Sunday, August 3, 2025

Latest

Fire & Flower Sees PI Financial Reiterate $20 Price Target Following Q3 Results

On December 14th, Fire and Flower Holdings Corp (TSX: FAF) announced its third quarter results ending October 31st, 2021. The company reported total revenues of $45.4 million, with a gross profit of $15.7 million or a 34.6% margin. The company reported a positive adjusted EBITDA for the 6th consecutive quarter, coming in at $2.1 million while the company reported another net loss of $1.98 million or an -$0.06 earnings per share.

Fire & Flower currently has 5 analysts covering the stock with an average 12-month price target of C$15.50 or a 166% upside from the current stock price. All 5 analysts currently have buy ratings on the stock. The street high sits at C$20 from PI Financial while the lowest price target comes in at C$12.

In PI Financial’s third quarter review, they reiterate their C$20 12-month price target and buy rating, saying that their takeaway is that the company’s digital platform continues to be the highest contributor to their adjusted EBITDA.

For the results, PI says that this quarter was fairly neutral as adjusted EBITDA dropped roughly 34% quarter over quarter and came in about $1.5 million below consensus estimates. They attribute this miss to an increase in corporate costs. Although, revenue came in line with PI’s expectations even as same-store sales dropped 27% year over year.

PI says that Fire & Flower has seen increased competition and further price compression in many of its key provinces and doesn’t expect that issue to slow down. They note that Ontario has added 228 stores during this quarter, which will most likely make same-store sales continue to drop.

Lastly, PI Financial notes that Fire & Flower added 6 new retail locations this quarter and 5 since the quarter ended. This brings their total stores to 102 now and expects that Alimentation Couche-Tard to help the company to continue to open stores in Alberta, Saskatchewan, and Manitoba over the next couple of months.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Bank Of America Upgrades Canopy Growth’s Price Target To C$36 From C$30

Last week, Canopy Growth (TSX: WEED) (NASDAQ: CGC) reported its fiscal second quarter 2021 financial...

Wednesday, November 18, 2020, 09:59:00 AM

Apple: Analysts Anticipate Q4 Revenues Of $84.85 Billion

Apple (NASDAQ: AAPL) will be reporting its fourth quarter financial results on October 27th after...

Tuesday, October 26, 2021, 05:25:00 PM

K92 Mining: Canaccord Reiterates $12 Price Target Following Bought Deal

K92 Mining Inc. (TSX: KNT) announced a $50 million bought deal this past week, selling...

Sunday, June 19, 2022, 11:12:00 AM

Equinox: BMO Lowers Price Target To $15.50 Following Q2 Results

On August 4, Equinox Gold Corp. (TSX: EQX) reported its second quarter production results. The...

Thursday, August 5, 2021, 12:43:00 PM

Raymond James Provides Commentary On Village Farms’ Recent Run-Up

Earlier this week, Raymond James released a note on Village Farms (TSX: VFF) (NASDAQ: VFF),...

Thursday, November 26, 2020, 11:16:00 AM