Workflow
concentrates
icon
Search documents
Canopy Growth (CGC) Launches $200M Cross-Border Equity Program
Yahoo Finance· 2025-09-11 17:15
Core Viewpoint - Canopy Growth Corporation has launched a new at-the-market equity program to raise up to $200 million in common shares, aimed at supporting strategic investments and working capital [1][2]. Group 1: Equity Program Details - The new equity program allows for the issuance and sale of up to $200 million in common shares across U.S. and Canadian markets, with Canadian sales capped at $50 million [2]. - The program is governed by an equity distribution agreement dated August 29, 2025, with BMO Nesbitt Burns Inc. and BMO Capital Markets Corp. as agents [3]. - The program will remain active until June 5, 2027, or until the full $200 million is raised, with the Canadian portion ending earlier on July 5, 2026, or upon reaching its $50 million cap [3]. Group 2: Company Overview - Canopy Growth Corporation operates in the cannabis industry, producing and selling cannabis, hemp, and related products across Canada, Germany, and Australia [4]. - The company operates through four segments, including Canada Cannabis and International Markets, offering a variety of products such as dried flower, pre-rolls, edibles, vapes, oils, and concentrates [4]. - Canopy Growth markets its products under multiple brands, including Tweed, 7ACRES, Spectrum Therapeutics, Storz & Bickel, Wana, and DOJA [4].
Top Multi-State Operator Cannabis Stocks in the U.S. — August 2025 Watchlist
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-08-14 14:00
Industry Overview - The U.S. cannabis market is projected to exceed $50 billion annually within the next decade, indicating strong long-term growth potential [1] - Federal reform discussions and state-level legalization are driving investor interest in leading multi-state operators [1] Company Profiles Trulieve Cannabis Corp. (TCNNF) - Trulieve is one of the largest U.S. cannabis operators, with over 190 dispensaries nationwide, including more than 130 in Florida, giving it a dominant market share [3][5] - The company has expanded into states like Arizona, Pennsylvania, and Georgia, maintaining fully integrated operations across its markets [5] - In the most recent quarter, Trulieve reported revenue of approximately $298 million, with gross profit margins exceeding 50% and adjusted EBITDA around $80 million [6][8] Curaleaf Holdings Inc. (CURLF) - Curaleaf is the largest U.S. cannabis company by revenue, operating about 150 dispensaries, primarily in Florida, Arizona, and Massachusetts [9][11] - The company has a diverse product portfolio and is expanding internationally, particularly in Europe, which adds to its growth potential [11] - Curaleaf generated approximately $342 million in revenue in its latest quarter, with gross margins above 45% and adjusted EBITDA near $80 million [12][13] Cresco Labs Inc. (CRLBF) - Cresco Labs focuses on wholesale distribution and operates over 60 dispensaries, primarily in Illinois, Pennsylvania, Ohio, and Massachusetts [14][16] - The company is one of the largest branded cannabis product distributors in the U.S., ensuring consistent product quality through its integrated operations [16] - In its most recent quarter, Cresco reported revenue of approximately $194 million, with gross margins over 45% and adjusted EBITDA around $45 million [17][18] Market Dynamics - The U.S. cannabis industry is characterized by opportunities and challenges, with federal reform being a key catalyst for growth [19] - Competition, pricing pressures, and regulatory complexities necessitate disciplined management and operational efficiency among cannabis operators [19] - Trulieve, Curaleaf, and Cresco have demonstrated the scale and adaptability needed to navigate the current market environment [20]
MJBizCon & Budist Launch The MJBowl, a First-of-its Kind Bi-Coastal Cannabis Competition & Awards
Prnewswire· 2025-08-14 12:00
Core Insights - MJBizCon and Budist are launching the MJBowl, a bi-coastal competition to highlight the Most Valuable Products (MVP) from California and New York across five categories, with winners announced on December 4 [1][5] - The competition runs from August 14 to October 3, 2025, and is open to licensed cannabis companies in the respective states [2] - Judging will be conducted by Budist's panel of critics using a standardized scoring rubric to ensure credibility, with winning brands featured in consumer judging kits [3][4] Industry Context - The MJBowl aims to bridge the gap between East and West cannabis markets, promoting product excellence and national recognition for the cannabis industry [5] - Budist is positioned as a professional review platform, enhancing transparency and community engagement in cannabis product evaluations [8] - MJBiz is recognized as a leading B2B resource for the cannabis industry, producing the largest cannabis trade show, MJBizCon, which has been consistently ranked among the top trade shows in the U.S. [7]
Israel Corp. Reports Results for Second Quarter of 2025
Prnewswire· 2025-08-13 16:23
TEL AVIV, Israel, Aug. 13, 2025 /PRNewswire/ -- Israel Corporation Ltd. (TASE: ILCO) ("ILCO") announced today its second quarter results for the period ending June 30, 2025. | Selected Financial Figures for the Second Quarter 2025: | | | | --- | --- | --- | | $m | | Q2/25Q2/24 | | ILCO share in ICL profit | 40 | 50 | | ILCO share in Prodalim profit | 2 | - | | Amortization of excess cost in held companies | (2) | (1) | | Financing, G&A and other at ILCO headquarter level | 2 | (1) | | Tax income of ILCO Hea ...
