Earnings Briefing: Cannabis Licensed Producers Miss Estimates (CGC, ACB, TGOD, VFF)

CANOPY GROWTH REPORTS SECOND QUARTER FISCAL 2020 FINANCIAL RESULTS The company has established leading market share across the country including a noteworthy share of over 35% in Alberta, Canada’s most developed provincial recreational market. Consumer demand for cannabis continues to increase versus Q1 2020 with Company-owned recreational same-store sales growth […]

MediPharm Labs Show Strong Growth, Other Cannabis Companies Moving in the Right Direction

Cronos Group Q3 Revenue Increases to $12.7 Million Net revenue was $12.7 million in Q3 2019, representing a 238% increase from $3.8 million in Q3 2018, primarily driven by the launch of the adult-use market in Canada and the inclusion of Redwood from the date of closing on September 5, […]

Earnings Briefing, Cannabis Companies Showing Strong Growth

Grow Generation (OTCQX: GRWG) Q3 2019 Financial Highlights: Net income of $1,049,699 for Q3 2019 compared to a net loss of $(784,573) for Q3 2018, an increase of $1.8 million. Adjusted EBITDA of $2,046,730 for Q3 2019 compared to adjusted EBITDA of $(71,584) for Q3 2018, an increase of $2.1 million. GAAP earnings of $.03 per share for Q3 2019 and $.07 per share […]

US MSO Financial Health

What Is A Multi-State Operator (MSO)?  Although there is no exact technical definition, an MSO is usually taken to mean a marijuana company with operations in multiple states. The largest MSOs have vertically-integrated operations in multiple states where some form of marijuana (medicinal use and/or recreational use) has been legalized. A large […]

Importance of a Cannabis Company’s Financial Statements

A company’s financial statements provide vital information about its financial health. These statements are compiled based on day-to-day bookkeeping that tracks funds flowing in and out of the business. The information the statements provide offers benchmarks and feedback that help the company make minor adjustments and also determine its overall […]

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