Earnings season is kicking into high-gear and leading cannabis companies are getting ready to report quarterly financial results.
Starting with Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Cronos Group Inc. (TSX: CRON) (Nasdaq: CRON) on August 6th, we expect the cannabis sector to become a major topic of discussion in early August.
During the last month, the cannabis sector has come under heavy pressure and many leading North American operators (in Canada and the US) have recorded double-digit percentage declines. The sector has recently come off its July lows and we will monitor how the industry performs ahead of earnings.
Going forward, we will be highly focused on how leading North American cannabis companies perform and want to highlight 3 operators that we are highly focused on:
- HEXO Corporation (TSX: HEXO) (NYSE: HEXO) is another high-profile Canadian cannabis company that will be highly watched this earnings season. So far this year, the company has reported several bolt-on acquisitions and we will monitor how the transactions have helped the business grow. Through a joint venture agreement with Molson Coors Canada, HEXO has attractive leverage to the cannabis beverage market and is an opportunity that we are highly focused on.
- Aleafia Health Inc. (TSX: AH) (OTC: ALEAF) has reported strong growth in back-to-back quarters and this is a trend that we expect to continue. From cannabis 2.0 products to strategic international markets, the Canadian cannabis company has several rapidly growing revenue streams and we are favorable on how the management team has been able to execute on previously announced growth initiatives.
If you are interested in learning more about cannabis companies that are getting ready to report quarterly financial results, please send an email to firstname.lastname@example.org with the subject “Cannabis Earnings Season” to be added to our distribution list.
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