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Vireo Growth Inc. Enters into Definitive Agreement to Acquire Certain Assets of PharmaCann Inc.
Globenewswire· 2025-12-17 02:03
Core Viewpoint - Vireo Growth Inc. is expanding its retail presence in Colorado by acquiring 17 dispensaries from PharmaCann Inc., bringing its total to 41 dispensaries in the state, which strengthens its leadership position in the adult-use retail market [1][2]. Group 1: Transaction Details - The total consideration for the acquisition is approximately $49.0 million, payable in subordinate voting shares at closing, along with the assumption of certain liabilities [2]. - The share consideration will be adjusted based on inventory levels and trade payables of the acquired dispensaries, and will be subject to customary resale restrictions under Canadian securities law [2]. - A Management Services Agreement has been established, allowing one of Vireo's subsidiaries to manage the acquired dispensaries until the closing, pending necessary regulatory approvals [2]. Group 2: Strategic Implications - The CEO of Vireo, John Mazarakis, emphasized that this transaction aligns with the company's strategy of growth through accretive mergers and acquisitions, complementing other recent acquisitions in Colorado [3]. - Vireo was founded in 2014 as a pioneering medical cannabis company, focusing on building a disciplined and execution-oriented platform in the industry [3].
Cannabis stocks rally on reports Pres. Trump will sign executive order reclassifying marijuana
Youtube· 2025-12-12 22:57
Fast money trader Tim Seymour. He's behind of course the Amplify Seymour cannabis ETF which surged nearly 55% today. Its best day on record.Such a good day that Tim comes to us in a hoodie. Tim >> in a hoodie. We're talking.Why wouldn't we. Why would I mean the rescheduling that has been something that investors are hoping for. It seems like you get a whiff of it, the stocks go up.You say this is for real this time. Why >> a whiff. No, no pun intended.So I I think it is real. I think it's always been real. ...
Trump Lights Up the Cannabis Market With Plans for Reclassification
247Wallst· 2025-12-12 18:52
The U.S. marijuana industry has stagnated for year, languishing under federal inaction on reclassification or decriminalization. Classified as a Schedule I drug under the Controlled Substances Act — alongside hard drugs like heroin and LSD — cannabis is deemed to have no accepted medical use and high abuse potential. This status blocks research, interstate commerce, and access to basic banking services for operators. Meanwhile, 38 states have legalized medical marijuana, and 24 allow recreational use, creat ...
Verano Awarded Conditional License to Commence Vertical Cannabis Operations in Texas
Globenewswire· 2025-12-02 21:10
Subject to final state approval, the Dispensing Organization License grants Verano permission to cultivate, process and dispense medical cannabis across the state to support expansion of the Texas Compassionate Use Program CHICAGO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNO) (along with its subsidiaries, “Verano” or the “Company”), a leading multi-state cannabis company, today announced the Texas Department of Public Safety has awarded Verano a conditional Dispensi ...
Canadian Cannabis Market Outlook for December 2025: Key Trends for Investors
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-12-02 15:00
Cannabis Stocks in Canada: December 2025 Investment GuideThe Canadian cannabis sector enters December 2025 with renewed attention from both traders and long-term investors. Market conditions have remained unpredictable this year, yet several leading companies continue showing resilience and strategic progress. The industry still faces slower domestic growth, tighter financing conditions, and heavy price competition. However, many operators are building stronger platforms, expanding international footprints, ...
Sannabis, Inc. (OTC:USPS) Announces Supplier Agreement with Licensed Colombian Grower to Stock Sannabis Human Fine Clinics and Pharmacy
Accessnewswire· 2025-11-24 13:30
Sannabis S.A.S. doctors will lead nationwide medical cannabis education as Colombia enters a new regulatory phase for cannabis flower distribution. ...
