Cresco Labs reported $173.3 million in revenue for the second quarter of 2026, an increase of 15% from the previous quarter and 6% compared with the same period last year. The Chicago-based marijuana company generated $86.9 million in gross profit during the quarter ending June 30, representing a gross margin of 50.2%. Adjusted gross profit …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Trulieve Shareholders Overwhelmingly Approve Move From British Columbia to Delaware
Trulieve Cannabis Corp. shareholders have overwhelmingly approved a proposal to relocate the company’s legal home from British Columbia to Delaware. At a special meeting held August 5, shareholders cast 71,756,586 votes in favor of the move, compared with 383,078 votes against and 50,472 abstentions, according to a new filing with the U.S. Securities and Exchange …
Curaleaf Reports $340 Million in Second-Quarter Revenue, Up 10% From Last Year
Curaleaf Holdings reported $340.1 million in net revenue for the second quarter of 2026, an increase of 10% from the same period last year, while the company recorded net income of $12.5 million. Revenue increased from $310.6 million in the second quarter of 2025 and was up 5% compared with $324.2 million during the first …
Verano Reports $218 Million in Second-Quarter Revenue, Net Loss Narrows to $13 Million
Verano Holdings Corp. reported $217.9 million in revenue for the second quarter of 2026, marking its third consecutive quarter of revenue growth. Revenue increased 5% from $208.2 million during the first quarter and 8% from $202.3 million during the same period last year, according to financial results released Wednesday. The multistate marijuana company reported a …
High Tide Closes C$40 Million Credit Facilities With Bank of Montreal
High Tide Inc. has closed C$40 million in senior secured credit facilities with Bank of Montreal (BMO), giving the cannabis retailer additional funding for working capital, acquisitions and refinancing existing debt. The Calgary-based company announced the closing Wednesday, following its June 15 disclosure that it had received credit approval from BMO. High Tide also repaid …
Jushi Holdings Completes Redomicile From British Columbia to Nevada
Jushi Holdings Inc. has completed its previously announced redomicile from British Columbia, Canada, to Nevada, the multistate marijuana operator announced Friday. The move became effective July 30 after the company filed the required documents with the Nevada Secretary of State and received the necessary court approval. Jushi shareholders approved the redomicile during the company’s annual …
High Tide Completes $7.77 Million Acquisition of Four Ontario Marijuana Stores
High Tide Inc. announced today that it has completed its $7.77 million acquisition of Northern Helm, adding four marijuana stores in Ontario to its retail network. The stores are located in Bowmanville, Kingston, Courtice and Oshawa. With the acquisition complete, High Tide now operates 228 marijuana stores across Canada, including 103 in Ontario. The Calgary-based …
Curaleaf to Open 75th Florida Marijuana Dispensary in Boynton Beach on July 31
Curaleaf Holdings will open its 75th Florida medical marijuana dispensary Friday, July 31, expanding the company’s nationwide retail footprint to 167 locations. The new dispensary is located at 3575 W. Boynton Beach Blvd. in Boynton Beach, near the Boynton Beach Mall and several major roadways. The location will carry a range of medical marijuana products, …
SNDL-Backed Entity Acquires 56 Parallel Cannabis Locations Across Florida, Texas and Massachusetts
SNDL announced Monday that an entity backed by its Sunstream joint venture has completed the acquisition of certain Parallel cannabis assets in Florida, Texas and Massachusetts. The transaction includes 56 retail locations and three cultivation and manufacturing facilities generating approximately $150 million in annualized revenue. Through the deal, SNDL has indirect majority economic exposure equivalent …
Glass House Brands Hires Former DEA Official to Advise on Potential Interstate Marijuana Commerce and Exports
Glass House Brands has retained a former Drug Enforcement Administration official to help the California-based marijuana company prepare for potential interstate commerce and international export opportunities. The company announced Monday that Matt Murphy will advise it on developing compliance systems that could meet federal Schedule III requirements and the regulations of markets outside California. Interstate …
