
The company has forecasted $80 million in revenue for 2023.
The company has forecasted $80 million in revenue for 2023.
The board approved a one-time grant of performance shares to certain members of the management team.
Higher production costs is forcing the company to go lean.
Restructuring initiatives included cutting its workforce in Israel by 21% across all functions.
The company continues to test price elasticity and consumer buying trends, adjusting pricing across all categories.
Cronos Group revenue fell nearly 20% over the year and 12% sequentially as it continues to look outside the U.S. for gains.
Cannara achieved a market share of 9.3% in Quebec and 3% in Ontario in March 2023.
The company is now the second-largest licensed producer in Canada by market share.
For the full fiscal year, Indiva reported a 6.8% rise in net revenue.
The brand focuses on avoiding the "very masculine-brand heavy competitive set."
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