Best Cannabis Stocks to Watch Now Before August 2025
Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™· 2025-07-29 14:00
Industry Overview - The U.S. cannabis industry is projected to surpass $44 billion in total sales by 2025, driven by adult-use markets in over 20 states and increasing demand for cannabis wellness products [1] - The industry supports hundreds of thousands of jobs, and despite federal delays, state-level progress continues to drive momentum [1] - Market sentiment fluctuates with cannabis reform discussions, creating both opportunities and uncertainty for traders [2] Company Highlights - AYR Wellness Inc. operates over 90 dispensaries across several major U.S. markets, focusing on premium cannabis brands and in-house product manufacturing [5] - Green Thumb Industries Inc. operates in 15 states with over 140 dispensary licenses, known for its consistent execution and financial discipline [9] - Verano Holdings Corp. operates over 135 dispensaries and emphasizes quality control and sustainable practices, with a strong presence in Florida [13] Financial Performance - AYR Wellness reported Q1 2025 revenue of $114.4 million, a 3% year-over-year increase, with an adjusted EBITDA margin of 23% [8] - Green Thumb Industries reported Q1 2025 revenue of $254.1 million, a 5.4% increase from the previous year, achieving a net income of $11.1 million [10][12] - Verano Holdings reported Q1 2025 revenue of $237 million, with an adjusted EBITDA margin of 28% and a net loss of $9.2 million, an improvement from the previous quarter [15] Investment Opportunities - Traders are focusing on technical analysis to identify potential breakouts in marijuana stocks, with key support and resistance levels being tested [2][3] - AYR Wellness, Green Thumb Industries, and Verano Holdings are highlighted as top stocks to watch for potential gains in the second half of 2025 [16]
iAnthus Continues Expansion in Florida with GrowHealthy Dispensary of Palm Harbor
Globenewswire· 2025-07-17 21:26
Core Insights - iAnthus Capital Holdings, Inc. has opened its 22nd GrowHealthy dispensary in Palm Harbor, Florida, enhancing patient access to premium medical cannabis products [1][2] - The new dispensary aims to provide a modern retail experience focused on patient needs, featuring a variety of products including flower, vapes, and concentrates [2][3] - The grand opening aligns with iAnthus' strategy to expand its footprint in Florida's cannabis market while emphasizing high-quality genetics and whole-plant wellness [3][5] Company Overview - iAnthus is a vertically integrated cannabis company focused on building premium brands through cultivation, production, and retail operations across the United States [5] - The company leverages acquisition-driven growth and access to capital to create a long-term competitive advantage [5] - iAnthus' brand portfolio includes MPX, Anthologie, Black Label, Cheetah, Frūtful, Last Resort, Moodz, and Sunshine State [5]
Verano to Celebrate Grand Opening of Zen Leaf Enfield, Company’s Seventh Connecticut Dispensary, Throughout Memorial Day Weekend
Globenewswire· 2025-05-21 10:00
Core Viewpoint - Verano Holdings Corp. is expanding its retail presence in Connecticut with the opening of Zen Leaf Enfield, increasing its total dispensary count to 157 nationwide, and actively engaging in community development projects [1][2][5]. Group 1: Company Expansion - Zen Leaf Enfield will officially open on May 23, 2025, marking the seventh retail location for Verano in Connecticut [1]. - The company now operates 157 dispensaries across the United States and has 15 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity [5][9]. Group 2: Community Engagement - Verano is supporting the Thompsonville Fire Department by providing funds for a year's supply of Narcan to aid in combating the opioid crisis [3][5]. - The company is also involved in local charitable initiatives, including a food donation drive for Enfield Loaves and Fishes and Enfield Food Shelf [3][5]. Group 3: Grand Opening Activities - The Grand Opening celebration will feature various activities, including a ceremonial ribbon cutting with community leaders and local partners [6][7]. - Special promotions will be available during the opening weekend, including discounts on cannabis products and complimentary food from local vendors [6][8]. Group 4: Local Economic Development - Zen Leaf Enfield is strategically located near the Enfield Square Mall, which is undergoing a $250 million redevelopment into the Enfield Marketplace, aimed at boosting local economic growth [2][5]. - The company aims to contribute to the long-term success of the Enfield community by investing in local job opportunities [2].
