It Public Hemp Company Revenue and Earnings Trackingrun by New Cannabis Ventures, ranks the leading cannabis companies. This update is our first since mid-August when we reviewed Q2 reports.

Tracking rules

This data-driven, fact-based search engine will be continually updated based on new financial filings so readers can stay up-to-date. Companies must file with the SEC or SEDAR and be current to be considered for inclusion. When we launched this resource in May 2019, companies with more than $2.5 million in quarterly revenue qualified. As the industry has grown and as more companies have gone public, we have raised the minimum several times, including $5 million in October 2019, $7.5 million in June 2020, up to $10 million in November 2020, $12.5 million in August 2021, $12.5 million in August 2021, and $202 in September 2021. million dollars. hemp industry, we raised the minimum again in May 2024. The senior roster has a minimum of US$50 million (C$70.2 million) and the junior roster now has a minimum of US$25 million (C$35.1 million).

Note on adjusted operating income

In May 2019, we added an additional measure, Adjusted Operating Income, which we detailed in our newsletter. The calculation takes reported operating income and adjusts it for any changes in the fair value of biological assets required under IFRS accounting. We believe this adjustment improves comparability between companies under IFRS and GAAP accounting. We note that operating income can often include one-time items such as stock compensation, inventory write-offs or public listing costs, and we encourage readers to understand how these non-cash items may impact quarterly financials. Many companies have moved from IFRS to US GAAP accounting, which has reduced our need to make adjustments. Please note that our rating only includes actual reported income and non pro forma income. We also note that companies with non-hemp operations must provide segment-level financial statements detailing not only revenue but also operating profit in order for their operating profit to be included in the tracking. Currently, Aurora Cannabis (NASDAQ: ACB ) (TSX: ACB ), Jazz Pharma (NASDAQ: JAZZ ) and Tilray (TSX: TLRY ) (NASDAQ: TLRY ) do not provide this information.

Tracker inclusion updates

At the time of our last update on August 13, 16 companies were eligible for inclusion on the senior lists, including 13 in USD and 3 in Canadian currency, and 11 companies on the junior list. Now, 14 companies denominated in US dollars and 5 denominated in Canadian dollars qualify for the senior lists, for a total of 19 now. The junior list includes 11 companies that report in US dollars and 1 in Canadian dollars. Tracking public cannabis company revenue and earnings on a combined basis now includes 31 companies. One company, Glass House Brands (OTC: GLASF) (NEO: GLAS.AU) moved from the American Junior list to the Senior list. Fluent (OTC: CNTMF) (CSE: FNT.U) has been added to the American Junior list. In Canada, Auxly Cannabis (OTC: CWBTF) (TSX: XLY) has joined the Junior List.

Companies that have reported since mid-August are included

There have been few reports since our last update, as most of these companies are operating at the end of December and meet earlier deadlines than the middle of the month.

Senior and Junior – US Dollar Report

Neither company has yet reported Q3, but updates will begin to trickle in next week. Tilray brands (NASDAQ: TLRY ) (TSX: TLRY ) reported its fiscal quarter earlier this month. The diversified company grew its cannabis business 5% year-over-year as it declined 5% sequentially. Overall for the company was up from a year ago, but adjusted EBITDA was lower than expected due to lower gross margin.

One major company that has diversified beyond cannabis, and Scotts Miracle-Gro (NYSE: SMG ), will report its fiscal 4th quarter by the end of the year. It has not yet scheduled the next conference call, although its website suggests 11/5 could be a tentative date.

Some of the 5 largest MSOs have scheduled calls for their Q3 financial reports, although GTI has changed its policy and will not be hosting any for now. Here is the current outlook of all of them.

