earnings Archives

Debra BorchardtJune 15, 2020

Multi-state operator 4Front Ventures (OTC:FFNTF) reported its fourth-quarter and full-year fiscal 2019 results, plus the company gave preliminary first-quarter numbers. The fourth-quarter revenue increased 525% to $17.5 million over last year’s revenue for the same time period. 2019 revenue increased 786% to $31 million over 2018’s revenue of $3 million. The company delivered a fourth-quarter […]

Debra BorchardtJune 15, 2020

MJardin Group, Inc. (OTCQX: MJARF) reported results for its fourth quarter and fiscal year ending December 31, 2019, with revenue falling to $26.7 million versus $27.5 million in 2018. In addition to the drop in revenue, MJardin delivered a 2019 net loss of $267.5 million versus $81.4 million in 2018. This loss included a $207 […]

Debra BorchardtJune 11, 2020

HEXO Corp. (NYSE: HEXO) reported that its revenue increased 30% sequentially to $30.9 million in the third quarter fiscal 2020 ending April 30, 2020. A big jump over Hexo’s last year’s revenue of $15 million for the same time period. The strong showing caused the shares to pop over 16% in early trading. All figures […]

Debra BorchardtJune 10, 2020

Troubled cannabis company Namaste Technologies Inc. (OTCMKTS: NXTTF) continues its hard journey on the road to recovery as the company reported a 16% increase in net revenues to $5.3 million for the first quarter ending February 29, 2020. Namaste said it was its highest quarterly revenue in two years. The company also reported that its net […]

Debra BorchardtJune 4, 2020

Smoking accessories e-commerce brand Greenlane Holdings, Inc. (GNLN) reported falling revenue for the first quarter ending March 31, 2020. Net sales fell 32% to $33.9 million in the first quarter of 2020 versus $49.9 million for the same time period in 2019. Greenlane blamed the drop on the FDA’s restriction on the sale of certain […]

Debra BorchardtJune 3, 2020

Cannabis venture capital firm Canopy Rivers Inc. (OTC: CNPOF) reported its fourth quarter and fiscal year results for the period ending March 31, 2020. Revenue was flat at $2.5 million for the quarter in 2020, while the net losses ballooned to $30 million from 2019’s net income of $3.5 million. For the full fiscal year, […]

Debra BorchardtMay 29, 2020

Canopy Growth Corporation (NYSE: CGC) announced declining revenues and massive losses for the fourth quarter ending March 31, 2020. The net revenue in the quarter dropped by 13% sequentially to $107 million as the company blamed lower Canadian recreational revenue. Canopy Growth also delivered a staggering net loss of $1.3 billion in the quarter which […]

Debra BorchardtMay 28, 2020

MedMen Enterprises Inc. (OTCQX: MMNFF) reported a fairly solid third-quarter 2020 but warned that COVID-19 has affected its sales. On the company’s earnings conference call, interim CEO Tom Lynch said, “Unfortunately, COVID has impacted our sales since the end of March; we’re down in April overall, but have seen a steady increase since. While we’re […]

Debra BorchardtMay 27, 2020

Organic cannabis company The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) reported revenue of C$3.06 million for the first quarter of 2020 ended March 31, 2020. The company also delivered a net loss of $73.4 million – a staggering amount when the revenues are so small, but it was at least an improvement over the […]

Debra BorchardtMay 21, 2020

Ayr Strategies Inc. (OTCQX: AYRSF) reported that its revenue increased 4% sequentially in the first-quarter ending in March to $33.6 million. The company did note that sales began to decline in March due to the COVID-19 related closures. The company also reported a net income of $3.3 million after a foreign currency translation. The earnings […]

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Tag: earnings

4Front Ventures Making Progress On Revenue, Headwinds Remain

MJardin Closes Out 2019 As Company Focuses On Canada

Hexo Surprises Market With Strong Revenue For Third Quarter

Namaste Seeing Positive Results From Restructuring

Greenlane Shifts Away From JUUL Dependence

Canopy Rivers Revenue Is Flat, While Net Losses Grow

Canopy Growth Delivers Staggering Billion Dollar Net Loss In Fourth Quarter

MedMen Says COVID Has Hurt Sales

The Green Organic Dutchman’s Meager Revenue Continues To Be Dwarfed By Net Losses

Ayr Strategies Revenues Increase Despite COVID Headwinds

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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