Green Thumb Industries Inc. ( OTCQX:GTBIF ) recently opened its 108 th cannabis retail location and has begun receiving revenues from its four Minnesota dispensaries. The developments, although minor, will lead to higher revenues for the company. GreenWelcome to the home of The Cannabis Report. I cover the cannabis sector and other sectors. I am most interested in technical stock analysis, option strategies, small cap strategies, and emerging markets. Feel free to contact me with any questions about publicl ...

NEW YORK, Sept. 30, 2025 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a leading multi-state, vertically integrated cannabis operator, entered into and closed, effective September 12, 2025, a $9,345,000 secured financing transaction with CF Bank, pursuant to which AWH mortgaged real estate on three properties in Ohio (the "Ohio Mortgage Loan"). The Ohio Mortgage Loan bears interest at a competitive 8.5% per annum and matures in September 2030. The Ohio ...

Conveniently located near Downtown Lebanon off Route 422, RISE Dispensary Lebanon is located at 1600 W Cumberland St. Lebanon, PA 17042.RISE Dispensary Lebanon will host a grand opening celebration for its patients and the community on October 3.Continuing with RISE’s new store opening tradition, profits from the RISE Dispensary Lebanon grand opening will benefit local non-profit Making A Difference of Lebanon, PA. CHICAGO and VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- RISE Dispensaries ...

Core Insights - High Tide Inc. (NASDAQ:HITI) is recognized as a promising penny stock, with analysts at Canaccord Genuity Group maintaining a "Buy" rating and a price target of $7.25, driven by the company's expansion into the German cannabis market through the acquisition of Remexian [1] - The company has sustained growth in the Canadian cannabis retail sector, achieving a remarkable return of 154.68% over three years, significantly outperforming the market average of 62.39% [2] - High Tide Inc. holds the largest market share in Canadian cannabis retail, operating 207 Canna Cabana stores and utilizing a membership program to enhance customer retention [3] Company Overview - High Tide Inc. operates in the Canadian cannabis retail industry through two segments: Bricks and Mortar Operations and E-commerce Operations, and has been in business since 2009, focusing on integrating technology, data, and customer experience [4]

Core Insights - High Tide Inc. ranked No. 182 out of 400 companies in the 2025 Report on Business ranking of Canada's Top Growing Companies, achieving a three-year revenue growth rate of 188% [1][2] - The company previously ranked 87th out of 417 companies in 2024, with a significantly higher three-year growth rate of 486% [2] - High Tide's recent acquisition of Remexian marks a strategic expansion into Europe's largest cannabis market, expected to enhance revenue and create long-term growth opportunities [3] Company Performance - High Tide has been recognized for five consecutive years as one of Canada's Top Growing Companies, reflecting the dedication of its team and the loyalty of its customer base [2][7] - The company operates Canna Cabana, the largest cannabis retail chain in Canada, with 210 locations and a growing market share of 12% [6] - High Tide's subsidiary, Remexian Pharma GmbH, is a key player in the German medical cannabis market, licensed to import from 19 countries, including Canada [7] Industry Context - The Report on Business ranking celebrates innovative businesses in Canada, with 400 companies qualifying through a rigorous application process [4] - The cannabis industry in Canada continues to show significant growth potential, as evidenced by High Tide's performance and expansion efforts [3][6]

MedX Holdings Lights Up for National Expansion with Five New Franchises and Las Vegas Flagship LaunchAustin, Sept. 24, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE MedX Holdings, Inc. (OTC: MEDH) Lazydaze Franchise Expansion Accelerates with Five New Locations SignedHouston, San Marcos, and Maryland deals signal nationwide brand traction — Flagship store planned in Las Vegas Austin, Texas — September 24, 2025 MedX Holdings, Inc. (OTC: MEDH), parent company of Lazydaze +Coffeeshop and Dazed Inc., proudly a ...

Core Insights - High Tide Inc. is expanding its retail footprint by opening three new Canna Cabana locations in Ontario and Alberta, increasing its total store count to 210 across Canada [1][7]. Expansion Strategy - The company plans to open two to three new locations per month, funded entirely by its own profits, reflecting a disciplined growth approach without reliance on external capital [2][3]. - High Tide is focusing on securing prime real estate in high-growth markets, with the new locations in Fort McMurray, North York, and Etobicoke being strategically chosen for their long-term value [3]. New Store Details - The North York location at 1448 Lawrence Avenue East will start selling products on September 26, 2025, benefiting from high visibility and accessibility [4]. - The Etobicoke store at 1020 Islington Avenue will open on September 27, 2025, positioned to attract significant daily traffic from nearby residential and business areas [5]. - The Fort McMurray location at 10024 Franklin Ave will commence sales on September 29, 2025, catering to both local residents and visitors, enhancing accessibility to the area's attractions [6]. Company Overview - High Tide is recognized as the second-largest cannabis retail brand globally, with a 12% market share in Canada, and operates a diverse range of cannabis-related businesses [7][10]. - The company has been acknowledged for its growth, being named one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [10].

Sixth Beyond Hello Location in Ohio and 41st Retail Location NationwideNew Dispensary Opens September 19th in Parma, Just South of ClevelandGrand Opening Celebration with Exclusive Promotions September 19 – October 4, 2025 A Media Snippet accompanying this announcement is available by clicking on this link. BOCA RATON, Fla., Sept. 19, 2025 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, today announced t ...

