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AYR Wellness Provides Update on Q1 2025 Interim Filings
Globenewswire· 2025-06-27 12:00
Core Viewpoint - AYR Wellness Inc. is currently facing delays in filing its interim financial statements due to ongoing negotiations with creditors and the assessment of accounting classifications for certain debt obligations, which are part of a broader strategic review process to address payment obligations and support long-term plans [2][3]. Financial Status - The interim financial statements for the three-month period ended March 31, 2025, have not yet been completed, and the company does not have a precise estimate for when they will be filed [3]. Regulatory Impact - A failure-to-file cease-trade order (FFCTO) issued by the Ontario Securities Commission is in effect, prohibiting all trading in AYR's securities across Canadian jurisdictions, and this will remain until the interim filings are completed [4]. Company Overview - AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed dispensaries and a portfolio of cannabis consumer packaged goods (CPG) brands, committed to delivering high-quality products and positively impacting its communities [6].
High Tide to Open Two New Canna Cabana Locations in Toronto and Winnipeg
Prnewswire· 2025-06-27 10:00
Core Insights - High Tide Inc. is expanding its Canna Cabana retail cannabis stores, with new locations opening in Winnipeg and Toronto, increasing its total store count to 202 across Canada [1][4]. Group 1: Store Openings - The Canna Cabana store in Winnipeg will start selling recreational cannabis products on June 27, 2025, while the Toronto location will open on July 1, 2025 [1]. - The Winnipeg store is strategically located in a grocery-anchored plaza with a local population of approximately 10,000 within a 1-kilometer radius, providing access to a new customer base [2]. - The Toronto store is situated in The Well, a mixed-use shopping mall that attracts significant foot traffic, enhancing visibility and accessibility for customers [3]. Group 2: Market Performance - High Tide's stores in Manitoba and Ontario have shown strong performance, with annualized revenue run rates significantly above the national average [4]. - The company emphasizes its differentiated discount club model and loyalty ecosystem as key drivers of its success in these markets [4]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all components of cannabis [5]. - The company operates a suite of leading accessory e-commerce platforms and has a diverse brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [6][7]. - High Tide has been acknowledged as 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 [9].
Verano Unveils Bodega-Style Dispensary Experience at Zen Leaf Cave Creek in Phoenix
Globenewswire· 2025-06-25 11:30
Flipping the script on the traditional dispensary format, the new bodega-style shopping experience offers customers the freedom to browse and select their favorite items directly from shelves featuring one of the largest assortments of directly accessible cannabis products in the U.S. Verano will host a grand re-opening weekend-long Summer Festival celebration at Zen Leaf Cave Creek featuring giveaways, local artisan pop-ups, food trucks, and meet-and-greets with rap icons Dizzy Wright and Devin the Dude on ...
High Tide: Betting It All On Canna Cabana
Seeking Alpha· 2025-06-18 06:38
Group 1 - High Tide Inc. reported strong fiscal Q2 results for the February-April period, indicating continued momentum in the Canna Cabana chain [1] - The company is recognized for its focus on small cap investments and aims to identify mispriced securities through understanding financial drivers and DCF model valuation [1] Group 2 - The performance of High Tide Inc. reflects the overall strength of the Canadian cannabis retail market [1]
TechPOS + Sticky Cards: Dispensary Loyalty in Apple Wallet with Push Notifications
Newsfile· 2025-06-17 12:00
This partnership connects Sticky Cards' loyalty solution with TechPOS' powerful retail systems, giving cannabis dispensaries a seamless way to deliver loyalty experiences straight to their customers' phones - no apps needed. Sticky Cards live right inside your phone's native Apple Wallet or Google Wallet. Sticky Cards and TechPOS Team Up to Deliver App-Free Loyalty with Push Notifications for Dispensaries TechPOS + Sticky Cards: Dispensary Loyalty in Apple Wallet with Push Notifications June 17, 2025 8:00 A ...