Correction: Report on Payments to Governments
Globenewswire· 2025-05-15 06:00
Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique, with total payments amounting to $20,323,000, which includes taxes, royalties, and fees [3][4][22]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [3][6]. - The company is incorporated in Ireland and has listings on the London Stock Exchange and Euronext Dublin [6][25]. Report Scope and Compliance - The report complies with the Transparency Regulations and the Companies Act, detailing payments related to the exploration, development, and extraction of minerals [5][9]. - Payments are disclosed on a cash basis and are categorized into royalties, taxes, and fees, among others [12][14]. Financial Summary - Total payments to the Government of Mozambique for 2024 include: - Taxes: $9,921,000 - Royalties: $10,087,000 - Fees: $315,000 - Total: $20,323,000 [22]. - The mining operations are conducted by wholly-owned subsidiaries, Kenmare Moma Mining (Mauritius) Limited and Kenmare Moma Processing (Mauritius) Limited, which account for 100% of the Group's turnover [7][10]. Payment Details - The Group is subject to a mining royalty of 3% based on Heavy Mineral Concentrate (HMC) sold, and a revenue royalty of 1% on revenue recognized by the processing subsidiary [14][15]. - The corporation tax rate applicable to the Mozambique branch is 35% on taxable profits [15]. Community and Infrastructure Contributions - Payments for infrastructure improvements and social investments are excluded from the report, focusing instead on direct payments to the government [17].
Report on Payments to Governments
Globenewswire· 2025-05-14 06:00
Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique related to its mining operations at the Moma Titanium Minerals Mine [2][3]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [5][22]. - The company is incorporated in Ireland and has a premium listing on the London Stock Exchange, with a secondary listing on Euronext Dublin [5]. Regulatory Compliance - The report complies with the Transparency Regulations, Companies Act 2014, and UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, ensuring transparency in payments made to governments [4]. Payment Analysis - The report categorizes payments made to the Government of Mozambique, including taxes, royalties, and fees, with a total payment of $20,323,000 for the year 2024 [21]. - Specific payments include $9,921,000 in taxes, $10,087,000 in royalties, and $315,000 in fees [21]. Operational Structure - The mining operations at the Moma Mine are conducted by Kenmare Moma Mining (Mauritius) Limited and processing by Kenmare Moma Processing (Mauritius) Limited, both wholly-owned subsidiaries of Kenmare [6][9]. - The Group's corporate costs are recorded by the parent company, which does not engage in direct exploration or mining activities [7]. Financial Metrics - For the fiscal year ending 31 December 2024, the margin applied to cash costs of mining was 50.5%, as stipulated in the Mineral Licensing Contract with the Government of Mozambique [12]. - KMML is subject to a mining royalty of 3% based on HMC sold to KMPL, while KMPL pays a revenue royalty of 1% on recognized revenue [13][16]. Community Contributions - The report highlights the Group's contributions to local communities, although specific payments for infrastructure improvements are excluded from the report [10][17].