One of the leading cannabis and consumer packaged goods companies in Canada reported notable improvements in free cash flow, gross profitability, and adjusted EBITDA in the first quarter of fiscal 2025. Despite these positive metrics, the company is still experiencing a cash outflow. Revenue saw a decline of 13% to C$66 million due to divestitures in certain businesses.
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Weekly Update – Top Cannabis News Stories:
1. Top Story: Tilray announces the acquisition of four craft beer breweries from Molson Coors.
2. Lifeist’s Chairman provides insight into the decision to divest CannMart.
3. Solei introduces new THC-infused sparkling beverages and topicals.
Top Cannabis Stocks from August 9 to August 15, 2024:
1. T.TLRY | 6,656 views | Tilray Brands Inc.
2. T.WEED | 5,174 views | Canopy Growth Corp
3. C.CURA | 4,564 views | Curaleaf Holdings Inc.
4. C.OILS | 3,874 views | Nextleaf Solutions Ltd.
5. T.LABS | 3,436 views | Medipharm Labs Corp.
6. TSX:DN | 1,721 views | Delta 9 Cannabis Inc.
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Photograph Source: Canopy Growth Corp.
