CHELMSFORD, Mass.--(BUSINESS WIRE)--The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) ("The Cannabist Company†or "the Company†), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the United States, today announced that it has entered into a forbearance agreement (the "Forbearance Agreement†), with an ad hoc group of noteholders (the "Forbearing Noteholders†) of the Company's 9.25% Senior Secured Notes due December 31, 2028 (the "9.25% Senior ...

Core Viewpoint - Ascend Wellness Holdings, Inc. has opened a new dispensary in Englewood, Ohio, expanding its retail presence in the state's regulated cannabis market, catering to both medical and non-medical customers [1][2]. Group 1: Company Expansion - The new dispensary in Englewood is part of Ascend's strategy to enhance its retail footprint in Ohio, where it already operates multiple locations [2]. - Ascend aims to provide safe access and quality products while focusing on a patient- and customer-centric retail experience [2]. Group 2: Grand Opening and Community Engagement - A grand opening event is scheduled for January 16, inviting local patients, customers, and community members to explore the new facility and learn about Ascend's product offerings [3]. - The dispensary is designed to create an efficient and welcoming shopping experience, featuring a variety of cannabis products from leading brands [4]. Group 3: Product Offering and Customer Engagement - The Englewood dispensary will offer a wide range of cannabis products, including flower, vapes, edibles, and concentrates, with options for in-store or online purchases [4]. - Ascend has introduced a revamped loyalty program, the Ascenders Club, to reward customers for their purchases and in-store deals [5]. Group 4: Operational Details - The Englewood dispensary will operate daily from 8:00 a.m. to 11:00 p.m., serving both medical and non-medical customers [6]. - For further information about Ascend and its dispensaries, customers can visit the company's website [6]. Group 5: Company Overview - Ascend Wellness Holdings, Inc. is a vertically integrated cannabis operator with assets across several states, including Ohio, and produces a curated selection of cannabis products for retail and wholesale [7].

Core Insights - The U.S. cannabis sector is evolving with regulatory momentum, and strong operators are positioning for long-term growth as of January 2026 [1] Group 1: Trulieve Cannabis Corp. - Trulieve Cannabis Corp. is a leading multistate operator with a dominant presence in Florida and over 190 dispensaries nationwide, supporting strong brand recognition and retail traffic [2][4] - The company emphasizes vertical integration and customer loyalty programs, which contribute to strong repeat customer visits and controlled expansion [2][4] - Financially, Trulieve focuses on stability, generating strong quarterly revenue and maintaining high gross margins, while also producing positive operating cash flow and reducing debt [4] Group 2: Curaleaf Holdings, Inc. - Curaleaf Holdings, Inc. operates approximately 150 dispensaries across key markets such as Florida, Massachusetts, New York, and California, with extensive cultivation and processing facilities [6][8] - The company offers a diverse product portfolio and is expanding internationally, which diversifies revenue sources beyond the U.S. market [6][8] - Despite facing pricing competition and regulatory costs, Curaleaf generates positive operating cash flow and is focusing on cost reductions to stabilize profitability [8] Group 3: Cresco Labs Inc. - Cresco Labs Inc. is known for its branded product strategy and operates in high-value U.S. markets, including Illinois and Pennsylvania, with a strong emphasis on wholesale distribution [9][11] - The company's recent financial performance shows stable quarterly revenue and narrowing net losses, indicating potential stabilization despite industry headwinds [11] - Cresco benefits from improving wholesale demand and may gain from potential federal policy developments that could enhance profitability [11]

Core Insights - iAnthus Capital Holdings, Inc. has expanded its operations by opening its 25th GrowHealthy dispensary in St. Petersburg, Florida, enhancing access to premium cannabis products for patients [1][4] Company Overview - iAnthus is a vertically integrated cannabis company focused on building premium brands through cultivation, production, and retail operations across the United States [6] - The company’s brand portfolio includes MPX, Anthologie, Black Label, Cheetah, Frūtful, Last Resort, Moodz, Sunshine State, and The Vault [6] New Dispensary Details - The St. Petersburg dispensary features an expanded lineup of premium product brands, including The Vault, MPX, and Sunshine State, providing patients with greater choice and quality [2][3] - The dispensary is designed to create a local feel while ensuring high-quality service and product consistency [3][4] - Located at 4831 34 Street South, the dispensary operates Monday to Saturday from 9:00 a.m. to 8:30 p.m. and Sunday from 9:00 a.m. to 8:00 p.m. [5] Commitment to Patient Experience - The opening of the St. Petersburg location reflects iAnthus' commitment to enhancing patient access and improving the cannabis retail experience in Florida [4] - The company emphasizes a compassionate, educational, and genuine connection with patients, aiming to create a welcoming environment [4]

