Streetbeat News

GDNSF

Goodness Growth Holdings Inc

CEO

Kyle Kingsley

Employees

549

Industry

Pharmaceutical Preparation Manufacturing

Open

0.46

Mkt cap

61M

Volume

71K

High

0.46

P/E Ratio

-2.66

52-wk high

0.68

Low

0.42

Div yield

N/A

52-wk low

0.09

New York and New Jersey are at a regulatory crossroads with cannabis legalization, balancing social equity and industry growth. The New York Cannabis Control Board's tie vote on allowing medical marijuana companies like Green Thumb Industries and iAnthus Capital Holdings to enter the recreational market has left the decision pending. Meanwhile, MedMen Enterprises and Goodness Growth Holdings await similar consideration. New York approved two new cannabis testing labs and emphasized the need for more dispensaries. CONBUD, a social equity dispensary in New York, is a symbol of reform, owned by previously incarcerated individuals. New Jersey's cannabis market saw $578 million in sales, but faces challenges like high prices and local dispensary bans.

Portfolio Pulse from Joana Scopel

January 03, 2024 | 1:14 am

The NY Supreme Court has lifted an injunction, allowing six medical marijuana companies to sell recreational cannabis starting Dec. 29. The companies include Columbia Care (CCHWF), Curaleaf (CURLF), Etain (owned by Riv Capital CNPOF), NYCANNA (owned by Acreage Holdings ACRHF), PharmaCann, and Valley Agriceuticals (owned by Cresco Labs CRLBF). Four other companies are eligible to apply for the recreational market, including Citiva Medical (owned by iAnthus Capital Holdings ITHUF), Fiorello Pharmaceuticals (owned by Green Thumb Industries GTBIF), MedMen (MMNFF), and Vireo Health (doing business as Goodness Growth Holdings, listed as GDNSF).

Portfolio Pulse from Maureen Meehan

December 10, 2023 | 4:32 pm

Zuanic & Associates' report predicts significant EBITDA growth and market cap increases for cannabis companies in key U.S. states moving towards legal recreational cannabis sales by 2025. The report highlights potential EBITDA upside for market leaders like Curaleaf, Green Thumb, Verano, and Trulieve, and substantial market cap gains for emerging players such as Cannabist and Jushi Holdings. Established operators like Acreage Holdings, Ayr Wellness, Cresco Labs, Ascend Wellness, and Green Thumb are also expected to see market cap increases. Goodness Growth Holdings is noted for its potential in Minnesota. A repeal of Tax Rule 280E could further benefit the sector by reducing effective tax rates.

Portfolio Pulse from Nicolás Jose Rodriguez

November 21, 2023 | 11:57 pm

Goodness Growth Holdings, Inc. reported a 31% increase in Q3 revenue to $24.7M, with a significant rise in gross profit and operating income. The company saw a reduction in SG&A expenses and reported positive EBITDA and cash flow. The balance sheet shows $135.1M in current assets against $165.4M in liabilities. Shares of GDNSF rose 10.30% to $0.182.

Portfolio Pulse from Joana Scopel

November 15, 2023 | 1:32 am

Green Thumb Industries Inc. has appointed Richard Reisin and Hannah Ross to its board of directors. Canopy Growth Corporation announced the election of seven directors at its recent shareholders meeting. Goodness Growth Holdings, Inc. announced the resignation of its CFO, John Heller, effective September 30. TILT Holdings Inc. has appointed Tim Conder as its permanent CEO and Art Smuck as chair of the board.

Portfolio Pulse from Jelena Martinovic

October 01, 2023 | 2:48 am

The article lists the cannabis stocks that gained and lost on August 25, 2023. Notable gainers include Clever Leaves Holdings (NASDAQ:CLVR) and Skye Bioscience (OTC:SKYE), while notable losers include Australis Capital (OTC:AUSAF) and Red White & Bloom Brands (OTC:RWBYF).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on August 24, 2023. Notable gainers include EVIO, Red White & Bloom Brands, and CBD Unlimited. Major losers include Choom Holdings, Radient Technologies, and Target Group.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:30 pm

On August 18, 2023, several cannabis stocks experienced significant price movements. Notable gainers include Australis Capital (OTC:AUSAF), Target Group (OTC:CBDY), and 1606 (OTC:CBDW), with shares closing up 900.00%, 63.64%, and 44.68% respectively. On the other hand, Panacea Life Sciences (OTC:PLSH), MGC Pharmaceuticals (OTC:MGCLF), and 1933 Industries (OTC:TGIFF) were among the biggest losers, with shares closing down 24.00%, 23.33%, and 19.00% respectively.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 9:30 pm

Marijuana stocks experienced a bullish Thursday with several companies seeing significant gains. Top gainers included EVIO, Tetra Bio Pharma, GrowLife, MGC Pharmaceuticals, Heritage Cannabis Holding, Avicanna, iAnthus Capital Hldgs, TILT Holdings, InnoCan Pharma, Skye Bioscience, Willow Biosciences, OrganiGram Holdings, Village Farms Intl, WM Tech, BZAM, Leafbuyer Techs, Irwin Naturals, Canopy Gwth, CLS Holdings USA, GreenGro Technologies, Vext Science, Cronos Group, Acreage Holdings, Ispire Technology, 1933 Industries, Item 9 Labs, Delivra Health Brands, Ayr Wellness, MariMed, Akanda, and Zoned Props. However, several companies also experienced losses, including Target Group, Radient Technologies, Bright Green, Malachite Innovations, StateHouse Hldgs, Khiron Life Sciences, Cansortium, CBD Unlimited, C21 Investments, Goodness Growth Holdings, Maple Leaf Green World, Rubicon Organics, Agrify, EnWave, Acreage Holdings, Psychemedics, CNBX Pharmaceuticals, Ascend Wellness Holdings, Elixinol Wellness, Charlottes Web Holdings, Incannex Healthcare, SciSparc, SOL Glb Inv, 22nd Century Group, BioHarvest Sciences, TerrAscend, Verano Holdings, SHF Hldgs, and Livewire Ergogenics.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 9:30 pm

Cannabis company Goodness Growth Holdings, Inc. reported Q2 2023 financial results with revenue of $19.2 million, up from $17.4 million in Q2 2022. The company has divested its New Mexico operations and is planning to divest its New York operations. However, it reported a net loss of $7.33 million, up from $6.18 million in the same quarter of the previous year. The company's shares closed 1.93% higher at $0.1315 per share.

Portfolio Pulse from Nina Zdinjak

August 15, 2023 | 11:40 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.