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Village Farms Delivers Another Quarter of Record Financial Performance in Q3/25
Globenewswire· 2025-11-10 12:00
Core Insights - Village Farms International reported record financial performance in Q3 2025, with significant year-over-year increases in net income, adjusted EBITDA, and cash flow from operations [2][3] - The company achieved a 29% year-over-year growth in net sales, reaching $66.7 million, and a record gross margin of 56% [3][8] - International export sales surged by 758%, driven by strong demand in Germany and other international markets [3][14] Financial Performance - Consolidated net sales increased by 21% year-over-year to $66.7 million, up from $54.9 million [3][8] - Consolidated net income from continuing operations was $10.8 million, or $0.09 per share, compared to a net loss of $0.8 million in the prior year [3][8] - Adjusted EBITDA reached $20.2 million, representing 30.3% of sales, marking both a company record and a significant increase from $4.7 million or 8.5% of sales in the prior year [3][8] Canadian Cannabis Segment - Canadian cannabis operations delivered record net sales of $46.6 million, a 29% increase from $36.5 million [3][8] - The gross margin for Canadian cannabis improved to 56%, up from 26%, due to enhanced operating efficiency and a higher mix of international export sales [3][8] - A 40 metric ton production capacity expansion project is currently underway to support growth in Canadian and international markets [2][3] International Cannabis Segment - The Netherlands cannabis operations saw continued sales growth, with the Drachten facility reaching full operating capacity [2][3] - Construction of a second, larger facility in the Netherlands is on schedule to be operational in Q1 2026, which is expected to quintuple production capacity [2][3] Cash Flow and Capital Allocation - Operating cash flow for the quarter was $24.4 million, bringing the year-to-date total to $46.7 million, with a cash position of approximately $88 million at quarter-end [3][8] - The company initiated a share repurchase program, authorizing up to $10 million for the buyback of common shares as part of a balanced capital allocation strategy [15]
AYURCANN REPORTS FISCAL YEAR 2025 RECORD SALES OF $55,446,352 IN GROSS REVENUE, FEATURING 21% YEAR-OVER-YEAR INCREASE AND PROVIDES CORPORATE UPDATE
Globenewswire· 2025-10-28 11:30
Core Insights - Ayurcann Holdings Corp. has reported strong financial and operational results for the fiscal year ended June 30, 2025, highlighting its growth and market position in the Canadian cannabis industry [1][5]. Financial Highlights - Gross revenue reached CAD 55,446,352 for the fiscal year 2025, an increase from CAD 45,265,235 in 2024, reflecting a significant year-over-year growth [8]. - Adjusted EBITDA improved to CAD 507,570, compared to a loss of CAD 352,492 in FY2024, indicating a turnaround in financial performance [8]. Operational Highlights - The product portfolio has expanded to 80 SKUs nationwide, demonstrating the company's commitment to innovation and product diversity [8][9]. - Ayurcann's products are available in over 75% of licensed retail cannabis stores across Canada, showcasing a robust national distribution network [3]. - In Ontario, the largest cannabis market in Canada, Ayurcann has achieved over 80% retail penetration, with products in more than 1,500 licensed stores [4]. Market Position - Ayurcann has maintained a 100% year-over-year sales growth for the past three fiscal years (2021-2024), underscoring its operational strength and market leadership [2]. - The company has established strong relationships with the Ontario Cannabis Store and retail partners, enabling it to capture significant market share [4]. Corporate Update - Ayurcann will voluntarily delist from the OTCQB effective October 30, 2025, while continuing to trade on the Canadian Securities Exchange under the ticker symbol "AYUR" [10].
Trulieve Cannabis Corp. (TCNNF) to Hold Third Quarter 2025 Results Conference Call on November 5, 2025
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-10-15 14:16
Core Viewpoint - Trulieve Cannabis Corp. is set to hold a conference call on November 5, 2025, to discuss its third quarter 2025 financial results, highlighting its position as a leading cannabis company in the U.S. [1][2] Company Overview - Trulieve is a vertically integrated cannabis company and multi-state operator in the U.S., with significant market presence in Arizona, Florida, and Pennsylvania [2]. - The company is focused on accelerated growth and expansion through a hub strategy, enhancing retail and distribution capabilities in both new and existing markets [2]. - Trulieve aims to provide innovative, high-quality products across its brand portfolio, improving customer experiences and increasing access to cannabis [2]. Conference Call Details - The conference call will feature Chairman, Founder, and CEO Kim Rivers, along with CFO Jan Reese, who will review the financial and operating results [2]. - Interested parties can join the call by dialing in 15 minutes prior to the start time, with specific toll-free and international numbers provided [2].
MariMed Announces Second Quarter 2025 Earnings Date
Globenewswire· 2025-07-08 11:30
Core Viewpoint - MariMed Inc. is set to report its second quarter 2025 financial results on August 6, 2025, with a conference call scheduled for August 7, 2025, to discuss these results [1][2]. Company Overview - MariMed Inc. is a leading multi-state cannabis operator, recognized for its advanced cultivation, production, and retail facilities [3]. - The company boasts an award-winning portfolio of cannabis brands, including Betty's Eddies™, Bubby's Baked™, InHouse™, Nature's Heritage™, and Vibations™, which are well-regarded by consumers nationwide [3]. - MariMed is committed to excellence and aims to drive growth while setting new standards in the cannabis industry [3].
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]