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Organigram Further Expands Global Portfolio with Launch of Edison and BOXHOT Medical Vapes and Pastilles in Australia
Businesswire· 2026-02-24 11:00
Organigram Further Expands Global Portfolio with Launch of Edison and BOXHOT Medical Vapes and Pastilles in Australia-# Organigram Further Expands Global Portfolio with Launch of Edison and BOXHOT Medical Vapes and Pastilles in AustraliaShare---Launch aligns with rising Australian demand for alternatives to flower and strengthens Organigram's global medical cannabis presenceTORONTO--([BUSINESS WIRE])- -Organigram Global Inc. ("Organigram†or the "Company†) today announced the expansion of its international ...
Tilray(TLRY) - 2026 Q2 - Earnings Call Transcript
2026-01-08 22:32
Financial Data and Key Metrics Changes - The company reported a record Q2 net revenue of $218 million, with an adjusted EBITDA of $8.4 million and a reported EPS loss of $0.02, reflecting a significant improvement in performance metrics [4][22]. - The net loss for the quarter was $43.5 million, a 49% improvement year-over-year compared to $85.3 million, with cash flow used in operations down to $8.5 million from $40.7 million last year [27][28]. Business Line Data and Key Metrics Changes - Cannabis net revenue increased to $67.5 million, driven by a 36% increase in international cannabis revenue and a 6% increase in Canadian adult use cannabis [22][23]. - Beverage revenue totaled $50.1 million, impacted by headwinds in the craft beer segment, while distribution revenue grew by 26% year-over-year to $85.3 million [11][25]. - Wellness revenue remained flat at $14.6 million, with challenges in the club retail channel being addressed [20][25]. Market Data and Key Metrics Changes - International cannabis revenue reached $20 million, marking a 51% sequential growth and a 36% year-over-year increase [9][22]. - The Canadian adult use medical sales channel net of excise tax grew to $46 million, with recreational cannabis growing 6% in the quarter [12][22]. Company Strategy and Development Direction - The company aims to leverage its strong balance sheet and liquidity to capitalize on growth opportunities in the evolving global cannabis regulatory environment, particularly in the U.S. [5][29]. - Tilray is focused on expanding its pharmacy reach in Germany and tripling its medical cannabis distribution footprint in fiscal 2026 [10][11]. - The company is also pursuing international growth by expanding its beverage business into new markets, including the U.K., Middle East, and Africa [19][20]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory for the second half of fiscal 2026 and beyond, citing a diversified platform and improving fundamentals [21][29]. - The company is prepared for potential regulatory changes in the U.S. regarding cannabis rescheduling, which could enhance its market position [7][87]. Other Important Information - The company ended the quarter with approximately $292 million in cash and marketable securities, with a net cash position exceeding debt by almost $30 million [5][28]. - The company is committed to investing in research and clinical trials to develop approved cannabis drugs for various medical conditions [85][86]. Q&A Session Summary Question: What can the industry do to improve the regulatory outcome regarding the intoxicating hemp ban? - Management is working with legislators to extend the deadline or modify regulations to allow for a regulated amount of milligrams to be sold nationally [32][34]. Question: Can you quantify how much supply was held back from the Canadian wholesale market? - Approximately $5 million worth of supply was held back, which will be redeployed into higher-margin international markets [38][39]. Question: How much of the Canadian adult use cannabis growth was volume versus price mix? - The growth was primarily driven by demand and new distribution, with a slight market share gain [44][46]. Question: What are the expectations for growth within the Canadian market? - Management expects mid- to high single-digit growth in the Canadian market, focusing on premium products and new product launches [58][60]. Question: Can you provide more color on the CC Pharma business and its distribution reach? - The company has modernized CC Pharma and is focused on expanding its pharmacy reach, with plans to sell more medical cannabis through its sales organization [66][68]. Question: What is the long-term outlook for the beverage business? - Management remains confident in the beverage business, emphasizing the importance of integration and the potential for future opportunities in cannabis-infused drinks [76][77].
