... Columbia Care Inc.’s stock CCHWF is up nearly 10% after the cannabis company’s first-quarter revenue beat analyst forecasts on Monday. Columbia Care said its first-quarter loss widened to $37.34 million, or 9 cents a share, from a loss of $26.64 million, or 7 cents a share, in the year-ago quarter. Analysts were expecting a loss of 8 cents a share, according to estimates compiled by FactSet. First-quarter revenue at Columbia Care rose to $124.54 million from $123.
but did not provide a time estimate for completing the deal. Columbia Care said Virginia, Maryland and New Jersey adult use cannabis markets continue to offer “significant market growth potential.” It’s also taking aim at the New York and Delaware markets. Columbia Care also said it extended the maturity of more than $38 million of senior secured notes to May 2024 and is divesting non-core and unprofitable assets.