Tag: Turning Point Brands

StaffOctober 17, 2022
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4min00
The Daily Hit is a recap of cannabis business news for Oct. 17, 2022. ON THE SITE Cantor Ranks Potential M&A Cannabis Targets The cannabis M&A market may be on pause for now as companies cross their fingers for some sort of banking relief. “Uncertainty around SAFE Plus will probably delay M&A activity until after […]

Debra BorchardtJuly 27, 2022
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5min00
Turning Point Brands, Inc. (NYSE: TPB) announced disappointing financial results for the second quarter ending June 30, 2022, as net sales dropped by 16.1% to $102.9 million. This missed the yahoo Finance average analyst estimate for revenue of $105 million, but it was higher than the first quarter’s net revenue of $100 million.   Turning Point […]

Debra BorchardtApril 27, 2022
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6min00
Turning Point Brands, Inc. (NYSE: TPB) announced financial results for the first quarter ended March 31, 2022. Turning Point reported that net sales decreased 6.3% to $100.9 million, while net sales for Zig-Zag and Stoker’s Products increased 10.1%. Net income decreased 6.7% to $11.0 million. The adjusted EBITDA dropped 9.8% to $25.3 million and the […]

Debra BorchardtFebruary 22, 2022
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7min00
Turning Point Brands, Inc. (NYSE: TPB) reported its financial results for the fourth quarter and full-year ending December 31, 2021 as sales remained flat year-over-year. Turning Point‘s fourth-quarter total sales in 2021 were $105.283 million down slightly from 2020’s fourth-quarter total sales of $105.285 million. Net income in the fourth quarter fell to $11 million […]

StaffDecember 16, 2021
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4min00
Turning Point Brands (NYSE: TPB) has appointed Yavor Efremov as President and Chief Executive Officer, effective January 11, 2022. Mr. Efremov succeeds the Company’s current CEO, Larry Wexler, who will retire in January following 18 highly successful years at TPB. Mr. Wexler will remain on the Board of Directors and serve as a consultant to […]

Debra BorchardtNovember 29, 2021
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10min00
A new report from Headset has found that Americans aren’t as into pre-rolls as Canadian consumers. Between August 2020 and August 2021, the market share of pre-rolls in Canada averaged 18.6%, while in the US, the market share of pre-rolls only averaged 9.5%. The only exception it seems is the Massachusetts market. Apparently, they really […]

Debra BorchardtOctober 26, 2021
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5min00
Turning Point Brands, Inc. (NYSE: TPB) announced financial results for the third quarter ending September 30, 2021 with net sales increasing 5.5% to $109.9 million. This missed the Yahoo Finance average analyst estimate for revenue of $112 million. Turning Point also reported that its net income increased 49.3% to $13.4 million and the adjusted EBITDA […]

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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