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High Tide Marks Major Milestone with Opening of 200th Canna Cabana Location in Alberta
Prnewswire· 2025-05-29 10:00
Core Insights - High Tide Inc. is set to open its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, on June 3, 2025, marking a significant milestone in its growth strategy [1][3] - The new store is strategically located in Sherwood Park Mall, a key retail hub that attracts substantial foot traffic, serving a community with a population exceeding 75,000 [2] Company Growth and Strategy - The company has focused on high-traffic, high-potential locations, avoiding subpar deals that have led to store closures in the cannabis sector, thus ensuring sustainable growth [3] - High Tide's growth has been primarily funded by its own cash flow, with a significant portion driven organically, which is considered rare in the cannabis retail industry [3] - The company aims to surpass 300 stores in Canada, continuing its responsible and strategic approach to growth [3] Retail Operations - High Tide operates the largest cannabis retail chain in Canada, with 200 locations across various provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario [4] - The company has introduced innovative retail technology, such as Fastendr™, which enhances the customer buying experience through automated kiosks [5] Brand and Product Diversification - High Tide boasts a diverse brand portfolio, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [6] - The company is also involved in the CBD market through various platforms, expanding its product offerings beyond traditional cannabis [6] Industry Recognition - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]
Rubicon Organics Clears Conditions for Hope Facility Acquisition, Advancing Growth Strategy
Globenewswire· 2025-05-22 12:00
Core Insights - Rubicon Organics Inc. has successfully removed all conditions precedent related to its purchase and sale agreement for the Hope Facility, a 47,500 square foot indoor cultivation facility in British Columbia [1][2][3] - The acquisition is expected to significantly enhance the company's premium production capacity and support its growth strategy, with the first harvest anticipated by the end of 2025 and revenue expected in early 2026 [2][4] Company Overview - Rubicon Organics is a licensed producer focused on cultivating and selling organic certified and premium cannabis products, with a vertically integrated structure through its subsidiary Rubicon Holdings Corp [6][7] - The company aims to achieve industry-leading profitability through its premium cannabis flower, product innovation, and brand portfolio management, which includes flagship brands such as Simply Bare™ Organic, 1964 Supply Co™, Wildflower™, and Homestead Cannabis Supply™ [6][7] Facility Details - The Hope Facility is designed with advanced cultivation technology and is expected to have an annual production capacity of up to 4,500 kilograms [4] - The facility will play a crucial role in expanding Rubicon Organics' premium product offerings to meet rising demand in the market [4][6]
Tilray Medical Brings Canada’s Iconic Cannabis Brand Good Supply to Germany
Globenewswire· 2025-05-22 11:00
Core Insights - Tilray Medical has launched its cannabis brand Good Supply in Germany, aiming to provide affordable and reliable medical cannabis options for patients [1][2][3] - The introduction of Good Supply reflects Tilray's commitment to enhancing patient care and empowering healthcare professionals with innovative medical cannabis solutions [2][3] - Good Supply offers a variety of cannabis strains, available in both 15g and 500g, catering to the diverse needs of patients [2][7] Company Overview - Tilray Medical is a leading player in the global medical cannabis industry, with operations in Canada, Portugal, and Germany, and is recognized for its commitment to quality and innovation [3][4] - The company has established itself as a trusted supplier of medical cannabis, with a portfolio that includes multiple brands designed to meet patient needs worldwide [4][6] - Tilray Brands, Inc. operates as a global lifestyle and consumer packaged goods company, focusing on cannabis, wellness, and entertainment, with a mission to inspire joy and create memorable experiences [6]
Top Marijuana Stocks In A Volatile Market
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-05-21 15:48
Here Are Ways To Invest In Legal CannabisRight now, cannabis companies are still reporting Q1 2025 earnings, and for most things, are looking good. It is undeniable how well the cannabis industry is doing, even as the road ahead is still a tough one. Profits are being made and growth is occurring throughout the sector.But this has yet to help how marijuana stocks perform. There has been a volatile downturn for some time, and even with the progress of business pot stocks won’t move up. Now, with this success ...
Verano to Celebrate Grand Opening of Zen Leaf Enfield, Company’s Seventh Connecticut Dispensary, Throughout Memorial Day Weekend
Globenewswire· 2025-05-21 10:00
Core Viewpoint - Verano Holdings Corp. is expanding its retail presence in Connecticut with the opening of Zen Leaf Enfield, increasing its total dispensary count to 157 nationwide, and actively engaging in community development projects [1][2][5]. Group 1: Company Expansion - Zen Leaf Enfield will officially open on May 23, 2025, marking the seventh retail location for Verano in Connecticut [1]. - The company now operates 157 dispensaries across the United States and has 15 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity [5][9]. Group 2: Community Engagement - Verano is supporting the Thompsonville Fire Department by providing funds for a year's supply of Narcan to aid in combating the opioid crisis [3][5]. - The company is also involved in local charitable initiatives, including a food donation drive for Enfield Loaves and Fishes and Enfield Food Shelf [3][5]. Group 3: Grand Opening Activities - The Grand Opening celebration will feature various activities, including a ceremonial ribbon cutting with community leaders and local partners [6][7]. - Special promotions will be available during the opening weekend, including discounts on cannabis products and complimentary food from local vendors [6][8]. Group 4: Local Economic Development - Zen Leaf Enfield is strategically located near the Enfield Square Mall, which is undergoing a $250 million redevelopment into the Enfield Marketplace, aimed at boosting local economic growth [2][5]. - The company aims to contribute to the long-term success of the Enfield community by investing in local job opportunities [2].
