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Curaleaf Reports Third Quarter 2025 Results: Solid Growth and Robust Cash Generation
Prnewswire· 2025-11-05 21:01
Accessibility StatementSkip Navigation Year-to-date operating and free cash flow from continuing operations of $104 million and $57 million, respectively STAMFORD, Conn., Nov. 5, 2025 /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today reported its financial and operating results for the third quarter ended September 30, 2025. All financial information is reported in accordance with U.S. ...
Strong Private Payrolls for October
ZACKS· 2025-11-05 17:06
Labor Market Insights - The October ADP private-sector payroll report indicates an addition of +42K new jobs, surpassing expectations by +20K and reversing the previous month's downward revision of -29K [2] - Despite this positive report, the American labor market shows signs of decline, with an average gain of only +29K new jobs over the last four months, a decrease from +53K and +197K in the previous two four-month periods [3] Job Growth by Sector - Goods-producing jobs increased by +9K, while services jobs rose by +33K, with large firms (over 500 employees) contributing +73K to the job growth, contrasting with negative growth in small and medium-sized companies [4] - The Trade/Transportation/Utilities sector led job growth with +47K, followed by Education/Healthcare at +26K, while Leisure/Hospitality and Professional/Business Services saw declines of -6K and -15K respectively [5] Wage Trends - Wage gains for job stayers averaged +4.5%, while job changers saw an increase of +6.7%, indicating a narrowing historical gap and suggesting less urgency for employees to seek new positions [6] Company Earnings Reports - McDonald's (MCD) reported earnings of $3.22 per share, missing estimates of $3.35, but same-store sales increased by +3.6%, leading to a +3% rise in pre-market trading [7] - Humana (HUM) exceeded earnings expectations with $3.24 per share, a +11.34% beat, and revenues of $32.65 billion, but lowered guidance caused shares to drop by -5.5% [8] - Aurora Cannabis (ACB) reported earnings of $0.09 per share, a +200% surprise compared to expectations, with record quarterly revenues of $70.5 million, up +15% year-over-year, resulting in a +9% increase in pre-market trading [9]
ADP Rebounds to +42K, Plus Q3 Earnings from MCD & more
ZACKS· 2025-11-05 16:35
Group 1: ADP Private-Sector Payroll Report - The ADP private-sector payroll report for October shows an increase of +42K new positions, exceeding expectations by +20K and marking a positive shift from a revised -29K the previous month [2][3] - Despite the positive report, the American labor market is in decline, averaging only +29K new jobs over the last four months compared to +53K and +197K in the previous two four-month periods [3] - Job growth was driven by large firms (over 500 employees) which added +73K jobs, while small and medium-sized companies experienced negative growth [4] Group 2: Industry Breakdown - The Trade/Transportation/Utilities sector led job growth with an increase of +47K, followed by Education/Healthcare at +26K, while Leisure/Hospitality and Professional/Business Services saw declines of -6K and -15K respectively [5] - Wage gains for job stayers averaged +4.5%, while job changers saw an increase of +6.7%, indicating a narrowing gap in wage growth between the two groups [6] Group 3: Q3 Earnings Results - McDonald's reported earnings of $3.22 per share, missing estimates of $3.35, but same-store sales rose +3.6%, leading to a +3% increase in pre-market trading [7] - Humana posted earnings of $3.24 per share, beating expectations by +11.34%, but lowered guidance resulted in a -5.5% drop in shares [8] - Aurora Cannabis achieved a significant earnings surprise with $0.09 per share compared to the anticipated $0.03, and revenues reached a record $70.5 million, up +15% year over year, resulting in a +9% increase in pre-market shares [9]
Aurora Cannabis Q2 revenue tops estimates on higher medical cannabis sales
Proactiveinvestors NA· 2025-11-05 16:08
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [2][3] - Proactive focuses on various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Aurora Cannabis Announces Fiscal 2026 Second Quarter Results
Prnewswire· 2025-11-05 12:00