• Curaleaf (OTC: CURLF ) (TSX: CURA ) – revenue is expected to decline 4% year-over-year to $317.1 million, with adjusted EBITDA of $66.4 million, a 12% decline.
• Trulieve (OTC: TCNNF ) (CSE: TRUL ) – Revenue is expected to increase 1% year-over-year to $296 million, and adjusted EBITDA is expected to decline less than 1% to $95.9 million, a 13% decline sequentially.
• Green Thumb Industries (OTC: GTBIF ) (CSE: GTII ) – revenue is expected to increase 1% year-over-year to $290.9 million and adjusted EBITDA is expected to decline 9% to $81.9 million.
• Verano Holdings (OTC: VRNOF ) (NEO: VRNO ) – revenue is expected to decline 6% to $208 million and adjusted EBITDA is expected to decline 6% to $60.7 million.
• Cresco Labs (OTC: CRLBF ) (CSE: CL ) – Revenue is expected to decline 9% to $163.7 million and adjusted EBITDA is expected to decline 29% to $36.5 million.

Senior and Junior – Canadian Dollar Report

Since our last update, only High Tide (NASDAQ: HITI ) (TSXV: HITI ) has reported among Canadian listed companies. Revenue was up sequentially in its fiscal quarter, and operating profit was just under $4 million.

One of Canada’s senior list members, SNDL, has scheduled its quarterly call.

The Public Cannabis Company Earnings Tracker by New Cannabis Ventures is not a recommendation of any company, and you should not use it as investment advice. A tilde next to a date means an approximate date. All calculations are derived from SEC or SEDAR filings. Any questions or licensing inquiries please contact us.

Did you miss something? Catch them all! Cannabis Revenue Tracking Updates.

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

The shares of Cannabis, as measured by the Cannabis Global Stock Index, were quite unstable in 2024 and were 2025. In December, the figure fell by 7.5%, reducing by 15.2% year by 15.2%, as well as a new time since 2025. In April, the figure increased by 11.5%, but it was completed below Q2, closing on 5.02. Q3 was strong in July-August, and September, which began retreated with another profit until the last day’s return. The index is over 0.8% down to a decline of 7.68.

After the collapse of 6.88% from Q4 to 6.88, the figure has decreased a lot in Q1, then, in terms of termination, Q2. The Cannabis Global Stock Index, which now has 23 members, has decreased by 27% a year in June. After 53.0% of Q3, the figure is currently growing by 11.6% a year.

Since the top of February of 2021, the Global Cannabis stock index has fallen from 92.48 from 92.48.

In September, the strongest 3 names increased by more than 10%.

Each of these shares is annually. Tlry picked up 317.5% during Q3, OGI reached 50.4% and Grwg Rose 100.0%

The three weakest names in September have fallen more than 17%.

Each of these shares is year by year. During Q3, the CGC collected 40.6% and the other two fell.

The index was rejected near 9/30, and it was based on data on 9/23. The figure for Q4 will have 28 names, up to 23, with two removal and seven additions. Leaving Index is an EEX and IMCC. Turning the index by CRESCO LABF (OTC: Curlf) Newlake Capital (OTC: NLCP), Terascend (OTC: VRNOF) and SHF HOLDINGS SHFS). The indicator had a sub-legged effect, which has the lowest MSO that can ever be at 13.0% Q3, but after four additions it will be 25%. The largest subsection is 39.3%, and Canadian LPS is 25%. Biotech, Canadian retail and tillers each make 3.6%.

In one month, we will again summarize the performance of the index. In April, we combined what two articles were released, and we refresh the other indicators that the newly established women’s companies continue to maintain the American Canadian Canadian index.

American Cannabis Operator Index:

In September, ACOI fell by 13.9% to 12.99. It increased in 123.6%, at 3:30 a year, from 551%, from 8.36.

The strongest fund in September was Jushi Holdings (OTC: Jushf), which decreased by 5.3%. The weakest, Terrace (OTC: TSNDF) (TSX: TSND), fell by 28.7%.

In October, the figure will have eight members with a planet’s removal of 13 (OTC. PLNH).

