The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX:CBSTF) (FSE: 3LP), one of the largest and most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., reported its financial and operating results Thursday for the first quarter ended March 31, 2024.  Q1 2024 Financial Highlights Revenue was $122.6 million, a slight decrease from the $124.5 from the same period last year. Net loss was $34.6 million, compared with the $36.6 million from Q1 2023. Adjusted EBITDA was $15.3 million, compared to the $16.4 reported in the same period 2023. Gross profit was $42.5 million, compared to the $124.5 million from the same period last year. The company concluded the first quarter with $44.5 million in cash, buoyed by successful fundraising initiatives including a $25.75 million private placement offering of convertible notes. Additionally, strategic debt exchanges further fortified the company’s financial position, exemplifying a prudent approach to capital management. Stay ahead in the cannabis industry by joining industry leaders and experts at the upcoming Benzinga Cannabis Capital Conference in Chicago on Oct. 8-9. Get your tickets ...