High Tide Reports Second Fiscal Quarter 2025 Financial Results
Prnewswire· 2025-06-16 20:00
 The Company Generates $4.9 Million in Free Cash FlowDaily Same Store Sales Across the Canna Cabana Network Increased by 6.2% Year Over YearThe Company Discloses That it is in Exclusive Discussions Related to a Transaction with a Leading German Medical Cannabis Importer and WholesalerThis news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023. The Company Now Operates 200 ...
High Tide Inc. (HITI) to Announce Second Fiscal Quarter 2025 Financial Results
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-06-02 14:27
High Tide to Announce Second Fiscal Quarter 2025 Financial ResultsHigh Tide Inc. (“High Tide” or the “Company”) (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it will release its financial and operational results for the quarter ended April 30, 2025, after financial markets close on Monday, June 16, 2025. High Tide’s second fiscal quarter 2025 financial and operational results will ...
High Tide to Announce Second Fiscal Quarter 2025 Financial Results
Prnewswire· 2025-06-02 10:00
Core Insights - High Tide Inc. will release its financial and operational results for the quarter ended April 30, 2025, on June 16, 2025, after market close [1] - A webcast will be held on June 17, 2025, at 11:30 AM Eastern Time to discuss the results and future outlook [2] Company Overview - High Tide is a leading retail-forward cannabis enterprise and the second-largest cannabis retailer globally by store count, with 200 locations across Canada [4][10] - The company operates various components of the cannabis industry, including retail, e-commerce, and wholesale distribution [4][5][6] Retail Operations - Canna Cabana™ is the largest cannabis retail chain in Canada and was the first cannabis discount club retailer globally [4] - High Tide employs Fastendr™, an automated technology for a better retail experience [5] Product and Brand Portfolio - High Tide has a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™ [6] - The company is also involved in the CBD market through various platforms [6] Recognition and Growth - High Tide has been recognized as 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 [8]
High Tide Marks Major Milestone with Opening of 200th Canna Cabana Location in Alberta
Prnewswire· 2025-05-29 10:00
Core Insights - High Tide Inc. is set to open its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, on June 3, 2025, marking a significant milestone in its growth strategy [1][3] - The new store is strategically located in Sherwood Park Mall, a key retail hub that attracts substantial foot traffic, serving a community with a population exceeding 75,000 [2] Company Growth and Strategy - The company has focused on high-traffic, high-potential locations, avoiding subpar deals that have led to store closures in the cannabis sector, thus ensuring sustainable growth [3] - High Tide's growth has been primarily funded by its own cash flow, with a significant portion driven organically, which is considered rare in the cannabis retail industry [3] - The company aims to surpass 300 stores in Canada, continuing its responsible and strategic approach to growth [3] Retail Operations - High Tide operates the largest cannabis retail chain in Canada, with 200 locations across various provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario [4] - The company has introduced innovative retail technology, such as Fastendr™, which enhances the customer buying experience through automated kiosks [5] Brand and Product Diversification - High Tide boasts a diverse brand portfolio, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [6] - The company is also involved in the CBD market through various platforms, expanding its product offerings beyond traditional cannabis [6] Industry Recognition - High Tide has been recognized as 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 [8]
FLUENT Launches KNACK Whole Flower Brand in Florida, Expanding New York Line to the Sunshine State
Globenewswire· 2025-05-20 17:59
TAMPA, Fla., May 20, 2025 (GLOBE NEWSWIRE) -- FLUENT Corp. (CSE: FNT.U) (OTCQB: CNTMF) (“FLUENT” or the “Company”), a national cannabis company operating under the FLUENT™ brand, proudly announces the Florida launch of KNACK, its whole flower brand already trusted by New York consumers. Featuring a curated, rotating selection of hybrid, indica, and sativa strains in a 3.5-gram format, KNACK is now available at all 35 FLUENT dispensaries across Florida. KNACK originally debuted in New York, where it quickly ...