Core Insights - Aurora Cannabis Inc. reported a record net revenue of $90.4 million for Q2 2026, marking an 11% increase year-over-year, driven primarily by a 15% growth in the global medical cannabis segment and a 34% increase in plant propagation revenue [6][9][10] - The company achieved an adjusted EBITDA of $15.4 million, reflecting a 52% increase compared to the same period last year, indicating strong operational performance [19][9] - Aurora maintains a strong balance sheet with $141.9 million in cash and operates a debt-free cannabis business, positioning itself well for future growth [4][9] Financial Performance - Total net revenue for Q2 2026 was $90.4 million, up from $81.1 million in Q2 2025, with medical cannabis contributing $70.5 million, which is 78% of total revenue [6][8] - Adjusted gross profit before fair value adjustments was $51.8 million, a 22% increase from $42.6 million in the prior year [7] - The adjusted gross margin before fair value adjustments improved to 61% in Q2 2026 from 54% in the prior year [7] Medical Cannabis Segment - Medical cannabis net revenue reached $70.5 million, a 15% increase year-over-year, accounting for 94% of adjusted gross profit before fair value adjustments [8][9] - International medical cannabis revenue grew by 22% to $42.7 million, highlighting Aurora's leadership in key markets [9][10] - The adjusted gross margin for medical cannabis was 69%, slightly up from 68% in the previous year, driven by cost reductions and improved production efficiency [11] Consumer Cannabis Segment - Consumer cannabis net revenue decreased by 34% to $6.9 million, attributed to a strategic focus on high-margin medical cannabis over consumer products [12][9] - The adjusted gross margin for consumer cannabis improved to 27% from 15% in the prior year, reflecting cost efficiencies [13] Plant Propagation Segment - Plant propagation revenue was $11.6 million, a 34% increase from $8.6 million in the prior year, driven by organic growth and expanded product offerings [14] - However, the adjusted gross margin for plant propagation decreased to 10% from 19% due to inventory write-offs and surplus crops [15] Operational Efficiency - Adjusted SG&A expenses rose to $35.5 million, up from $31.7 million in the prior year, primarily due to increased freight and logistics costs [16] - The company reported a net loss from continuing operations of $53.2 million, a significant decline from a net income of $1.4 million in the prior year, influenced by increased operating expenses and other costs [17] Future Outlook - For Q3 2026, Aurora expects consolidated net revenue to increase year-over-year, driven by 8% to 12% growth in the global medical cannabis segment [21] - The company anticipates maintaining strong adjusted gross margins and positive free cash flow due to improved operational performance [22][23]
Trulieve Reports Third Quarter 2025 Results Demonstrating Operational Discipline and Cash Flow Strength
Prnewswire· 2025-11-05 11:15
Core Insights - Trulieve Cannabis Corp. reported a revenue of $288 million for Q3 2025, reflecting a 1% increase compared to $284 million in Q3 2024, with a gross margin of 59% [5][4] - The company achieved a year-to-date cash flow from operations of $214 million and free cash flow of $173 million, indicating strong cash generation capabilities [5] - Trulieve's net loss attributable to common shareholders was $27 million for the quarter, a significant improvement from a net loss of $60 million in the same quarter last year [5][4] Financial Highlights - Revenue for the three months ended September 30, 2025, was $288 million, with 94% derived from retail sales [5] - Gross profit for the quarter was $170 million, down 2% from $173 million in Q3 2024, resulting in a gross margin of 59% [5][4] - Operating expenses decreased to $128 million, a 26% reduction from $173 million in the prior year [5][4] - Adjusted EBITDA for the quarter was $103 million, representing 36% of revenue, up 7% year-over-year [5][4] Operational Developments - The company sold over 12.5 million branded products in Q3 2025, marking a 7% increase compared to the previous year [5] - Trulieve expanded its product offerings with the launch of new vape products and THC beverages in Florida and Illinois [5] - The rewards program reached 820,000 members, with loyalty members accounting for 77% of transactions during the quarter [5] Strategic Initiatives - Trulieve announced the planned redemption of $368 million of senior secured notes due in 2026, indicating proactive financial management [5] - The company appointed Jan Reese as Chief Financial Officer and Matthew Foulston to the Board of Directors, enhancing its leadership team [5] - As of September 30, 2025, Trulieve operated 232 retail dispensaries and maintained over four million square feet of cultivation and processing capacity in the U.S. [5]
