Tilray Posts Q2 Earnings
Tonight after the bell, Tilray (NASDAQ: TLRY) released their second quarter earnings. Which included the following highlights for the quarter: The company generated $41.9M in Revenue (net of excise tax) Generated approximately $26M in Cannabis Revenue including approximately $15M in Canadian Adult Use Cannabis. Lost $17.9M in Adjusted EBITDA Generated a Gross Margin on cannabis […]
The Green Organic Dutchman Posts Second Quarter Revenues of $2.89 Million
The Green Organic Dutchman (TSX: TGOD) announced their second quarter results this evening, with revenues of $2.89 million and a net loss of $16.6 million. With a market capitalization of approximately $1.00 billion, the producer has a long way to go before it suits its valuation. Primary accomplishments for the firm during the quarter, as […]
Aphria on Promised Line-By-Line Rebuttal: Neufeld’s Responsibility, Not Ours
Marketwatch put out an article on Aphria Inc (TSX: APHA) (NYSE: APHA) this afternoon, outlining the current status of the company. In particular, it leveled with readers on the status of Aphria’s claimed line-by-line rebuttal, promised by ex-CEO Vic Neufeld following the short report by Hindenburg Research. After reaching out to a company spokesperson, in […]
MedMen Reports Pro-Forma Preliminary Revenue of US$61.3M for Fourth Quarter
MedMen Enterprises (CSE: MMEN) released preliminary financials for the fourth quarter of FY2019, stating system-wide revenues of US$61.3 million for the quarter. The estimate includes revenues from the endlessly pending acquisition of Pharmacann. More significantly, MedMen identified that it is currently on track to reduce quarterly SG&A spend by up to 30% from that of […]
Supreme Cannabis Provides Q4 Guidance of $19 Million, Focuses on Capital Efficiency
Supreme Cannabis (TSX: FIRE) announced this morning that it was expecting preliminary revenue of $19 million net of excise taxes for the fourth quarter of 2019. As a result of the fiscal year Supreme uses, this is for the month ended June 30, 2019. Full fiscal year results are expected to be released by the […]
Village Farms Reports Q2 Earnings
Village Farms International (TSX: VFF) is one of the largest producers, marketers and distributors of greenhouse-grown vegetables in North America. These products are grown in agricultural greenhouse facilities located in British Columbia and Texas. They currently own the following facilities: A Quick Background on Village Farms In June 2017, Village Farms and Emerald Health formed […]
Aura Health Provides Corporate Update on Pharmadrug Operations
Aura Health (CSE: BUZZ) released an operational update for its German operations known as Pharmadrug Production GmbH this morning, suggesting the European distributor should see roughly $2.7 million in sales for the year attributable to Aura. Pharmadrug currently has an allocation from the Dutch government for 190 KG of cannabis per year, which is grown […]
Halo Labs Reports Q2 Earnings
After the bell tonight, Halo Labs (NEO: HALO) reported Q2 Earnings. Revenues for the first half of 2019 were $18.2M and $9.5M for the quarter representing an approximate quarter over quarter increase of 10%. For the Six Month Period, the three segments breakdown as: Oregon (ANM): Revenues were $5.6M, gross margin of 11.8%, operating loss […]
Medipharm Labs Reports Revenues of $31 million for Second Quarter
Medipharm Labs (TSX: LABS) filed its second quarter earnings after the bell this evening, reporting revenues of $31.47 million for the three month period ended June 30, 2019, and a net income of $1.96 million after tax, making it one of few cannabis focused firms to post a profitable quarter. Medipharm also has a fairly […]
Health Canada Finds Canntrust Holdings Vaughan, Ontario Facility Non-Compliant
Canntrust Holdings (TSX: TRST) (NYSE: CTST) provided a management update this morning related to its current facilities. Within, it identified that Health Canada had forwarded their findings to the company related to an inspection that took place in June at their Vaughan, Ontario facility. Within, it was identified that more of the same was essentially […]