CordovaCann FY 2022 Revenue Grows 31% YoY, Here Are The Details
CordovaCann FY 2022 Revenue Grows 31% YoY, Here Are The Details
CordovaCann Corp. (OTCQB:LVRLF) (CSE:CDVA) released its financial results for its fiscal year ending June 30, 2022, revealing revenue of $13.5 million, a 31% increase compared to $10.3 million in the prior year.
FY 2022 Financial Highlights
-
Gross profit was $3.7 million compared to $3.5 million in fiscal 2021.
-
Net loss was $4 million compared to $4.8 million in fiscal 2021.
-
Net loss per share was ($0.04), an improvement from a net loss per share of ($0.06) in fiscal 2021.
The Star Buds Cannabis Co. stores in Canada posted another strong month of revenues in October, in spite of it being a seasonally weaker part of the year for the industry. For the month, the store chain generated revenues of $1.17 million with a gross margin of 25.7%. Store performance has benefited from tight cost controls and rationalization in the cannabis retail market. Due to this performance, management is working on expanding the Star Buds Cannabis Co. footprint in Canada through both organic store growth and acquisitions.
Cordova's operations in the United States also made significant progress in October. During the month, Extraction Technologies secured a tolling contract from the largest cultivation consortium in Washington to extract 5,000 lbs. of biomass per month for the client. In Oregon, work continues to expand the facility of Cannabilt Farms to allow for additional capacity of indoor cultivation. The company expects this additional capacity to be online in early 2023.
Photo by Diyahna Lewis on Unsplash
Related News
CordovaCann's Star Buds Cannabis Hits Record Monthly Revenue Of 1.26M In August
CordovaCann Expands Into California Cannabis Market With AuBio Labs
Star Buds Cannabis Partners With DoorDash Canada To Launch Cannabis Pickup In Ontario
CordovaCann Corp. (OTCQB:LVRLF) (CSE:CDVA) released its financial results for its fiscal year ending June 30, 2022, revealing revenue of $13.5 million, a 31% increase compared to $10.3 million in the prior year.
Cordova Cann Corp.(OTCQB:LVRLF)(CSE:CDVA)發佈了截至2022年6月30日的財年財務業績,披露的收入1350萬美元,a 31% 增加而上一年為1,030萬美元。
FY 2022 Financial Highlights
2022財年財務亮點
-
Gross profit was $3.7 million compared to $3.5 million in fiscal 2021.
-
Net loss was $4 million compared to $4.8 million in fiscal 2021.
-
Net loss per share was ($0.04), an improvement from a net loss per share of ($0.06) in fiscal 2021.
-
毛利潤為370萬美元相比之下,2021財年為350萬美元。
-
淨虧損為$4 百萬相比之下,2021財年為480萬美元。
-
每股淨虧損為0.04美元,較2021財年每股淨虧損0.06美元有所改善。
The Star Buds Cannabis Co. stores in Canada posted another strong month of revenues in October, in spite of it being a seasonally weaker part of the year for the industry. For the month, the store chain generated revenues of $1.17 million with a gross margin of 25.7%. Store performance has benefited from tight cost controls and rationalization in the cannabis retail market. Due to this performance, management is working on expanding the Star Buds Cannabis Co. footprint in Canada through both organic store growth and acquisitions.
這個星芽大麻有限公司加拿大的商店在10月份又公佈了強勁的收入月份,儘管這是該行業一年中季節性較弱的部分。當月,這家連鎖店創造了117萬美元的收入,毛利率為25.7%。商店業績得益於嚴格的成本控制和大麻零售市場的合理化。由於這一業績,管理層正在努力通過有機門店增長和收購擴大Star Buds Cannabis Co.在加拿大的足跡。
Cordova's operations in the United States also made significant progress in October. During the month, Extraction Technologies secured a tolling contract from the largest cultivation consortium in Washington to extract 5,000 lbs. of biomass per month for the client. In Oregon, work continues to expand the facility of Cannabilt Farms to allow for additional capacity of indoor cultivation. The company expects this additional capacity to be online in early 2023.
科爾多瓦在美國的業務在10月份也取得了重大進展。在這個月裏,提取技術從華盛頓最大的種植財團那裏獲得了一份開採5000磅的通行費合同。每個月為客户提供生物質。在俄勒岡州,繼續擴大設施的工作坎尼比爾特農場以增加室內栽培的能力。該公司預計,這一額外容量將於2023年初上線。
Photo by Diyahna Lewis on Unsplash
Diyahna Lewis在Unspash上的照片
Related News
相關新聞
CordovaCann's Star Buds Cannabis Hits Record Monthly Revenue Of 1.26M In August
Cordova Cann的Star Buds Cannabis 8月份月度收入達到創紀錄的126萬
CordovaCann Expands Into California Cannabis Market With AuBio Labs
Cordova Cann通過AuBio實驗室進軍加州大麻市場
Star Buds Cannabis Partners With DoorDash Canada To Launch Cannabis Pickup In Ontario
Star Buds Cannabis與DoorDash Canada合作在安大略省推出大麻皮卡
譯文內容由第三人軟體翻譯。
風險及免責聲明
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能,分享給你的好友吧