Aurora Expands Leading Portfolio of High-Potency Medical Flower Products in Poland
Prnewswire· 2025-12-11 12:00
Core Insights - Aurora Cannabis Inc. has launched a new proprietary cultivar named Black Jelly in Poland, enhancing its portfolio of high-potency medical cannabis products in a rapidly growing European market [1][2] - Black Jelly features a cannabinoid profile of THC 27% and CBD <1%, and is derived from a high-THC sativa strain [2] - The company emphasizes its advanced genetic breeding program and cultivation excellence as key factors in successfully introducing this product to the Polish market [2][3] Product Details - Black Jelly is characterized by dense, large flowers with green and orange hues, and a terpene profile that includes sweet black liquorice and fruity undertones [2] - The product is grown and manufactured in Aurora's Canadian facilities that are certified under GACP and EU-GMP standards [1][2] Market Position - Aurora Cannabis continues to strengthen its leadership in the international medical cannabis sector, leveraging scientific expertise and regulatory knowledge to support patient access and market growth across Europe [3] - The company has over a decade of experience in global medical markets, positioning itself as a trusted partner in advancing Poland's medical cannabis ecosystem [3] Company Overview - Aurora Cannabis operates in both medical and consumer markets across Canada, Europe, Australia, and New Zealand, with a diverse brand portfolio [4] - The company also holds a controlling interest in Bevo Farms Ltd., a leading supplier of propagated agricultural plants in North America [5]
IM Cannabis Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-13 14:00
Core Insights - IM Cannabis Corp. reported its financial results for Q3 2025, indicating a transition year with potential regulatory challenges in Germany affecting sales [2][4] - The company recorded a non-cash impairment of $3.1 million in Q3 2025, impacting its financial performance [2][11] - Revenue for Q3 2025 remained stable at $13.9 million, consistent with Q3 2024, while total revenue for the first nine months of 2025 was $39 million, down from $40.7 million in the same period of 2024 [11][17] Financial Performance - Gross profit for Q3 2025 was $2.7 million, a decrease of 13% compared to $3.1 million in Q3 2024 [11] - Gross margin decreased to 20% in Q3 2025 from 23% in Q3 2024, reflecting a 13% decline [11] - Operating expenses rose significantly to $6.9 million in Q3 2025, up 68% from $4.1 million in Q3 2024, primarily due to the impairment [11] Losses and Adjusted Metrics - The net loss for Q3 2025 was $3.9 million, compared to a net loss of $1.1 million in Q3 2024, with the increase attributed to the impairment [11] - Adjusted EBITDA loss for Q3 2025 was $0.6 million, worsening from a loss of $0.2 million in Q3 2024, marking a 143% decline [11] - Basic and diluted loss per share increased to $0.75 in Q3 2025 from $0.41 in Q3 2024 [11] Balance Sheet Overview - Total assets as of September 30, 2025, were $44.3 million, up 13% from $39.2 million at the end of 2024, driven by increases in inventory and advances to suppliers [11] - Total liabilities increased to $40 million as of September 30, 2025, an 11% rise from $36 million at the end of 2024, mainly due to higher accounts payable [11] - Cash and restricted cash on hand were $2.3 million as of September 30, 2025, compared to $0.9 million at the end of 2024 [11]
Tilray Medical Forms Strategic Partnership in Italy to Broaden Access to Medical Cannabis Extracts
Globenewswire· 2025-08-13 11:00
Core Insights - Tilray Medical has formed a strategic partnership with Molteni, an Italian pharmaceutical firm, to enhance the availability of medical cannabis extracts for patients in Italy [1][2][3] - The collaboration aims to provide targeted education on medical cannabis therapies through Molteni's extensive network of healthcare professionals [2][3] Company Overview - Tilray Medical is a leader in the European medical cannabis market, with operations in Germany, Italy, Portugal, Poland, and the United Kingdom [3] - The company is dedicated to providing safe and reliable access to a global portfolio of medical cannabis brands, including Tilray, Aphria, Broken Coast, Symbios, and Navcora [4] - Tilray has established itself as one of the largest suppliers of medical cannabis across 20 countries and five continents [4] Partnership Details - The partnership will leverage FL Group's regulatory and distribution capabilities alongside Molteni's scientific expertise to expand access to EU-GMP certified cannabis therapies [3] - The focus will be on empowering healthcare practitioners with knowledge and resources for effective pain management solutions [3] About Molteni - Molteni is a specialty pharmaceutical leader in therapeutic solutions for pain management and substance dependence, with operations in over 40 countries [8] - Founded in 1892 and headquartered in Florence, Italy, Molteni has its own manufacturing, R&D, regulatory, supply chain, and commercial capabilities [8]
Aurora Ignites Global Expansion with Whistler Cannabis Co. Brand Debut in Australia
Prnewswire· 2025-08-12 11:00
Core Insights - Aurora Cannabis Inc. is launching its Whistler Cannabis Co. brand in Australia, expanding its global footprint and offering Australian patients access to premium Canadian cannabis products [1][2][3] - The company emphasizes its commitment to quality and patient care, leveraging its Canadian cultivation expertise to ensure consistent product quality [2][3] Product Launch Details - The first two products from Whistler Cannabis Co. to be introduced in Australia are Ginger Breath and Critical Diesel, both featuring high THC content [7] - Ginger Breath has a THC level of 32% and is an Indica strain, while Critical Diesel has a THC level of 28% and is a Sativa strain [7] Company Background - Aurora Cannabis Inc. is a leading global medical cannabis company headquartered in Edmonton, Alberta, with a diverse portfolio of brands serving both medical and consumer markets across multiple regions [4][5] - The company is recognized for its robust regulatory expertise and commitment to science and innovation, which supports its success in international markets [3][4]
Aurora Cannabis Pre-Q1 Earnings Analysis: Buy, Sell or Hold the Stock?
