Cannabis
Search documents
Glass House Brands to Host First Quarter 2025 Conference Call on May 13, 2025
Globenewswire· 2025-04-29 12:00
Company Overview - Glass House Brands Inc. is one of the fastest-growing, vertically integrated cannabis companies in the U.S. with a focus on the California market [3] - The company is dedicated to building leading brands and serving consumers across all segments, with a commitment to sustainability and community respect [3] Financial Reporting - Glass House will report its financial results for the first quarter of 2025, which ended on March 31, 2025, on May 13, 2025, after market close [1] - A conference call to discuss the results will be held at 5:00 p.m. Eastern Time on the same day [1] Communication and Accessibility - Participants can access the live webcast of the conference call on the Glass House Brands website, which will be archived for approximately 30 days [2] - For those interested in dialing in, a specific conference ID is provided for access [2]
Shareholders that lost money on Canopy Growth Corporation(CGC) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More
Prnewswire· 2025-04-29 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Canopy Growth Corporation, alleging securities fraud that affected investors between May 30, 2024, and February 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Canopy Growth Corporation made false statements regarding the costs associated with the launch of Claybourne pre-rolled joints and the Storz & Bickel vaporizer devices, which negatively impacted the company's gross margins and financial results [2]. - It is alleged that the company overstated the effectiveness of its cost reduction measures and misrepresented the health of its gross margins while downplaying related issues [2]. Group 2: Investor Participation - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].
Cronos Group Inc. to Hold Virtual 2025 Annual Meeting of Shareholders
GlobeNewswire News Room· 2025-04-28 20:00
Group 1 - Cronos Group Inc. will hold its 2025 Annual Meeting of Shareholders on June 20, 2025, at 11:00 a.m. ET [1] - The meeting will be conducted in a virtual-only format, allowing registered shareholders and proxyholders to participate online [2] - Detailed instructions for participation and the formal business to be conducted at the meeting are available in the Company's proxy statement on its website [3] Group 2 - Access information for the meeting includes a live audio webcast link and a replay available 24 hours after the meeting [4] - Cronos is a global cannabinoid company focused on cannabis research, technology, and product development, with brands like Spinach®, PEACE NATURALS®, and Lord Jones® [5]
Lost Money on Canopy Growth Corporation (CGC)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-04-28 16:34
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Canopy Growth Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed costs impacting the company's financial performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from May 30, 2024, to February 6, 2025 [3]. - Allegations include that Canopy Growth incurred significant costs related to the production of Claybourne pre-rolled joints and Storz & Bickel vaporizer devices, which negatively affected gross margins and overall financial results [3]. Impact on Financial Statements - The complaint claims that the defendants overstated the effectiveness of cost reduction measures and the health of gross margins while downplaying related issues, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by June 3, 2025, to monitor the case's progress and potentially seek lead plaintiff status [4]. - Registration is free and does not obligate shareholders to participate in the case [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].
AWH to Hold First Quarter 2025 Earnings Conference Call on Monday, May 12, 2025
Prnewswire· 2025-04-28 11:15
Core Points - Ascend Wellness Holdings, Inc. will hold a conference call on May 12, 2025, at 5:00 PM ET to discuss its first quarter 2025 financial results [1] - The conference call can be accessed via a dial-in number or a live webcast on the company's Investor Relations website [2][3] - Ascend Wellness Holdings operates in multiple states including Illinois, Maryland, Massachusetts, Michigan, New Jersey, Ohio, and Pennsylvania, and is involved in the cultivation and distribution of cannabis products [3]
Village Farms International Takes Top Honors at the 2025 Stevie® Awards
GlobeNewswire News Room· 2025-04-28 11:00
Core Insights - Village Farms International, Inc. has won two Gold Stevie® Awards and one Bronze Stevie® Award at the 23rd Annual American Business Awards® for its achievements in sustainable business models and international expansion [1][2][5]. Group 1: Awards and Recognition - The company received the Gold Stevie Award for Lifetime Achievement in the Consumer Products Industries, recognizing the visionary leadership of its CEO, Michael A. DeGiglio, in controlled environment agriculture and the cannabis sector [3]. - Village Farms was awarded the Gold Stevie for Sustainable Business Models, highlighting its commitment to environmentally responsible agriculture, achieving 97% land savings and 86% water reduction, while reducing CO₂ emissions by approximately 475,000 metric tons annually [4]. - The Bronze Stevie Award for Achievement in International Expansion was given for the company's rapid scaling of global cannabis operations, including a 111% year-over-year increase in international medicinal cannabis sales [5]. Group 2: Company Overview - Village Farms operates as a vertically integrated supplier in controlled environment agriculture, focusing on high-value plant-based consumer packaged goods, and is a leading fresh produce supplier in North America [10]. - The company’s subsidiary, Pure Sunfarms, is one of the largest cannabis operations globally and a top-selling brand in Canada, while it also holds an 80% stake in Rose LifeScience, a cannabis products commercialization expert [11]. - Internationally, Village Farms is expanding its cannabis and CBD operations, exporting medical cannabis to markets such as Germany and Australia, and holds one of ten licenses to grow recreational cannabis in the Netherlands [12].
