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The Daily Hit is a recap of the top financial news stories for January 24, 2023. On the Site FDA Releases Cannabis Industry Research Guidance The guidance document from the U.S. Food and Drug Administration follows the 2018 federal legalization of hemp via that year’s feder...
Montreal-based Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB) was slightly profitable for its first financial quarter of 2023 , with $2,209 in net income against $7.7 million in revenue, the company reported. The vertically integrated Canadian marijuana company also spent $2....
Cannara Biotech Inc. Reports Q1 2023 Financial Results Canada NewsWire Company recorded $10.3 million in quarterly revenue; a 57% increase compared to Q1 2022 Delivered its seventh consecutive quarter of positive Adjusted EBITDA of $1.7M and reported positive net inc...
Cannara Announces Proposed Share Consolidation Canada NewsWire MONTREAL , Jan. 12, 2023 /CNW/ - Cannara Biotech Inc. (" Cannara " or the " Company ") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis an...
Cannara Announces Normal Course Issuer Bid for Common Shares of the Corporation Canada NewsWire MONTREAL , Nov. 30, 2022 /CNW/ - Cannara Biotech Inc. (" Cannara " or the " Company ") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated prod...
Canadian mega-producer Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) posted positive results that illustrate the company’s efficiency amid a crowded supply side market and pinching margins. The Québec-based operator released its fourth quarter and fiscal yea...
Cannara Biotech Inc. Reports Record Q4 and 2022 Fiscal Year Financial Results Canada NewsWire Company recorded a record high of $12 million in quarterly revenue (84% YoY increase) and Net Income of $2.6 million Full year revenues were $36 million ,...
Cannara Releases 14 New SKU's Across Ontario and Quebec Canada NewsWire MONTREAL , Sept. 30, 2022 /CNW Telbec/ - Cannara Biotech Inc. (" Cannara " or the " Company ") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a Quebec -based, verticall...
Cannara Biotech Inc. Announces Entry into the British Columbia Market and the Launch of its First Vape Cartridge and Vape Accessory, Tribal G Mint and UNI Pro Ark Canada NewsWire MONTREAL , Sept. 20, 2022 /CNW Telbec/ - Cannara Biotech Inc. ("Cannara" or ...
Cannara Biotech ( OTCQB:LOVFF ) announced that on August 31, 2022, Derek Stern, a director and principle shareholder owning more than 10% shares, acquired 720,000 shares in the capital of Cannara, representing ~0.08% of the common shares in the capital of the company. Pur...
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Cannara Biotech Inc. (TSXV:LOVE) (OTCQB:LOVFF) (FRA: 8CB0) announced its fiscal second quarter 2024 financial and operating results for the three a...
Cannara Biotech Reports Q2 2024 Financial Results Canada NewsWire Net revenue, increased to $19.7 million in Q2 2024 from $13.0 million in Q2 2023, a 51.0% increase. Gross profit, before fair value adjustments, increased to $7.1 million in Q2 2024 from $4...
--News Direct-- Cannara Biotech Inc CFO Nicholas Sosiak joined Steve Darling from Proactive to provided valuable insights into the company's success in the cannabis industry. Cannara, based in Montreal, Canada, is a licensed producer with two facilities totaling 1.6 million square fee...