Core Insights - The U.S. cannabis industry is evolving with strong long-term growth expectations despite recent sector pullbacks, leading investors to seek companies with real revenue and disciplined expansion plans [1][2][20] Industry Overview - Legalization progress is expected to continue into 2026 and 2027, with state-level expansion and adult-use markets growing rapidly [2] - Large operators with broad footprints are benefiting from rising demand as many states have legalized recreational use [2] Company Highlights - **Trulieve Cannabis Corp. (TCNNF)**: - Holds a strong leadership position in Florida with over 190 dispensaries, focusing on medical patients and gradually expanding into other states [4][5] - Financially, Trulieve shows strong revenue performance and has improved profit margins through cost management and operational efficiency [7][8][9] - **Curaleaf Holdings, Inc. (CURLF)**: - One of the largest cannabis operators in the U.S. with over 140 dispensaries and a diversified product portfolio [10][11] - Continues to manage debt and strengthen its balance sheet while focusing on expense reductions and operational efficiency [13][14] - **Green Thumb Industries Inc. (GTBIF)**: - Operates over 90 stores with a focus on branded consumer products and product innovation [15][16] - Demonstrates impressive revenue growth and strong gross margins, maintaining a disciplined approach to expansion [18][19] Financial Performance - Trulieve has reported steady quarterly revenue during 2025, with a focus on debt reduction and cash flow improvements [7][9] - Curaleaf remains a top revenue producer but faces profitability challenges, emphasizing margin improvements [13][14] - Green Thumb has shown consistent quarterly revenue increases and strong financial profiles, making it an attractive long-term investment [18][19]

Core Insights - The cannabis sector is attracting investor interest due to growth opportunities despite market volatility, with marijuana penny stocks showing potential for significant upside as conditions improve [1][2] Industry Overview - The cannabis industry is adapting to changing consumer demands, competitive state markets, and evolving regulations, with a focus on financial discipline and strategic progress [2] - State-level expansion continues to support gradual industry growth, even amidst uncertainty regarding federal reform [2] Company Highlights - **Glass House Brands Inc. (GLASF)**: Focuses on large-scale greenhouse cultivation and retail operations in California, emphasizing cost reduction and brand recognition through strategic acquisitions and new store openings [4][7] - **Ascend Wellness Holdings, Inc. (AAWH)**: Operates across multiple states with a diverse product range, balancing pricing pressures and opportunities through geographic diversification and improved customer experiences [8] - **Planet 13 Holdings Inc. (PLNH)**: Known for its experience-based retail model, particularly in Las Vegas, and is expanding into new states while focusing on branded consumer products and operational efficiency [10][12] Financial Performance - **Glass House Brands**: Revenue growth driven by increased production and improved gross margins, with a positive trend in operating income as the company scales production [7] - **Ascend Wellness Holdings**: Revenue growth supported by wholesale and retail expansion, though still facing net losses due to debt and operating expenses; improving margins indicate operational progress [8] - **Planet 13 Holdings**: Modest revenue growth from store expansion, facing pressure on gross profit margins due to operating expenses, but showing progress in reducing overhead costs [12]

Core Viewpoint - MediPharm Labs Corp. is preparing for its Annual and Special Meeting of Shareholders on June 16, 2025, emphasizing the importance of shareholder support for its Board of Directors and strategic direction amidst a challenge from a dissident shareholder [1][2][6]. Financial Performance - In 2024, MediPharm reported a 27% year-over-year increase in net revenue and improved gross profit margin from 18% in 2023 to 31% [5]. - The company's Adjusted EBITDA loss narrowed by $8.3 million to $1.9 million in 2024 compared to the previous year, with expectations of reaching positive Adjusted EBITDA soon [5]. Strategic Developments - MediPharm has undergone a strategic revitalization, including the acquisition of VIVO Cannabis in March 2023, which has opened new international markets and contributed approximately $10 million in annual revenue from its Beacon brand in Australia [12][13]. - The company has streamlined operations, focusing on strategic business lines and reducing operating expenses by half through synergies from the VIVO acquisition [11][13]. Governance and Shareholder Engagement - The Board of Directors recommends shareholders vote using the GREEN proxy to support its nominees, highlighting concerns about the qualifications of dissident nominees from Apollo Technology Capital Corp. [2][6][16]. - MediPharm emphasizes its commitment to good governance practices, including an independent Chair and key committees, to enhance shareholder value [20][21]. Market Position and Future Outlook - MediPharm's product mix includes various cannabis products, with international sales exceeding 50% of revenues in recent quarters, positioning the company for growth in the medical cannabis sector [15]. - The company believes it has established a solid foundation for future growth and is committed to ongoing enhancements in governance and operational strategies [28][27].