Toronto Stock Exchange, High Tide Inc., The View from the C-Suite
Newsfile· 2025-11-14 18:21
Core Insights - High Tide Inc. is a leading cannabis enterprise focused on retail and community growth, operating the second-largest cannabis retail brand globally and supplying medical cannabis in Germany [3][4] - The company has been recognized for its growth, being named one of Canada's Top Growing Companies for five consecutive years and ranked as a top 50 company by the TSX Venture Exchange in 2022, 2024, and 2025 [4] Company Overview - High Tide operates through its subsidiary Canna Cabana and has multiple global e-commerce platforms for accessories and hemp-derived CBD products [3] - The company has achieved significant recognition, including being ranked number one in the retail category on the Financial Times list of America's Fastest Growing Companies for 2023 [4]
Vireo Growth Inc. Announces Third Quarter 2025 Results
Globenewswire· 2025-11-12 13:00
Core Insights - Vireo Growth Inc. reported a significant increase in Q3 GAAP revenue, reaching $91.7 million, a 264% year-over-year growth, attributed to M&A transactions and organic growth [1][2] - The company completed a refinancing of senior secured debt, expected to reduce annualized interest expenses by $10 million [1] - Vireo ended Q3 with $117 million in cash and plans to pursue acquisitions in a distressed market environment [1] Financial Performance - Q3 GAAP Revenue: $91.7 million (up 264% from $25.2 million in Q3 2024) [2] - Q3 GAAP Gross Profit: $37.4 million (up 204.1% from $12.3 million in Q3 2024) [2] - Q3 Adjusted Gross Profit: $50.8 million (up 300% from $12.7 million in Q3 2024) [2] - Q3 GAAP Operating Income: $0.8 million (down 79% from $3.9 million in Q3 2024) [2] - Q3 Adjusted Operating Income: $21.0 million (up 303.8% from $5.2 million in Q3 2024) [2] - Q3 Adjusted EBITDA: $25.4 million (up 297% from $6.4 million in Q3 2024) [2] Recent Developments - Vireo recorded its first sale of adult-use cannabis in Minnesota on September 16, 2025, expanding its product offerings across eight dispensaries [4] - The company announced the acquisition of senior secured convertible notes from Schwazze, aiming to restructure its operations and capital structure [5] - A settlement agreement with Verano Holdings Corp. was reached, valued at approximately $10 million, resolving all outstanding litigation [6] Operational Integration - By the end of Q3, Vireo had largely completed the integration of recent acquisitions, including streamlining various operational functions and implementing a new Enterprise Resource Planning system [7] Balance Sheet and Liquidity - As of September 30, 2025, total current assets were $191.1 million, with cash on hand of $117.5 million [8] - Total current liabilities were $60.8 million, indicating a strong liquidity position [8]
Aurora Cannabis: Medical Sales Boom Worldwide, Cash Flow to Swing Positive – Quarterly Update Report
Yahoo Finance· 2025-11-10 13:25
Core Insights - Aurora Cannabis Inc. (NASDAQ: ACB) demonstrated strong top-line growth and profitability, with positive cash flow anticipated soon [1][3] Financial Performance - The top line increased by 11%, primarily driven by robust medical cannabis demand from Germany, Poland, and Australia [2] - Gross margin expanded significantly to 61%, led by the medical business, outperforming the broader cannabis industry [2] Future Outlook - Management expects a return to positive free cash flow in the fiscal third quarter ending in December [3] - Aurora maintains a strong balance sheet with C$142 million in cash and no cannabis-related debt [3] Competitive Positioning - The re-certification of Aurora's EU-GMP and the expansion of the Leuna facility enhance visibility for sustainable growth and margin improvement [3] - ACB is trading at 0.9x forward sales and 6.5x EV/EBITDA, below peer averages, indicating attractive valuation despite strong industry positioning [4]
Village Farms Delivers Another Quarter of Record Financial Performance in Q3/25
Globenewswire· 2025-11-10 12:00
Core Insights - Village Farms International reported record financial performance in Q3 2025, with significant year-over-year increases in net income, adjusted EBITDA, and cash flow from operations [2][3] - The company achieved a 29% year-over-year growth in net sales, reaching $66.7 million, and a record gross margin of 56% [3][8] - International export sales surged by 758%, driven by strong demand in Germany and other international markets [3][14] Financial Performance - Consolidated net sales increased by 21% year-over-year to $66.7 million, up from $54.9 million [3][8] - Consolidated net income from continuing operations was $10.8 million, or $0.09 per share, compared to a net loss of $0.8 million in the prior year [3][8] - Adjusted EBITDA reached $20.2 million, representing 30.3% of sales, marking both a company record and a significant increase from $4.7 million or 8.5% of sales in the prior year [3][8] Canadian Cannabis Segment - Canadian cannabis operations delivered record net sales of $46.6 million, a 29% increase from $36.5 million [3][8] - The gross margin for Canadian cannabis improved to 56%, up from 26%, due to enhanced operating efficiency and a higher mix of international export sales [3][8] - A 40 metric ton production capacity expansion project is currently underway to support growth in Canadian and international markets [2][3] International Cannabis Segment - The Netherlands cannabis operations saw continued sales growth, with the Drachten facility reaching full operating capacity [2][3] - Construction of a second, larger facility in the Netherlands is on schedule to be operational in Q1 2026, which is expected to quintuple production capacity [2][3] Cash Flow and Capital Allocation - Operating cash flow for the quarter was $24.4 million, bringing the year-to-date total to $46.7 million, with a cash position of approximately $88 million at quarter-end [3][8] - The company initiated a share repurchase program, authorizing up to $10 million for the buyback of common shares as part of a balanced capital allocation strategy [15]