Overzicht cannabisopbrengsten: 4Front, WeedMD, FSD Pharma, 1933 Industries, True Leaf

Overzicht cannabisopbrengsten: 4Front, WeedMD, FSD Pharma, 1933 Industries, True Leaf

december 22, 2019 0 Door admin

Translating…

As cannabis earnings season continues, Benzinga took a look at the quarterly prints from four companies in the sector Monday. 

4Front Ventures Reports $6.86M Quarterly Net Loss

FFNTF) posted third-quarter financial results Friday that included systemwide pro forma revenue of $16.9 million, up by 20% from the previous quarter.” data-reactid=”20″ type=”text”>4Front Ventures Corp. (CSE: FFNT) (OTC: FFNTF) posted third-quarter financial results Friday that included systemwide pro forma revenue of $16.9 million, up by 20% from the previous quarter.

The company reported IFRS revenue of $7.52 million and an adjusted EBITDA loss of $4.61 million.

The quarterly net loss was $6.86 million versus a net loss of $2.64 million in the same quarter of 2018.

4Front Ventures finished the quarter with $12.4 million in cash and said it expects to end November with around $13 million in cash and undrawn loans.

The stock was down 1.73% at 40 cents at the time of publication Monday. 

True Leaf Brands Inc (OTC: TRLFF) (CSE: MJ) announced second-quarter revenue of CA$706,752 ($530,000) on Monday — a 70% increase from the previous quarter.” data-reactid=”26″ type=”text”>True Leaf Brands Inc (OTC: TRLFF) (CSE: MJ) announced second-quarter revenue of CA$706,752 ($530,000) on Monday — a 70% increase from the previous quarter.

CBD line for dogs this quarter. 

“True Leaf is proud to report its strongest quarter in the company’s history,” CEO Darcy Bomford said in a statement.

View more earnings on FFNTF” data-reactid=”29″ type=”text”>View more earnings on FFNTF

“This record quarter is a result of the successful rollout of our new and expanded natural pet care product lines, our investments into building our team and success in streamlining global operations.” 

The stock was down 10.38% at 0.095 cents at the close Monday. 

WeedMD’s Shares Plummet After Reporting Q3 Results 

WDDMF) reported third-quarter net revenue Friday of CA$6.7 million, down from CA$7.98 million one quarter earlier.” data-reactid=”33″ type=”text”>Cannabis company WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF) reported third-quarter net revenue Friday of CA$6.7 million, down from CA$7.98 million one quarter earlier.

WeedMD disclosed a quarterly adjusted EBITDA loss of CA$1.97 million versus an adjusted EBITDA loss of CA$662,822 in the prior quarter. 

The company posted a net and comprehensive loss of CA$13.4 million versus net and comprehensive income of CA$12.62 million in the previous quarter.

WeedMD shares were down 8.06% at 76 cents at the time of publication. 

FSD Pharma’s Stock Falls Upon Reporting Quarterly Net Loss

FSDDF) FSDDF) reported third-quarter revenue Friday of CA$12,805 versus revenue of CA$13,833 one year ago. ” data-reactid=”38″ type=”text”>FSD Pharma Inc. (CSE: HUGE) (OTC: FSDDFFSDDF) reported third-quarter revenue Friday of CA$12,805 versus revenue of CA$13,833 one year ago. 

The company posted a net loss of CA$16.7 million or CA$2.20 per share.

The stock was down 4.3% at $4.60 at the time of publication. 

1933 Industries Reports Higher 2019 Loss 

The company’s annual net loss of CA$19.11 million is more than triple the CA$5.73-million figure one year ago. 

The adjusted annual EBITDA loss of CA$10.11 million is an increase over its CA$3.08-million loss in 2018. 

1933 Industries shares were trading up 0.98% at 17 cents at the time of publication. 

  • True Leaf Secures 3 Health Canada Licenses To Cultivate, Process, Sell Medical Marijuana
  • Nevada’s Cannabis Market: 1933 Industries Successful Brand Launch, Stem Holdings Launches Cultivars
  • 4Front Presents Brighleaf Brands To Massachusetts Market
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