Core Insights - iAnthus Capital Holdings, Inc. has expanded its operations by opening its 24th GrowHealthy dispensary in Fort Myers, Florida, enhancing patient access to premium cannabis products [1][4] - The new dispensary features an expanded lineup of brands, including The Vault, Sunshine State, and MPX, providing patients with greater choice and quality [2][3] - The company emphasizes a flower-first philosophy and community connection, aiming to meet diverse wellness needs through a comprehensive product menu [3][4] 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 is backed by a leadership team with expertise in cultivation, operations, and capital markets, leveraging acquisition-driven growth for competitive advantage [5] - iAnthus' brand portfolio includes MPX, Anthologie, Black Label, Cheetah, Frūtful, Last Resort, Moodz, Sunshine State, and The Vault [5]

Core Insights - Ayurcann Holdings Corp. has reported strong financial and operational results for the fiscal year ended June 30, 2025, highlighting its growth and market position in the Canadian cannabis industry [1][5]. Financial Highlights - Gross revenue reached CAD 55,446,352 for the fiscal year 2025, an increase from CAD 45,265,235 in 2024, reflecting a significant year-over-year growth [8]. - Adjusted EBITDA improved to CAD 507,570, compared to a loss of CAD 352,492 in FY2024, indicating a turnaround in financial performance [8]. Operational Highlights - The product portfolio has expanded to 80 SKUs nationwide, demonstrating the company's commitment to innovation and product diversity [8][9]. - Ayurcann's products are available in over 75% of licensed retail cannabis stores across Canada, showcasing a robust national distribution network [3]. - In Ontario, the largest cannabis market in Canada, Ayurcann has achieved over 80% retail penetration, with products in more than 1,500 licensed stores [4]. Market Position - Ayurcann has maintained a 100% year-over-year sales growth for the past three fiscal years (2021-2024), underscoring its operational strength and market leadership [2]. - The company has established strong relationships with the Ontario Cannabis Store and retail partners, enabling it to capture significant market share [4]. Corporate Update - Ayurcann will voluntarily delist from the OTCQB effective October 30, 2025, while continuing to trade on the Canadian Securities Exchange under the ticker symbol "AYUR" [10].

Industry Overview - The Canadian cannabis sector is gaining investor attention as the U.S. market approaches broader reform, with the U.S. cannabis market projected to reach approximately $38.5 billion in 2024 and grow at a CAGR of 11-12% through the late 2020s [1][3] - Legislative changes in the U.S., such as Delaware's adult-use cannabis sales starting August 1, 2025, and potential federal rescheduling of marijuana, are creating strong thematic tailwinds for Canadian cannabis stocks with U.S. exposure [1][3] Company Highlights Tilray Brands (TLRY) - Tilray has established a strong global identity by combining cannabis, wellness, and beverages, significantly expanding its U.S. footprint through acquisitions [4][6] - The company reported record revenue exceeding $820 million for fiscal 2025, with gross margins averaging around 40%, showcasing strong cost management [8][9] - Tilray's strategic pivot into hemp-based beverages and wellness products allows it to build a presence in the U.S. market despite federal restrictions [10][7] Canopy Growth Corporation (CGC) - Canopy Growth is recognized as a leading cannabis company in Canada, with ambitions to enter the U.S. market through strategic partnerships and acquisitions, notably its option to acquire Acreage Holdings [10][12] - The company generated nearly $300 million in revenue but reported a net loss exceeding $650 million, highlighting ongoing profitability challenges [14][15] - Canopy's U.S. strategy is designed to unlock value upon legalization, with a strong brand portfolio and rights to Acreage Holdings representing potential growth [16] Village Farms International (VFF) - Village Farms operates in both agriculture and cannabis, leveraging its expertise in greenhouse cultivation to strengthen its cannabis operations in Canada [18][19] - The company reported net income above $25 million in 2025, with adjusted EBITDA reaching nearly 30% of total sales, demonstrating strong profitability and revenue growth [20] - Village Farms' focus on cultivation efficiency and vertical integration has allowed it to achieve profitability, distinguishing it from many cannabis peers [20][21] Conclusion - Tilray, Canopy Growth, and Village Farms each demonstrate unique strategies for growth and financial improvement in the evolving cannabis landscape [21] - These companies are well-positioned to capitalize on potential U.S. legalization and changing market dynamics, offering various investment opportunities [21]