Cannara Biotech Delivers Record Q2 Results as National Expansion Accelerates
Globenewswire· 2025-04-28 11:00
Financial Performance - Cannara Biotech reported net revenues of $26.6 million for Q2 2025, a 35% increase from $19.7 million in Q2 2024, driven by national brand growth and product innovation [3][6][11] - Gross profit before fair value adjustments rose 52% to $10.8 million in Q2 2025, with gross margins improving to 41% from 36% [4][11][29] - The company achieved net income of $3.3 million, a significant improvement from a net loss of $3.4 million in the prior year [4][11][29] - Adjusted EBITDA more than doubled to $7.1 million, marking the sixteenth consecutive quarter of positive Adjusted EBITDA, up 102% from $3.5 million in Q2 2024 [4][11][29] Operational Highlights - Cannara activated its 11th grow zone in April 2025, with a 12th zone expected to come online in May, expanding active canopy to over 300,000 sq. ft. and supporting an annual production capacity of up to 40,000 kg [3][4][13] - The company plans to launch over 20 new products in 2025, with a focus on scaling to meet unmet demand [3][4] Market Position - Cannara's estimated national retail market share reached 3.9% in Q2 2025, a 34.5% increase from 2.9% in Q2 2024, with notable gains in Québec, Ontario, and Alberta [3][6][11][23] - The company reported a 40% increase in gross cannabis revenues before excise taxes to $36.8 million, reflecting strong demand across existing and new markets [11][29] Strategic Execution - The company is focused on disciplined execution and brand investment while maintaining low capital expenditures, presenting high return on investment opportunities [4][6] - Cannara's operational model has demonstrated resilience, achieving consistent profitability and growth despite challenges in the market [4][6]
Tilray Brands Could Bounce Big
Seeking Alpha· 2025-04-28 10:22
Core Insights - Alan Brochstein is a pioneer in the cannabis investment sector, having focused exclusively on this industry since 2007 [1] - He founded AB Analytical Services to provide independent consulting for registered investment advisors and has been managing partner of New Cannabis Ventures since 2015, which offers financial information relevant to the cannabis industry [1] Group 1 - Alan has been running the investing group 420 Investor since 2013, which focuses on publicly-traded cannabis stocks and moved to Seeking Alpha in 2023 [2] - The 420 Investor group closely monitors 23 stocks, providing investment news, earnings report previews, and post-report analyses [2] - Additional features of the group include two model portfolios, ten weekly videos with chart analysis, three weekly summary pieces, a monthly newsletter, and a chat service for questions [2] Group 2 - Alan also offers a sub-service called The Big Picture, designed to help investors stay informed about the cannabis sector [2]
WM Technology: Speculative Upside With Or Without Take-Private Offer
Seeking Alpha· 2025-04-28 03:25
Company Overview - WM Technology, Inc. operates an online marketplace and data aggregator specifically for the cannabis industry, known as Weedmaps, which facilitates education and compliant transactions for users and vendors [1]. Market Position - The platform allows users to learn about cannabis products while enabling vendors to sell their products in a compliant manner, indicating a strong positioning within the cannabis market [1].
Shareholders that lost money on Canopy Growth Corporation (CGC) should contact Levi & Korsinsky about pending Class Action - CGC
GlobeNewswire News Room· 2025-04-24 16:25
Core Viewpoint - A class action securities lawsuit has been filed against Canopy Growth Corporation, alleging securities fraud that affected investors between May 30, 2024, and February 6, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that Canopy Growth Corporation made false statements regarding significant costs incurred during the production of Claybourne pre-rolled joints and the launch of the Claybourne product in Canada [2] - It is alleged that these costs, along with indirect costs related to Storz & Bickel vaporizer devices, would negatively impact the Company's gross margins and overall financial results [2] - The defendants are accused of overstating the effectiveness of Canopy's cost reduction measures and the health of its gross margins while downplaying related issues [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]