Vireo Growth Inc. announced today that its board of directors has authorized a new share buyback program allowing the cannabis company to repurchase up to approximately 2.43 million subordinate voting shares. The program will begin August 17 under a normal course issuer bid and will allow Vireo to purchase shares on the open market through …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Ascend Wellness Reports $126.1 Million in Q2 Revenue, Up 7.9% From Previous Quarter
Ascend Wellness Holdings reported $126.1 million in net revenue for the second quarter of 2026, an increase of 7.9% from the previous quarter, as the marijuana company continued expanding its retail footprint. Retail revenue reached $92.7 million, up 11.5% sequentially from $83.1 million in the first quarter. Wholesale revenue totaled $33.4 million, down slightly from …
Rubicon Organics Reports Record $18.5 Million in Q2 Revenue, Up 23% Year-Over-Year
Rubicon Organics Inc. reported record net revenue of $18.5 million for the second quarter of 2026, an increase of 23% from the same period last year and 35% from the previous quarter. The Canadian cannabis producer, which trades as ROMJ on the TSX Venture Exchange and ROMJF on the OTCQX, said net revenue for the …
Trulieve Completes Move From British Columbia to Delaware
Trulieve Cannabis Corp. has completed its move from British Columbia to Delaware, formally shifting the marijuana company’s corporate domicile to the United States. The redomicile became effective August 11 after the required filings took effect in Delaware. The move follows approval from the British Columbia Supreme Court on August 10 and an overwhelmingly favorable shareholder …
Aurora Cannabis Responds to Curaleaf Takeover Proposal, Plans Special Committee Review
Aurora Cannabis Inc. has responded to Curaleaf Holdings’ proposed takeover bid, saying its board plans to establish a special committee of independent directors to evaluate the offer. Curaleaf announced Tuesday that it intends to launch an unsolicited bid to acquire all outstanding Aurora shares for implied consideration of $4 per share. The proposal consists of …
Curaleaf Announces Plan to Launch Takeover Bid for Aurora Cannabis
Curaleaf Holdings, Inc. announced Tuesday that it intends to launch a takeover bid for Aurora Cannabis Inc., a proposed combination that the company says would create a global cannabis platform approaching a $3 billion market capitalization. Curaleaf (TSX: CURA) (OTCQX: CURLF) said the proposed offer represents a 45% premium for Aurora (NASDAQ: ACB) shareholders, who …
Safe Harbor Financial Reports $1.9 Million in Q2 Revenue, Up 4.8% From a Year Ago, Cannabis Deposit Balances Reach $108 Million
Safe Harbor Financial reported approximately $1.9 million in revenue for the second quarter of 2026, an increase of 4.8% compared with the same period last year, as the cannabis-focused financial services company saw strong growth in lending income and deposit balances. SHF Holdings, Inc., which operates as Safe Harbor Financial (NASDAQ: SHFS), said loan program …
Green Thumb Opens 23rd Florida Marijuana Dispensary in Port Charlotte, Now Operates Over 120 Dispensaries in 14 States
Green Thumb Industries has opened its 23rd medical marijuana dispensary in Florida, expanding its RISE retail footprint into Port Charlotte. RISE Dispensary Port Charlotte opened Monday at 1931 Tamiami Trail, serving registered medical marijuana patients throughout Southwest Florida. The location is open from 9 a.m. to 8 p.m. Monday through Saturday and from 11 a.m. …
Canopy Growth Reports CA$81.2 Million in Quarterly Revenue, Up 13% Year-Over-Year
Canopy Growth Corporation reported CA$81.2 million in net revenue for its first quarter of fiscal year 2027, an increase of 13% compared to the same period last year, with revenue growth across each of its major business segments. Cannabis net revenue reached CA$65.1 million for the three months ended June 30, up 14% from CA$57 …
Trulieve Reports $271 Million in Q2 Revenue, $98 Million in Adjusted EBITDA
Trulieve Cannabis Corp. reported $271 million in revenue for the second quarter of 2026, along with $98 million in adjusted EBITDA and a 60% gross margin. The company said 94% of quarterly revenue came from retail sales. Revenue declined 10% from $302 million during the same quarter last year, while adjusted EBITDA decreased 11% from …
