5 Canadian cannabis earnings reports to observe
Revenue year has been heating up to its cannabis sector and we’ve been keeping up with those reports on a company-by-company foundation. Though this business quarterly reports have demonstrated strong growth compared to the previous quarter in addition to the exact same quarter this past year, cost movements are volatile as well as the downside.
Nowadays, we’ve highlighted 5 firm earnings reports from last week and will track how other cannabis businesses execute this earnings season.
5 Business Earnings Reports to Highlight:
- WeedMD Inc. (WMD.V) (WDDMF) was trading combined after reporting earnings on Thursday and we’ve been tracking the Canadian cannabis manufacturer. In comparison to the identical period this past year, quarterly earnings increased by greater than 450 percent and growth prospects seem appealing heading right into 2019.
- Radient Technologies Inc. (RTI.V) (RDDTF) was coming off its highs and this comes after the company released second quarter financial results on Thursday. The cannabis extraction tech firm has a strategic relationship with Aurora Cannabis (ACB.TO) (ACB) and this can be an appealing component of the narrative. Though we favor MediPharm Labs (LABS.V) (MLCPF) into Radient, this really is a business that investors should be seeing.
- LiveWell Canada Inc. (LVWL.CN) (LXLLF) has come off its highs after having a strong first quarter revenue report and we’ve been tracking this chance. LiveWell lately de-listed in the TSX Venture Exchange and started trading on the Canadian Stock Exchange to concentrate on CBD chances in the USA.
- Sunniva Inc. (SNN.CN) (SNNVF) was under stress after releasing third-quarter financial benefits and we believe the marketplace underappreciates the growth prospects moving forward. Sunniva is levered into the California and Canadian cannabis markets and is at the center of a significant expansion. The current decline has been important and Sunniva is well capitalized and well positioned heading into 2019.
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