLBF) is facing persistent challenges in the U.S. cannabis market despite being a leading vertically integrated operator [1][2] - The company reported a 10% year-over-year decline in revenues for Q1 2025, totaling $165.8 million, amid restrictive federal laws and fragmented state regulations [3][9] - Adjusted gross margin decreased to 49.3%, down 220 basis points year-over-year, while adjusted EBITDA margins contracted to nearly 22% from 28.8% [4][9] - The company anticipates further revenue pressure in Q2 due to a mandatory system transition in Illinois, despite ongoing expansion efforts [5][9] - Cresco's stock has declined 24% year-to-date, contrasting with a 6% rise in the industry [8] Company Performance - Cresco's revenues are solely generated from the U.S., making it vulnerable to domestic market challenges [2] - The company generated $30 million in operating cash flow, but profitability is under pressure from rising costs [4] - Loss estimates for 2026 and 2027 have widened over the past 60 days, indicating ongoing financial difficulties [11] Competitive Landscape - Cresco faces stiff competition from peers like Aurora Cannabis, Canopy Growth, and Tilray Brands, which are also pursuing expansion and cost-optimization strategies [6] - Competitors are diversifying their revenue streams internationally, giving them an edge over Cresco, which remains reliant on the saturated U.S. market [7] Future Outlook - The company's turnaround is contingent on a broader regulatory shift in the U.S., which remains uncertain in the near term [12] - Despite operational discipline and free cash flow generation, the stock is considered to have limited upside and elevated risk for conservative investors [12]
Westlake (WLK) 2017 Earnings Call Presentation
2025-07-11 12:07
Financial Performance - Westlake's Net Sales reached $7766 million[5] - The company's EBITDA was $1631 million[5] - Net Income attributable to Westlake was $601 million[5] - Olefins EBITDA was $796 million, accounting for 47% of the total[5] - Vinyls EBITDA was $915 million, representing 53% of the total[5] Strategic Initiatives and Growth - The acquisition of Axiall has created a diverse, vertically-integrated chemicals leader[8] - Westlake expects to realize $120 million in synergy savings and cost reductions in 2017 and a total of $200 million by 2018 from the Axiall acquisition[8] - Westlake has a polyethylene capacity of 2600 million lbs[13] Market Position and Advantages - Westlake is the second largest producer of PVC in North America and the third largest globally[47] - Westlake is the third largest producer of Chlor-Alkali in North America and the third largest globally[47] - Westlake has one of the highest LDPE product mix percentages in North America[29]
Trulieve Partners with Redemption Cannabis to Launch Purpose Led Products in West Virginia
Prnewswire· 2025-07-11 12:00
TALLAHASSEE, Fla., July 11, 2025 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the launch of Redemption Cannabis products at Trulieve dispensaries in West Virginia.Redemption Cannabis, founded by industry advocate Ryan Basore, reinvests a portion of every sale to support individuals and families impacted by cannabis prohibition laws. Redemption's mission stems from Basore's commitme ...
Enviri Corporation Announces Timing of Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-07-11 12:00
PHILADELPHIA, July 11, 2025 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it will issue its second quarter 2025 earnings results on Tuesday, August 5, 2025 prior to NYSE market open. The Company will also host its quarterly conference call and webcast that morning beginning at 9:00 a.m. ET. Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.enviri.com. The live call also can be accessed using the belo ...
X @Polygon
Polygon· 2025-07-11 11:57
The most complex upgrade in Polygon history is live! Heimdall v2 brings:• finality down to ~5 seconds (from ~1min)• better network stability• modern, future-proof core infrastructureThe team worked diligently with node operators to ensure a smooth upgrade, and despite a longer window of maintenance than expected, the new upgrade is whirring.Good for users, good for developers, good for payments. We’re so excited to show you what we can do.Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal):Product Ann ...
X @Bloomberg
Bloomberg· 2025-07-11 11:40
Just as Democrats are ready to make housing cheaper, White House policies will restrict workers, increase building costs and hurt demand, writes @Erika_D_Smith (via @opinion) https://t.co/CWOJxuA89Y ...
PriceSmart(PSMT) - 2025 Q3 - Earnings Call Presentation
2025-07-11 11:04
Business Overview - PriceSmart operates 55 warehouse clubs in 12 countries and one U S territory, serving nearly 20 million members[12,36] - The company is considering Chile as a potential new market for expansion[36] - The company's value proposition is based on "The Six Rights," focusing on merchandise, time, place, condition, quantity, and price[14] Financial Performance - Total revenue for the trailing twelve months (TTM) is $52 billion[51,131] - Net merchandise sales reached $385 billion year-to-date (YTD), with a 72% growth rate[104] - Membership income grew by 133% YTD, reaching $630 million[104] - Omni-channel sales represent 58% of total net merchandise sales YTD[104] Growth and Expansion - The company is planning to open its 57th club in La Romana, Dominican Republic, in the spring of 2026[17] - Digital platforms accounted for 49% of total net merchandise sales[17] - Private label penetration reached 277% of total net merchandise sales for the nine-month period ended May 31, 2025[71] Membership and Loyalty - The membership renewal rate is 880%[33,52] - The company has 197 million members[33,51]