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Cannabis companies are starting to turn a profit and print positive EPS. Here are the few that are earning a profit. Many companies are close to turning a positive EPS. The industry itself is expected to expand some 100% in the next couple of years, and with economies of scale, th...
Both Senate seats went to Democrats and this allows for a blue agenda with cannabis legalization being one of the top priorities. Arizona's legalization of recreational cannabis is already being geared up for with companies retooling in preparation. The industry will see continued...
Flower One Holdings (FLOOF) has appointed Richard Groberg as Interim CFO, replacing David Kane in this role. “We look forward to leveraging Richard’s broad and extensive range of finance, accounting, investment banking, capital markets and operational experience,” sa...
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, appointed Richard Groberg as Interim CFO, replacing David Kane in this role. Mr. Groberg joins...
2020 saw increases of 80% in Canada and expectations are for that to double next year. California will lead revenue growth rates as the state continues to ramp up the industry. Washington and Colorado are starting to see overall growth rates slow modestly, excepting pandemic-induc...
Second paragraph, first sentence should read: The aggregate interest payment due on December 31, 2020 is CDN$2,457,983, and as of today’s date, the aggregate principal amount outstanding on the Debentures is US$38.3 million. (instead of: The aggregate interest payment due on Dece...
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, announced today that it does not intend to make the applicable interest payments due on December 3...
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today announced the appointment of Nitin Kaushal to its Board of Directors. Mr. Kaushal replaces M...
Flower One (FLOOF): Q3 GAAP EPS of -$0.07 misses by $0.04.Revenue of $11.9M (+376.0% Y/Y) beats by $0.4M.Q3 gross margin of 25%, compared to 46% in prior quarter.Press Release For further details see: Flower One EPS misses by $0.04, beats on revenue
The re-emergence of Nevada’s cannabis market propelled the Company to post record quarterly revenue of $11.9 million and strong performance of its Brand Partners Flower One Holdings Inc. (the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading ca...
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Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced that it has extended the maturity date of its USD$6,000,000 short-term debt (the “Sh...
Late on Friday after the market closed, Flower One Holdings Inc. (CSE: FONE) (OTCQX: FLOOF) announced its financial results for the first quarter ending March 31, 2022. Revenue fell 21% to $8.9 million from last year’s $13.8 million for the same time period. This missed...
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced its financial and operating results for the first quarter ended March 31, 2022. All amounts...