ZACKS· 2025-08-04 13:31
Core Insights - Aurora Cannabis (ACB) is set to release its first-quarter fiscal 2026 results on August 6, with earnings estimated at 18 cents per share and revenues at $70.88 million, indicating a year-over-year earnings growth of 263.6% and a revenue increase of 5.4% [1][2] Financial Performance - The consensus for fiscal 2026 revenues is $272.1 million, reflecting a 7.6% year-over-year rise, while the EPS estimate is 56 cents, suggesting a 100% improvement year-over-year [2] - ACB has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 50.10% [2] Market Dynamics - ACB's medical cannabis sales are expected to have increased in Germany and Australia, driven by new product launches, although regulatory disruptions in Poland and seasonal fluctuations may have impacted revenue growth [5][8] - The company has expanded its IndiMed portfolio in Australia, launching TEMPO 22 cultivars to meet rising patient demand, which is likely to enhance top-line growth [7] Operational Developments - ACB's recent $3 million upgrade to its Alpine facility in British Columbia has doubled yields and potency, potentially supporting top-line growth [10] - Despite a projected slight decline in first-quarter revenues compared to the previous quarter, margins are expected to remain robust due to a favorable product mix and cost discipline [11] Valuation and Stock Performance - Year-to-date, ACB shares have gained 5.4%, outperforming peers like Tilray Brands and Canopy Growth [12] - ACB trades at a forward 12-month P/S of 0.9, reflecting stronger growth expectations compared to Tilray Brands (0.65) and a lower valuation than Canopy Growth (1.07) [13]
Curaleaf Expands Florida Footprint with New St. Augustine, Florida Dispensary
Prnewswire· 2025-08-01 11:45
Core Insights - Curaleaf Holdings, Inc. has opened a new medical cannabis dispensary in St. Augustine, Florida, increasing its store count to 68 in Florida and 154 nationwide [1][4] Group 1: Store Opening Details - The new dispensary is located at 1280 Ponce De Leon Blvd., St. Augustine, FL 32084, and will start serving medical patients on August 1, 2025 [1] - Curaleaf St. Augustine is strategically positioned near downtown shops, dining, and cultural attractions, enhancing accessibility for patients [2] Group 2: Product Offerings - The dispensary will offer a wide range of medical cannabis products, including the new Grassroots Dark Heart Collection, Select brand vapes and edibles, Florida-exclusive flower brand Reef, and Anthem pre-rolls [2][3] - Curaleaf has introduced a 72-hour Flower Satisfaction Guarantee for premium eighths purchased from Grassroots and Reef brands, allowing patients to return unsatisfactory products for store credit or exchange [3] Group 3: Company Commitment and Expansion - Curaleaf's Chairman and CEO, Boris Jordan, emphasized the company's commitment to enhancing flower quality and patient access to trusted products [3] - The grand opening celebration for Curaleaf St. Augustine is scheduled for August 8, 2025, featuring various activities to engage the community [4]
Akanda (AKAN) - Prospectus
2024-09-05 14:56
As filed with the Securities and Exchange Commission on September 5, 2024 Registration No. 333-______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––– Akanda Corp. (Exact name of Registrant as specified in its charter) ––––––––––––––––––––––––––– | Ontario, Canada | 2833 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | ...