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Lisa Bernard-Kuhn

Lisa is an award-winning business reporter specializing in finance and public companies in the cannabis industry for Marijuana Business Daily. Previously, she worked as an investigative reporter at WCPO-9, an affiliate of the ABC network. She has extensive business reporting experience, covering public companies, real estate and health care for newspapers including The Cincinnati Enquirer and Dayton Daily News. Her work has garnered several awards from the Associated Press, Cleveland Press Club and Society of Professional Journalists. She is based in Cincinnati, Ohio.

Marijuana firm Green Growth Brands raises $45.5 million

Ohio-based Green Growth Brands raised $45.5 million through a private placement of convertible debt, the firm announced Friday. Terms of the financing included 15% secured convertible debentures at a price of $1,000 each and a conversion price of 7 Canadian dollars, which will be divided by the Canadian-U.S. exchange rate upon conversion, the company said […]

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Canadian marijuana firm Aurora’s sales surge, losses widen

Aurora Cannabis, an Edmonton, Alberta-based cannabis producer, reported fiscal third-quarter revenue of 75 million Canadian dollars ($56 million) – up more than 365% from a year ago. The company’s net loss grew to CA$158.3 million – up from $19.2 million in the year-ago quarter. The boost in sales was fueled by growth across its key markets, […]

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Cannabis firm Harvest Health closes $100 million tranche of private placement

Multistate marijuana firm Harvest Health & Recreation (CSE: HARV) closed the initial tranche of its previously announced private placement for gross proceeds of $100 million. The Arizona-based company plans to use the net proceeds to cover working capital and for other general corporate costs, according to a news release. Under terms of the financing, Harvest […]

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Cannabis firm Cronos Group misses on revenue, reports wider Q1 loss

Toronto-based Cronos Group reported first-quarter results Thursday revealing the licensed marijuana company’s losses grew from a year ago as it missed revenue expectations. Cronos reported first-quarter revenue of 6.5 million Canadian dollars ($4.8 million) for the period ended March 31 – up 120% from the year-ago period, the company said in a news release. The […]

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Marijuana firm Cresco Labs posts Q4 revenue spike, 2018 profit

Chicago-based Cresco Labs’ revenue more than quadrupled during its fourth quarter, helping pave the company’s path to profitability in 2018. The multistate, vertically integrated company posted fourth-quarter revenue of $17 million – up 411% from the same period in 2017. Cresco said the increase was “driven by expansion into new markets and gains in market […]

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Cannabis firm Harvest Health posts spike in Q4, full-year revenue

Arizona-based Harvest Health & Recreation’s revenue more than doubled during its fourth quarter and fiscal 2018 as the multistate marijuana company continued to expand its retail and wholesale footprint and predicted further expansion this year through acquisitions. Despite the sales gains, the company recorded a net loss for the quarter of $71.1 million – which […]

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Marijuana firm Trulieve posts massive Q4 net income and revenue gains

Trulieve Cannabis Corp. posted massive fourth-quarter revenue for 2018 and net income gains fueled by the multistate operator’s market-leading position in Florida, the company said in an earnings release. Trulieve reported fourth-quarter revenue of $35.9 million, up from $28.3 million for the same quarter in 2017. Full-year revenues grew to $102.8 million – an increase […]

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Cronos Group reports boosted cannabis revenue but wider losses in Q4

Cronos Group, a Toronto-based licensed cannabis party, posted sizable fourth-quarter revenue, the company said in an earnings report Tuesday, but its net loss for the period grew sharply – fueled in large part by financial reporting requirements. Cronos reported fourth-quarter revenue of 5.6 million Canadian dollars ($4.2 million) for the period ended Dec. 31, 2018, up nearly 250% […]

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