Hill Incorporated Announces Issuance of Failure to File Cease Trade Order
Thenewswire· 2025-11-05 04:45
Core Points - Hill Incorporated has received a failure to file cease trade order (FFCTO) from the Ontario Securities Commission, prohibiting trading of its securities in Canada due to delays in filing annual audited financial statements [1][2] - The delay in filing is attributed to cash collection issues that have led to financial constraints, affecting the completion of the FY 2025 audited financial statements [3] - The FFCTO halts trading of the company's common shares on the TSX Venture Exchange, which was implemented on November 3, 2025, and remains in effect until the filing default is remedied [4] Company Overview - Hill Incorporated, formerly known as Hill Street Beverage Company Inc., is focused on bioscience implementation, aiming to enhance healthier living through innovative cannabis solutions and non-alcoholic beverage products [5] - The company leverages its expertise in consumer packaged goods (CPG) to commercialize advanced technologies, including the use of Lexaria Bioscience Corp's DehydraTECH patent portfolio for product development and sales [5]
Trulieve Announces Notice of Redemption for All US$368 Million of its 8.0% Senior Secured Notes due 2026
Prnewswire· 2025-11-04 21:45
Core Points - Trulieve Cannabis Corp. has announced a notice of redemption for all outstanding 8.0% senior secured notes due 2026, totaling an aggregate principal amount of US$368 million, with a redemption date set for December 5, 2025 [1][2] Company Overview - Trulieve is a leading vertically integrated cannabis company and multi-state operator in the U.S., with significant market positions in Arizona, Florida, and Pennsylvania [5] - The company is focused on accelerated growth and expansion, utilizing a hub strategy to build scale in retail and distribution across new and existing markets [5]
Jushi Holdings Inc. Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 21:00
Continued Topline Momentum with Revenue of $65.7 million, Up Sequentially and Year-over-Year Gross Profit of $30.7 million, with Margin Expanding by 220 bps Sequentially and 125 bps Year-over-Year to 46.7% Ongoing Enhancements Across Grower-Processor Footprint Driving Stronger Sales, Profitability, and Margin Performance BOCA RATON, Fla., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, is ple ...
FLUENT Completes First Harvests at Rosa Facility, Advancing Its Growth Strategy and Proving Operational Execution
Globenewswire· 2025-11-04 17:45
Core Insights - FLUENT Corp. has successfully completed its first series of harvests at its new indoor cultivation facility, Rosa, in Florida, marking a significant operational milestone for the company [1][2][5] Production Capacity - The Rosa facility will increase FLUENT's premium indoor flower canopy by approximately 25%, enhancing the company's production capacity and quality of flower offerings in Florida [2][6] - The inaugural harvest yielded 400 pounds of flower, with over 70% consisting of large and medium premium buds, indicating a focus on optimizing future outcomes [4][5] Operational Excellence - The new facility features advanced environmental controls, standardized nutrient protocols, and post-harvest analytics to monitor and optimize yield and quality in real time, supporting the company's commitment to operational excellence [5][6] - The product from the Rosa facility will primarily support FLUENT's KNACK brand, supplying premium whole flower and pre-rolls for the Florida market [5] Strategic Importance - The addition of Rosa strengthens FLUENT's statewide production network and reinforces its commitment to sustainable growth and delivering high-quality cannabis experiences to patients across Florida [6]