Medical cannabis
Search documents
Aurora Expands Leading Portfolio of High-Potency Medical Flower Products in Poland
Prnewswire· 2025-12-11 12:00
Latest Innovation Brings New Proprietary Cultivar to Polish Patients Aurora is opening the world to cannabis, serving both the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company's adult-use brand portfolio includes Drift, San Raf, Daily Special, Tasty's, Being and Greybeard. Medical cannabis brands include Cannabis flos Aurora 27/1, MedReleaf, C ...
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]