High Tide Conference Call Summary Company Overview - **Company Name**: High Tide (NasdaqCM: HITI) - **Ticker**: HITI on NASDAQ since 2021 and TSX Venture Exchange since 2018 - **Main Operating Company**: Canna Cabana, the largest retail cannabis brand in Canada with over 207 stores [2][3] Financial Performance - **Trailing Revenue**: Approximately CAD 683 million, including recent acquisitions [2] - **Adjusted EBITDA**: CAD 58 million, with a pro forma trailing adjusted EBITDA multiple of 8.8 times [3] - **Same-Store Sales Growth**: Up 137% since October 2021, compared to a 2% decline for peers [4][14] - **Market Share**: 12% in the five provinces of operation, with a target to reach 15% [4][15] - **Revenue per Square Foot**: CAD 1,735, outperforming many blue-chip retailers [5][16] - **Free Cash Flow**: Generated CAD 4 million in July 2023, five months ahead of schedule [25][26] Recent Developments - **Acquisition**: Acquired 51% of Ramexian Pharma, a leading medical cannabis importer in Germany, for €26.4 million [19] - **Market Expansion**: Entering the German market, which has seen a significant increase in patient counts from 250,000 to 900,000 [20][21] - **Growth in German Cannabis Imports**: Annualized imports increased from CAD 30-40 million to CAD 300 million post-reclassification of medical cannabis [23] Strategic Insights - **Retail Strategy**: Focus on smaller, efficient store sizes (1,200 to 1,500 square feet) rather than larger stores [9][18] - **Loyalty Program**: 2.15 million loyalty members, with 115,000 ELITE members paying CAD 35 annually for additional discounts [4][12] - **Consumer Preferences**: Pre-rolls and dried flower account for about two-thirds of sales, with vapes at 22% [7][8] Market Context - **Canadian Cannabis Market**: Legalized in October 2018, now a CAD 5.5 billion market, with Canna Cabana's operations in a CAD 4.5 billion retail market [6] - **Competitive Landscape**: Canna Cabana's average store revenue significantly exceeds that of peers, with Alberta stores averaging CAD 2.3 million and Ontario stores over CAD 3.1 million [14][15] Future Outlook - **Store Growth**: Targeting to exceed 300 stores, with plans to open 20-30 new stores annually [27] - **Vertical Integration**: Exploring opportunities in cannabis accessories and white-label products, though full vertical integration is limited by regulations [34][36] - **International Expansion**: Monitoring other European markets (UK, Poland, Czech Republic, Switzerland) for potential entry [32] Key Takeaways - High Tide is positioned as a leading innovative retailer in the cannabis space, with strong financial metrics and growth potential in both Canada and Germany [41] - The company is leveraging its retail relationships to capitalize on the growing medical cannabis market in Germany, aiming for significant market share [42]

Financial Data and Key Metrics Changes - Revenue for Q3 reached an all-time high of $149.7 million, up 14% year over year and 9% sequentially [21] - Gross margin percentage was 27%, consistent with Q3 last year and up from 26% sequentially [22] - Adjusted EBITDA was a record $10.6 million, up 11% year over year and 32% sequentially [23] - Free cash flow of $7.7 million grew 148% year over year, marking the second highest level since disclosure began [25] - Net income turned positive at $832,000, a significant turnaround from a $2.8 million net loss in Q2 [8] Business Line Data and Key Metrics Changes - Bricks-and-mortar revenue was a record, up 18% year over year, with same-store sales growth accelerating to 7.4% [6][21] - Bricks-and-mortar adjusted EBITDA was $12.7 million, an all-time high, up 42% year over year [8][23] - E-commerce business continues to underperform, representing less than 3% of consolidated revenues [46] Market Data and Key Metrics Changes - Canna Cabana's market share across five operating provinces reached 12%, the highest level since legalization [6] - In Germany, High Tide has a 16% market share, positioning itself strongly in the medical cannabis market [12] Company Strategy and Development Direction - The company aims to leverage its relationships with licensed producers to channel German medical cannabis shipments through its network [10] - High Tide's acquisition of Remexian reflects a disciplined shareholder-first approach, targeting growth in the German market [9][15] - The company plans to expand its presence in other European markets, including the UK, Poland, Czechia, and Switzerland [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of the bricks-and-mortar business, with no signs of slowing down in same-store sales [6][30] - The company is optimistic about the integration of Remexian and the potential for growth in the German market [62] - Management acknowledged temporary challenges in the supply chain from Portugal but expects normalization by November [40] Other Important Information - The company closed a $30 million junior subordinated loan with Kronos, validating its strategy and execution [17] - High Tide has now sold over $1.9 billion of federally legal cannabis, establishing itself as a leader in the industry [10] Q&A Session Summary Question: On same-store sales, how much of the recent acceleration is due to industry improvement versus market share gains? - Management indicated that the same-store sales growth is primarily due to having the best retail model, not just competitor closures [29][30] Question: What is the company's philosophy on capital allocation post-Remexian transaction? - Management highlighted the need for working capital to support Remexian's growth and emphasized organic store openings while considering M&A opportunities [36][39] Question: How confident is the company in executing a turnaround for the e-commerce business? - Management acknowledged the underperformance but expressed optimism about new initiatives and partnerships to improve the segment [46] Question: What is driving the expansion of margins in the bricks-and-mortar segment? - Management attributed margin increases to a combination of white label sales, price stabilization, and operational efficiencies [49][53] Question: How are newer stores performing relative to prior cycles? - Management reported that new stores are ramping up sales faster than expected, benefiting from brand recognition and high-quality locations [57][58] Question: What are the opportunities across Europe for future investments? - Management confirmed ongoing monitoring of other EU markets for compelling commercial opportunities while focusing on the integration with Remexian [61]