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Turning Point Brands Announces Second Quarter 2021 Results; Increases 2021 Guidance
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Why Real Brands Inc (OTCMKTS:RLBD) Has a Leg Up on CBD Rivals in C-Store Evolution (GWPH, JAZZ, YCBD, NEPT, TPB, MRMD)
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The Future of CBD is All About Distribution Positioning (NEPT, RLBD, CRON, YCBD)
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Turning Point Brands Is Planting Convenience Store Seeds Many believe that cannabis could eventually be treated much the same as tobacco or alcohol. Stocks quotes in this article: TPB, DG
It looks like there is another cannabis planting the seeds for convenience store cannabis. I ve written before about Fire & Flower s exposure to Alimentation Couche-Tard, or ACT, the owners of Circle K. The French conglomerate will own approximately 19.9% of Fire & Flower following the conversion of approximately $23.6 million principal amount of 8.0% unsecured convertible debentures issued to 2707031 Ontario Inc.
Now Turning Point Brands (TPB) is showing its cards when it comes to the convenience store strategy. The company is known for its sales of ZigZag rolling papers and Stoker s chewing tobacco. In addition to selling traditional rolling papers, Turning Point also sells paper cones, which cannabis consumers only have to fill, pack and b
Cannabis accessories maker Turning Point tops Q1 earnings estimates, raises guidance
Turning Points Brands Inc. shares rose about 3% in premarket trade Tuesday, after the maker of vapes and other accessories for the cannabis market . The Louisville, Kentucky-based company posted net income of $11.8 million, or 57 cents a share, for the quarter, up from $4.5 million, or 22 cents a share, in the year-earlier period. Adjusted per-share earnings came to 80 cents, well ahead of the 58 cents FactSet consensus. Sales rose 18.7% to $107.6 million, also ahead of the $100.0 million FactSet consensus. “Zig-Zag led the way with a second consecutive quarter with over 40 percent growth, and Stoker’s delivered another double-digit growth quarter led by our MST business,” Chief Executive Larry Wexler said in a statement. The Zig-Zag products segment accounted for 38% of total net sales in the period, climbing 42% to $41.0 million. Growth was driven by double-digit advances in U.S. rolling pap