Black Thursday in The Cannabis Sector
It was a black day for the cannabis sector today after numerous firms reported declining quarter over quarter revenues in the space. While expectations were not high for earnings in general as we entered earnings week for many of the majors, the results have nonetheless been disappointing for those invested in the sector. Earnings to […]
Aurora Cannabis Sees Revenues Decline 23% to $75.2 Million
Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced its first quarter 2020 financial results after the bell today, recording $75.2 million in revenues for the quarter, compared to $98.9 million in the fourth quarter of 2019. Revenues declined 23.9% on a quarter over quarter basis, which was blamed on distribution and regulatory headwinds within the Canadian […]
Supreme Cannabis Revenues Drop 40% to $11.4 Million
The Supreme Cannabis Company (TSX: FIRE) filed its first quarter 2020 financials after the bell tonight, indicating the firm generated net revenues of $11.4 million during the three months ended September 30, 2019. On a quarter over quarter basis revenues were down 39.8% for the firm. The firm also concurrently announced a $90 million secured […]
Zenabis Net Revenues Decline 52% in Third Quarter
Zenabis Global (TSX: ZENA) reported dismal third quarter 2019 results this morning, posting a net revenue decline of 52% to $12.0 million. Revenue figures were bad enough that the official news release relegated the data to the “select financial data” portion, instead focusing the bulk of the release on the expansions that occurred at Zenabis […]
Tinley Beverages Adds NBA All Star and Vitaminwater Early Stage Investor to Advisory Board
This morning Tinley Beverages (CSE: TNY) announced they added Baron Davis as a special advisor to the company. In case you’re reading this, and wondering, is it that Baron Davis? You betcha’ it is. Baron was an early stage investor in Vitaminwater® and sees a similar opportunity with Tinley Beverages. He will lend expertise by […]
Premier Health Group to Acquire Telemedicine Pioneer Livecare
Premier Health Group (CSE: PHGI) this morning announced a binding term sheet to acquire Livecare, a Canadian telehealth firm that has provided over 27,000 telemedicine visits. Total consideration for the acquisition is pegged at $3.0 million, payable in a combination of common shares and debt. The acquisition will see Premier Health add Livecare’s products to […]
Green Organic Dutchman Secures $23 Million Sale Leaseback, Signs Two Non-Binding Term Sheets
The Green Organic Dutchman (TSX: TGOD) announced thi morn ing that the firm has secured up to $103 million in funding through a series of agreements. The funding consists of a definitive agreement for a sale leaseback of the Ancaster Energy Centre, as well as two non-binding term sheets for a construction mortgage term loan […]
Canopy Growth Posts Second Quarter Net Loss of $374.6 Million
Canopy Growth Corp (TSX: WEED)(NYSE: CGC) filed second quarter 2020 financials this morning, reporting net revenues of $76.6 million, a decline of 15% from net revenues seen in the second quarter. Gross revenues amounted to $118.3 million during the quarter, however $32.7 million worth of returns and price reductions and $9.0 million in excise taxes […]
The Deep Dive Compiles Company Profile for Premier Health Group
The Deep Dive has compiled a company profile for that of Premier Health Group Inc (CSE: PHGI), a healthcare technology company in Canada. Premier Health uses software as a service (SaaS) to connect patients, doctors, clinics and pharmacies with the goal of eliminating inefficiencies in the current brick and mortar-based system. The firm has utilized […]
Sundial Growers Records Q3 Revenues of $33.5 Million, Net Loss of $97.4 Million
Sundial Growers (NASDAQ: SNDL) reported its third quarter financials after the bell today, recording revenues of $33.5 million for the quarter. Revenues were up 74% on a quarter over quarter basis, largely from its cannabis operations which netted $28.0 million for the three month period ended September 30, 2019. Cannabis revenues was the largest segment […]