💸 High Impact

NextLeaf Reports Q3 Numbers

Nextleaf Solutions Ltd. has just dropped its financial results for Q3 2024, and it’s clear they’re riding some momentum. The company raked in $4.01 million in gross revenue—a 50% year-over-year surge that’s turning heads. Net revenue followed suit, clocking in at $3.05 million, marking a 37% bump compared to the same period last year. Adjusted EBITDA came in at $725,339, showing that Nextleaf isn't just growing—it's growing profitably.

Let’s talk highlights. First up, the company maintained its debt-free status, which, is like holding a golden ticket. That financial flexibility has allowed Nextleaf to continue innovating, deepening its market share, and striking new commercial partnerships that are paying off. The gross margin hit 29%, underscoring that the company’s cost control and pricing strategies are on point.

On the product front, Nextleaf isn’t slowing down. They’ve launched 10 new products this quarter, including three new vape SKUs, three softgel SKUs, and more under their Glacial Gold and High Plains brands. And these aren’t just any products—they’re helping Nextleaf maintain top positions in British Columbia’s competitive market, with Glacial Gold softgels leading the charge.

Sales are on fire too. Record numbers rolled in from Ontario and Alberta, thanks to new product offerings and expanded distribution channels. This is more than just a flash in the pan—Nextleaf’s field sales and marketing initiatives are clearly gaining traction.

Emma Andrews, the Interim CEO, summed it up perfectly: “We’re entering a new phase of our long-term growth strategy. Building equity through consumer brands takes time, but our Q3 results show the incremental progress made in a few short months, and the exponential potential ahead as we continue to scale.” In other words, Nextleaf is playing the long game, and they’re in it to win it.

Looking ahead to Q4, Nextleaf plans to double down on its momentum with new product launches, including innovative offerings like Glacial Gold CBN

10:10 Softgels and more under their Miracle Valley brand. They’re also investing in upgraded infrastructure and digital marketing initiatives to keep the growth engine humming.

With a comprehensive Commercial Update on the horizon, Nextleaf is gearing up to share more insights into their market strategy and SKU performance. For a company that’s already setting the bar high, the next chapter looks promising indeed.

📈 Dog Walkers

MTL Cannabis Reports Q1

MTL Cannabis Corp. is celebrating a robust first quarter of 2025, with impressive financial results that signal strong growth and improved profitability. Revenue soared to $25.8 million, up 53% from last year, while net revenue also jumped to $20.7 million, reflecting a $7.96 million increase. The company’s gross margin climbed to 54%, a notable improvement from 38% the previous year, highlighting more efficient operations. Operating income saw a dramatic boost to $4.96 million, compared to just $599,599 last year, and net income flipped from a loss to a positive $2.2 million. On the cash flow front, MTL reported net cash inflows from operations of $5.6 million, leading to a healthy net cash increase to $2.26 million.

StateHouse Reports Q2 Earnings

StateHouse Holdings Inc., a California-centric cannabis company, reported strong financial results for Q2 2024, reflecting solid growth and improved profitability. Net revenues rose by 10% year-over-year to $27.8 million, driven by a diverse mix of retail, wholesale, and cultivation operations. Retail sales accounted for $13.5 million, while cultivation revenues surged to $3.6 million, tripling from the previous year. The company’s gross profit before adjustments climbed to $14.1 million, with consolidated adjusted gross margins improving to 50.8%. Notably, StateHouse swung to a net income of $0.2 million, a significant turnaround from the $2.1 million loss in Q2 2023. CEO Ed Schmults highlighted the success of their new high-margin products and cost-saving measures, which have positioned the company well in California's competitive cannabis market.

Rep. Lois Frankel Says #YesOn3

Rep. Lois Frankel (D-FL) has officially endorsed Florida's Amendment 3, a ballot initiative to legalize marijuana, after previously expressing uncertainty. Frankel, who has supported federal marijuana legalization in the past, stated that she now backs the measure, recognizing that "safe, lab-tested marijuana will save lives and put an end to outdated laws" that disproportionately harm people for minor cannabis offenses. This endorsement is a significant boost for the initiative, which aims to legalize marijuana but does not include provisions for home cultivation due to constitutional constraints. While support for Amendment 3 is strong, recent polls show it hovering over the 60% threshold required for passage in Florida, with the measure facing mixed reactions from other political figures, including opposition from Governor Ron DeSantis.

🗞️ The News

Nextleaf Maintains Debt-Free Status and Reports Record Year-to-Date Third Quarter Financial Results

StateHouse Reports Second Quarter 2024 Financial Results

A Catchup On The Cannabist And Wana Brands

MTL Cannabis Corp. Reports Record First Quarter Results with $25.8 Million of Revenue

American Adults Increasingly Choose Marijuana And Psychedelics Over Cigarettes, Federally Funded Study Finds

Democratic Congresswoman Endorses Florida Marijuana Legalization Ballot Measure After Previously Voicing Mixed Opinions

Do marijuana consumers prioritize cost over sustainability?

📺 YouTube

Cannabis Company Planet 13 Partners With Rapper Wiz Khalifa | Trade to Black

What we covered:

✅ In our latest Trade To Black podcast, Co-CEO of Planet 13 (CSE: PLTH), Larry Scheffler, joins us to provide an update on their Florida cannabis operations and why he believes the company will be a major player in the Florida market.

Back in May 2024, Planet 13 acquired the Florida company VidaCann, which now provides them with a footprint of 26 medical marijuana dispensaries. Planet 13 also has plans to build a flagship cannabis dispensary in Miami that will be similar to their 112,000 square foot facility in Las Vegas, Nevada.

Additionally, the company announced a partnership with rap celebrity Wiz Khalifa. The founder of Khalifa Kush will be opening a store inside the largest cannabis dispensary in the country and will be making an appearance at the location on Friday, August 30th.

If you're interested in attending, Planet 13’s flagship dispensary in Las Vegas is located at 2548 W Desert Inn Rd Suite #100, Las Vegas, NV 89109, USA.