New Cannabis Ventures

PharmaCann Fails to Pay Rent Again
Mon 8:04am By Alan Brochstein, CFA
Large cannabis REIT Innovative Industrial Properties (NYSE: IIPR) reported this morning that its largest tenant, PharmaCann, failed to pay rent again. Recall that it had issued a press release on 12/20 that detailed the initial default. Near the end of…

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Another Rough Month in Michigan
Fri 2:49pm By Alan Brochstein, CFA
Michigan cannabis sales for February fell from a year ago and fell sequentially by 2.4%, which was up on a per-day basis. At $241.3 million, sales were down 7.6% from a year earlier: The Michigan Cannabis Regulatory Agency breaks out sales by medical and…

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Cannabis Investors Should Consider Having a Drink
Thu 5:47am By Alan Brochstein, CFA
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most…

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Ascend Beats Expectations in Q4
Wed 4:14pm By NCV Newswire
AWH ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Full Year 2024 Net Revenue Increased 8% Year-over-Year to $562 million Full Year 2024 Adjusted EBITDA¹ Increased 9% Year-over-Year to $116 million Second Full Year of Positive Cash from…

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Cresco Labs Q4 Revenue and Profitability Slip
Wed 7:20am By NCV Newswire
Cresco Labs’ Disciplined Strategy Drives Record Cash Flow in 2024 Financial Results Record full year operating cash flow of $132 million, an increase of 126% from the prior year period CHICAGO–(BUSINESS WIRE)– Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF)…

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Get Ready For More Problems in Florida
Mar 7, 2025, 3:15 pm By Alan Brochstein, CFA
Each week, Florida’s Office of Medical Marijuana Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active patient count, a qualified physician count, new dispensary…

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Incredible Cannabis Stock Crunch
Mar 6, 2025, 7:32 am By Alan Brochstein, CFA
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most…

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A Strong February for Cannabis Sales
Mar 5, 2025, 3:12 pm By Alan Brochstein, CFA
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states. Cannabis sales increased 2.1% sequentially in February despite there being three fewer days than in January. In this review, we…

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Curaleaf Q4 Revenue Shrinks
Mar 3, 2025, 4:14 pm By NCV Newswire
Curaleaf Reports Fourth Quarter and Full Year 2024 Results Fourth quarter 2024 total revenue of $331 million Fourth quarter 2024 International revenue of $31 million Fourth quarter adjusted gross margin(1) of 48% Full year operating cash flow from continuing…

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Glass House Extends Debt
Mar 3, 2025, 7:40 am By NCV Newswire
Glass House Brands Announces New $50 Million Senior Secured Loan – Maturing on January 31st, 2030, the new senior debt facility replaces our previous senior secured loan that was set to mature in late November 2026, pushing out the final balloon payment by…

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