FLUENT Launches KNACK Whole Flower Brand in Florida, Expanding New York Line to the Sunshine State
Globenewswire· 2025-05-20 17:59
Core Insights - FLUENT Corp. has launched its whole flower brand KNACK in Florida, expanding from its successful debut in New York [1][2] - KNACK offers a curated selection of hybrid, indica, and sativa strains in a 3.5-gram format, now available at all 35 FLUENT dispensaries in Florida [1] - The launch signifies FLUENT's commitment to enhancing the quality of whole flower products through improved cultivation practices and consumer engagement [3][5] Company Overview - FLUENT Corp. is a national cannabis consumer packaged goods company focused on operational excellence in cultivation, production, distribution, and retail [7] - The company operates in multiple states, including Florida, New York, Pennsylvania, and Texas, with over 700 employees across 8 cultivation and manufacturing facilities and 42 retail locations [9] - FLUENT's product portfolio includes various brands such as MOODS, Knack, Wandr, Bag-O, and Hyer Kind [7] Product Development - The introduction of KNACK in Florida is part of FLUENT's strategy to raise the standard of whole flower products in the state [3] - Future plans for KNACK include the release of multipack pre-rolls and larger whole flower sizes in Florida, following their recent success in New York [6] - The brand emphasizes quality, authenticity, and transparency, aiming to cater to true cannabis connoisseurs [5][8]
High Tide Opens Two New Canna Cabana Locations in Ontario and Alberta
Prnewswire· 2025-05-20 10:00
Core Viewpoint - High Tide Inc. is expanding its retail cannabis footprint in Canada with new store openings in Brantford, Ontario, and Calgary, Alberta, bringing its total to 199 Canna Cabana locations across the country [1][6]. Group 1: Store Openings - The Canna Cabana store in Brantford will start selling recreational cannabis products on May 20, 2025, while the Calgary location will open on May 23, 2025 [1]. - The Brantford location is situated in a shopping plaza serving over 110,000 people, with limited competition in the area, making it a strategic entry point for the company [2]. - The Calgary store is located in a rapidly growing area with no competitors within a 4-kilometer radius, surrounded by residential neighborhoods and a shopping plaza [3]. Group 2: Strategic Expansion - The company is focused on reinvesting profits to expand its physical presence in markets with strong long-term potential, as demonstrated by the new store openings [4]. - High Tide aims to accelerate its store rollout, nearing the milestone of 200 Canna Cabana locations, with more locations under construction expected to be announced throughout the year [5]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a diversified and fully integrated operation across all components of cannabis [6]. - Canna Cabana is the largest cannabis retail chain in Canada, with 199 locations across various provinces, and was the first cannabis discount club retailer in the world [6]. - The company has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [10].
Rubicon Organics Announces Appointment of Glen Ibbott as Interim CFO
Globenewswire· 2025-05-15 11:00
Core Viewpoint - Rubicon Organics Inc. has appointed Glen Ibbott as Interim Chief Financial Officer, succeeding Janis Risbin, who will transition to an advisory role [1][2][3] Group 1: Leadership Changes - Glen Ibbott, a veteran in the cannabis industry and former CFO of Aurora Cannabis, brings over 25 years of leadership experience to Rubicon Organics [3][4] - Janis Risbin will step away from her full-time role but will assist in the transition to ensure continuity [2][4] Group 2: Strategic Importance - Ibbott's expertise is deemed crucial as Rubicon Organics aims to scale new capacity and explore new markets for its premium cannabis brands [3][4] - The company is positioned to capitalize on increasing demand for its premium cannabis products, with new capacity expected to come online this year [4] Group 3: Company Overview - Rubicon Organics is a global leader in premium organic cannabis products, focusing on profitability through its flagship brands, including Simply Bare™ Organic and 1964 Supply Co™ [6][7] - The company operates a state-of-the-art facility in Delta, BC, ensuring quality through its vertically integrated supply chain [7] Group 4: Future Plans - A comprehensive search for a permanent CFO will be initiated, focusing on candidates with deep financial expertise and a strong understanding of the cannabis industry [5]
Planet 13 Announces Q1 2025 Financial Results
Globenewswire· 2025-05-14 20:24
Q1 2025 Revenue of $28.0 millionQ1 2025 Net loss of $2.0 millionQ1 2025 Adjusted EBITDA loss of $2.5 million All figures are reported in United States dollars ($) unless otherwise indicated LAS VEGAS, May 14, 2025 (GLOBE NEWSWIRE) -- Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) (“Planet 13” or the “Company”), a leading vertically-integrated multi-state cannabis company, today announced its financial results for the three-month period ended March 31, 2025. Planet 13’s financial statements are prepared i ...
AFC Gamma(AFCG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 15:02
Advanced Flower Capital (AFCG) Q1 2025 Earnings Call May 14, 2025 10:00 AM ET Company Participants Gabe Katz - Chief Legal OfficerRobyn Tannenbaum - Chief Investment Officer & PresidentDaniel Neville - CEO & PartnerBrandon Hetzel - CFO & TreasurerPablo Zuanic - Managing PartnerChris Muller - Director - Equity Research Conference Call Participants None - Analyst Operator Good day, and welcome to the Advance Flower Capital Q1 twenty twenty five Earnings Call. At this time, all participants are in a listen onl ...