eResearch

Cannabis Companies Count Quarters Until Cash Runs Out While M&A Activity and Financings Drop

April 8, 2020 Jay Yi

At current pace of operation & CAPEX spending, Aurora and Curaleaf have less than two quarters of runway left while iAnthus defaults on debt payment and MedMen needs $250M to execute turnaround plan. [more]

Cannabis Update: Lay Offs, Facility Closures, Write-downs, U.S. Exchange Delisting, and Retail Store Closures

March 20, 2020 Jay Yi

Aurora lays off 500 employees and writes down $1B; Hexo dismisses 200 employees and writes down $270M; Canopy closes two facilities with 500 employees and stops plans for third facility; many U.S. listed cannabis companies fall under $1/share; Canopy closes all retail stores. [more]

U.S. Cannabis Industry in M&A Frenzy but Bottom Line Continues to Bleed

August 28, 2019 Chris Thompson

This week, numerous U.S. cannabis operators released Q2/2019 earnings, with companies reporting impressive top-line growth but most still are struggling to turn a profit. [more]