Here are some of this week's highlights for Focus List names:
AAWH opened its adult-use store in Fort Lee, New Jersey.
CCHWF Q3 revenue increased slightly to $132.7 million with adjusted EBITDA of $21 million.
CEAD grew revenue 68% sequentially to $5.1 million.
CRLBF Q3 revenue fell 2% from a year ago to $210 million with adjusted EBITDA of $42 million.
CRON named James Holm, who joined the firm from Vertiv, as CFO.
CURLF unveiled a national rebrand for Grassroots.
CWBHF posted a weak Q3, with revenue falling to $17 million, but it also received an investment from BAT in the form of a convertible note.
GDNSF Q3 revenue of $18.9 million grew 41% from a year ago.
GNLN, which had pre-announced its Q3, posted revenue of $28.7 million, down 31% from a year ago.
GRWG announced a partnership with Grodan, a supplier of stone wool growing media solutions.
JUSHF posted Q3 results that were below expectations, with revenue of $72.8 million increasing 25%. The company is in the process of raising $68 million debt at 12% with warrants.
MAPS named Randa McMinn, a new hire, as Chief Marketing Officer.
OGI announced an agreement with Canndoc to sell it up to 20K kg of dried flower.
SBIG revenue increased 22% in Q3 to $7.4 million with adjusted EBITDA of -$3.5 million.
SMG named a new CFO, Matt Garth, an outside hire from Minerals Technologies.
TCNNF opened a rebranded facility in Glendale, Arizona, a one in West Virginia and a new one in Lake Worth, Florida.
TLLTF extended some of its debt and announced an agreement in principle for a new debt facility. The company will introduce Old Pal products in Massachusetts. Its Q3 revenue fell to $40.5 million due primarily to lower sales volume it its inhalation business. The company announced a new dab solution for a proprietary initiative, Concept LVT, and it named a new client, House of Blends.
TLRY launched a program to provide women with free medical cannabis resources in Canada.
VRNOF met expectations roughly with Q3 revenue of $228 million and adjusted EBITDA of $82 million, but it provided a weak near-term outlook.
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The Global Cannabis Stock Index remained far above its all-time closing low of 11.26 from 9/30. It fell to 13.37 this Friday, lifting 0.4% during the week. This was a little better than the 0.2% gain in the S&P 500, which is up 2.4% so far in November. The cannabis index has rallied 1.4% this month-to-date, slightly behind the S&P 500, and it has rallied 18.7% thus far in Q4. This is more than the 10.6% return in the S&P 500.