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Cannara Biotech Reports 51% YoY Revenue Increase In Q2, Wider Net Loss - Lovesac (NASDAQ:LOVE), Cannara Biotech (OTC:LOVFF)

Cannara Biotech Inc. announced on Monday its fiscal second quarter 2024 financial and operating results for the three and six-month periods ended Feb. 29, 2024. The company reported a 68% year-over-year increase in revenues for the first half of fiscal 2024, a metrics CFO Nicholas Sosiak called "a testament to our growing influence in the Quebec, Ontario, Alberta, and BC markets." "Our proactive steps towards streamlining assets align with our ambition to fortify our financial foundation as we relentlessly stay focused on gaining market share and becoming the leader in Canada, the second-largest cannabis market in the world," Sosiak said. "As for our long-term vision, we do see our future extend beyond our borders where Cannara is a globally recognized brand synonymous with excellence and value in cannabis."

Nicholas sosiakCannara biotech incNew jersey market spotlight

Cannara Biotech Reports Q2 2024 Financial Results

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 $4.0.

Baden wübergUnited kingdomZohar krivorotNicholas sosiakInnovative strain developmentManitoba liquor lotteries corporationNational instrumentNova scotia liquor corporationIsraeli ministry of healthVenture exchangeCannara biotech incInternational financial reporting standardsRegulation services providerCompany board of directorsManitoba liquorLotteries corporation

Cannara Biotech Announces Record-Breaking Q1 2024 Results: Continued Robust Growth and Market Expansion -January 30, 2024 at 08:31 am EST

Record Q1 net revenues of $19.5 million, representing an 89% increase compared to the $10.3 million of net revenues generated in Q1 2023 Q1 operating income of $3.4 million, representing an 201%.

United kingdomZohar krivorotNicholas sosiakJackm kayMary durocherVenture exchangeRegulation services providerCannara biotech incChief executiveQuarter salesFarnham facilityBritish columbiaWeed crawlerHeadset dataAnnual general meetingManagement information circular

Cannara Biotech Announces Record-Breaking Q1 2024 Results: Continued Robust Growth and Market Expansion

Record Q1 net revenues of $19.5 million, representing an 89% increase compared to the $10.3 million of net revenues generated in Q1 2023 Q1 operating income of.

United kingdomMary durocherNicholas sosiakZohar krivorotJackm kayRegulation services providerVenture exchangeCannara biotech incChief executiveQuarter salesFarnham facilityBritish columbiaWeed crawlerHeadset dataAnnual general meetingManagement information circular

Cannara Biotech CFO Nicholas Sosiak: Unveiling Success Strategies and Future Plans

Cannara Biotech CFO Nicholas Sosiak: Unveiling Success Strategies and Future Plans
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