Auxiliary Cannabis Postcode:

In September, the assistance lost 5.3%, as the index rose fell from 13.43 to 12.72. The figure of 14.5% in Q3 has so far decreased by 7.6%.

In September, the strongest fund increased by 10.0%. The weakest, the capital of advanced flowers (NASDAQ. AFCG) decreased by 17.8%.

In October, the figure will have ten members with pledge and plans.

Canadian Cannabis LP index

In September, the Canadian LPS fell by 0.8%, as the figure fell from 74.16 to 73.56. Index collected at q3 78.4% and is now 46.8% in 2025, from 50.11.

In June, the strongest Canadian LP was TILRAY brands (TSX: TLRYE), which increased by 27.0%. Just soluble (TSXV. HASH) was the weakest, it was 26.7%.

In October, the figure will again have the same twelve members.

The Redo provides a $ 75,000,000 turning credit facility

The company is $ 50,000,000 to retire from its existing senior credit institution $ 50,000,000

Chicago, October 01, 2025 (Globe Newswire) – SUMMER HOLDINGS CORP. (COE CA: VRNO) (otcqx: VRNOF) (“Verano” or “Verano” or “Verano” or “Verano” After closing the company, the company’s high interest rate of $ 50,000,000 is a high-cost loan, without a prepayment penalty, and the remaining $ 25,000,000 is available to remain $ 25,000,000.

The selected real estate revolver provides a number of benefits to Verano, including lower cost debt, payment and transformation flexibility and certain real estate issued for choice.

“The closure of the $ 75 million loan facility shows our attention to strengthen the balance, accessing lower value debt, and our Foundation and CEO to strengthen our own real estate. “We view today’s closure as another important step in the implementation of our capital and financial strategy, which will benefit from the review, our employees and shareholders in the long run, and we are looking forward to continuing continuing progress.”

Revolver details are as follows:

• Sofr¹ plus an annual interest rate on equal amounts to 6% (subject to 4% SOFR Tax).
• No required depreciation fees during the course of Revolver.
• Movied on September 29, 2028, allowing $ 2,500,000 to repayment at any time, is subject to interest alone if it is extinguished before the six-month funding anniversary.
• The balanced issue of certain real estate demands and as long, as the main main balance under the revolution does not exceed 60% of the value of the remaining pledged real estate.

“Chicago Atlanta is proud to support this flexible funding solution, which reflects the strength of the review in its markets,” said the Chicago Atlantic Executive Partner Peter Park. “The revolutionary opportunities of credit facilities are regular financial solutions outside the cannabis industry, and the Revolution of the Revolution is that we believe that providing the company in industry history has provided.

For more information about Verano, visit the company’s investor website and media collection (Credit: “Credit City”).

About the review

VERANO HOLDINGS CORP. Verano provides CANNABIS superior shopping experience, Zen Lef ™ and Müv ™ Dispensary posters, including cabbage Club ™, including Cabbage Club ™, annual membership program, which offers exceptional benefits for cannabis consumers. The link produces high quality, adjusted cannabis products comprehensive set of reliable consumer brands in its diverse portfolio, including VERANO ™, MÜV ™, Savvy ™, Bits., Avexia. Verano’s active operations area US proves of USA, consisting of 15 production facilities, more than 1.1 million square foot cultivation capacity. Learn more at Verano.com.

About Chicago Atlantic

Chicago Atlantic is private markets, which is centered for an alternative investment manager, which is focused on industry and companies where capital demand exceeds the traditional supply. The investment strategies of the company include an opportunistic private loan and equity for the focused ventricular industry, specialized assets-based loans, liquidity solutions and technology finances. Chicago Atlantan has shut down more than $ 2.8 billion in loan facilities. The team of more than 95 Chicago Atlantic specialists has offices in Chicago, Miami, New York and London. For more information on the Atlantic Investment of Chicago, visit chicagoatlantic.com.

¹SOFR refers to a secured night funding rate

Original press release

Published by NCV NewsWire

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