Cannabis Market
Search documents
Green Thumb Industries Reports Second Quarter 2025 Results
GlobeNewswire News Room· 2025-08-06 20:02
Core Insights - Green Thumb Industries reported a revenue of $293 million for Q2 2025, reflecting a 5% increase compared to the same period last year [4][5][9] - The company experienced a GAAP net loss of $0.65 million, or $0.01 per share, but would have reported a net income of $11 million, or $0.05 per share, excluding a one-time loss [10][9] - Adjusted EBITDA for the quarter was $82.7 million, representing 28.2% of revenue, down from 33.5% in the same quarter of the previous year [11][9] Financial Overview - Total revenue for Q2 2025 was $293.3 million, up 4.7% from the prior year, driven by the Consumer Packaged Goods segment [5][9] - Gross profit was $146.3 million, or 49.9% of revenue, down from 53.7% in the prior year, primarily due to price compression [7][9] - Selling, general, and administrative expenses increased to $106.8 million, or 36.4% of revenue, compared to 34.4% in Q2 2024 [8][9] Market Performance - Comparable sales decreased by 4.1% year-over-year across 91 stores, while overall retail revenue increased by 0.3% [6][9] - The company gained market share in key states such as Illinois, Pennsylvania, New Jersey, and Florida [4] Capital Allocation - Green Thumb repurchased approximately 5.6 million shares for $24 million at an average price of $4.28 per share during the quarter [14][9] - The total cash at the end of the quarter was $177 million, with total debt outstanding at $250 million [13][9] Balance Sheet and Liquidity - As of June 30, 2025, total assets were $2.55 billion, with total equity of $1.80 billion [13][25] - Current assets included cash and cash equivalents of $176.9 million [13][25]
Auxly to Report Second Quarter 2025 Results on August 14, 2025
Prnewswire· 2025-08-06 11:45
Group 1 - Auxly Cannabis Group Inc. will report its earnings results for the second quarter and six months ended June 30, 2025, on August 14, 2025, before the financial markets open [1] - The company will not host an earnings conference call and does not anticipate reinstating them until further notice [1] - All investor inquiries should be directed to the company's email [1] Group 2 - Auxly is a leading Canadian consumer packaged goods company in the cannabis products market, headquartered in Toronto, Canada [2] - The company's mission is to help consumers live happier lives through quality cannabis products that they trust and love [2] - Auxly's vision is to be a global leader in quality cannabis products [2]
Planet 13 Announces Q1 2025 Financial Results
Globenewswire· 2025-05-14 20:24
Core Insights - Planet 13 Holdings Inc. reported financial results for Q1 2025, highlighting a revenue increase of 22.5% year-over-year, driven by the addition of Florida operations [5][6][8] - The company faced challenges including pricing pressure and reduced consumer spending, but maintained a focus on operational efficiency and strategic investments [2][3] Financial Highlights - Q1 2025 revenue reached $28.0 million, up from $22.9 million in Q1 2024 [5][6] - Gross profit was $12.0 million, representing a gross margin of 42.8%, down from 45.8% in the previous year [6][8] - Total expenses increased by 31.6% to $18.6 million, attributed to the expansion into Florida [6][8] - The net loss for Q1 2025 was $2.0 million, a significant improvement from a net loss of $5.9 million in Q1 2024 [5][6][8] - Adjusted EBITDA loss was $2.5 million, compared to a break-even result in the same quarter last year [5][6][8] Balance Sheet Overview - Cash decreased to $15.6 million from $23.4 million at the end of 2024 [6][8] - Total assets were $203.8 million, slightly down from $206.7 million [6][8] - Total liabilities decreased marginally to $93.1 million from $94.0 million [6][8] Recent Developments - The company opened multiple new dispensaries in Florida, including locations in Port Richey, Orange Park, and Edgewater [12] - A significant recovery of funds related to El Capitan was announced, indicating positive developments in legal matters [12]