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3 Cannabis Earnings Reports To Be Aware Of!

Apr 24, 2023 • 9:54 AM EDT
7 MIN READ  •  By Michael Berger
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During the last month, several high-profile North American cannabis companies have reported quarterly financial results. The average response from the market has been less than positive and we will monitor how this trend continues in future quarters.

Today, we want to highlight 3 cannabis companies that recently reported quarterly financial results. In each breakdown, we provided a few key takeaways from the earnings report and want our readers to be aware of these developments.

Tilray Brands

Earlier this month, Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) surged higher before it reported quarterly financial results. Following the earnings announcement, the stock plunged lower and we want our readers to be aware of the price movements.

From announcing the acquisition of HEXO Corp. (Nasdaq: HEXO) (TSX: HEXO) to reporting a $1+ billion net loss for the quarter, the market did not respond favorably to Tilray’s earnings report. Since the announcement, the stock has fallen by more than 10% and we are cautiously optimistic with its near-term outlook.

Although the recent pullback has been significant, we remain on the sidelines with Tilray due to the volatility. Below we highlighted 3 of the most significant takeaways from the company’s quarterly financial report and want our readers to be aware of them:

  1. During the quarter, Tilray generated $145.6 million of revenue (which is slightly higher than the prior quarter) and reported a net loss of approx. $1.2 billion
  2. At the end of the quarter, the company reported to have $408.3 million in cash and marketable securities
  3. The management team reiterated its expectations as to recording positive free cash flow from operating segments in fiscal 2023

Aleafia Health

In February, Aleafia Health Inc. (TSX: AH, OTCQB: ALEAF) reported third quarter financial results and we were impressed with the advancements that were made during the period.

From capturing market share in Canada to exporting cannabis to Europe, the Canadian cannabis company reported a series of important milestones. Going forward, we believe Aleafia Health is positioned to capture additional market share in Canada as well as certain international markets.

After Aleafia Health published quarterly earnings, the stock has come under pressure (down more than 30% since then). We believe the selloff is overdone and find Aleafia Health’s risk-reward profile to be favorable at current levels. To better explain the story, we highlighted 3 of the most significant takeaways from the quarterly financial report:

  1. Aleafia Health reported positive adjusted EBITDA for the second consecutive quarter
  2. The company completed its first shipment as part of a new European agreement
  3. Medical cannabis revenue increased by 40% on a year-over-year basis

Indiva Limited

Last week, Indiva Limited (OTC: NDVAF) (TSXV:NDVA) reported fourth quarter financial results and the stock bounced higher on the announcement.

Although we are favorable on the move higher, the rally took place on lighter-than-normal trading volume. Going forward we will continue to monitor this metric and will provide updates on how the stock continues to move.

Over the next year, we expect the Canadian cannabis company to report several significant announcements and our readers should be aware of this. Some of the most important highlights from Indiva’s fourth quarter earnings report include:

  1. During the quarter, Indiva generated $9.3 million of net revenue which was approx. 15% higher than the prior quarter. When compared to the same period last year, net revenue was less than 1% lower on a year-over-year basis and the decrease was primarily related to weaker sales of Wana Sour Gummies.
  2. Edibles are a major market for Indiva and the product category accounted for $7.5 million of net revenue in the fourth quarter. Last year, edibles accounted for a smaller percentage of net revenue and this was due to higher sales of ingestible extracts
  3. According to data from Hifyre, Indvia has the largest market share of edibles in Canada. Based on Hifyre’s data for the fourth quarter, Indiva’s edible products have captured more than 25% of market share in Canada.

If you are interested in learning more about earnings reports from cannabis companies, please send an email to support@technical420.com with the subject “Cannabis Earnings Season” to be added to our distribution list.

Company Relationship Disclosure

T420 is responsible for the T420 opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and T420 does not undertake to confirm or substantiate or be responsible for such information provided by other parties

Any Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. We cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. All information should be independently verified. We are not responsible for errors or omissions in our publications, and any opinions expressed are subject to change, without notice. We do not, nor are we under any obligation to undertake due diligence or investigation or authenticate and verify whatsoever regarding Profiled Issuers or any Content posted in relation thereto and we do not receive any verification from the Profiled Issuer regarding the Content we disseminate. Similarly, while we endeavor to facilitate the provision of quality information, we are not responsible for any loss or damages caused or alleged to have been caused by its use nor verify or authenticate or update such information.

Pursuant to an agreement between Spotlight Media Corp. and Aleafia Health we have been hired for a period of 90 days beginning February 14, 2023 and ending May 14, 2023 to publicly disseminate information about Aleafia Health including on the Website and other media including Facebook and Twitter. We are being paid $3,000 per month Aleafia Health and were paid “ZERO” shares common shares. We hold “ZERO” shares common shares. We will not sell or purchase shares during the Term. We reserve the right to buy or sell shares after the Term in accordance with State and Federal securities laws. See “Disclosures” below which is to be read in conjunction with this release.

This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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