CordovaCann Corp. Archives - Green Market Report

StaffNovember 8, 2022
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The Daily Hit is a recap of cannabis business news for Nov. 8, 2022.

ON THE SITE

Planet 13 Picks Waukegan Over Chicago

Las Vegas-based cannabis company Planet 13 has decided to open its Illinois retail shop in Waukegan. Planet 13 partnered with Chicago-area social equity applicant Frank Cowan to win one of 185 new retail licenses that recently were issued by the state of Illinois. Read more here.

Star Buds Cannabis Owner Stays Afloat as Debt Deepens

CordovaCann Corp. (CSE: CDVA) (OTCQB: LVRLF) rose in trading Tuesday after it published its financial statement for fiscal 2022, which showed improvements in revenue and cost control despite operating with a heavy deficit. Cordova recorded $13.5 million in revenues, up 23% versus $10.3 million the year prior, primarily driven by the growth of the Star Buds Cannabis Co. retail footprint in Canada, the company said. Read more here.

Nova Sees Record Profits As It Trims Losses With Value Brand

Nova Cannabis Inc. (TSX: NOVC) recorded a net loss of $1.5 million versus $6.2 million loss last year; slightly up from a $1.4 million loss in the previous quarter. The company attributed the reduction in loss over the year primarily a result of the increase in sales and gross margin. Read more here.

AFC Gamma’s Net Income Rises 45%

AFC Gamma, Inc. (NASDAQ: AFCG) announced its financial results for the third quarter of 2022. with a net income of $11.5 million or $0.57 per basic weighted average share of common stock. This is a 45% increase in net income from last year’s third quarter. It missed Zack’s estimate, which was listed at $0.67 per share. Read more here.

IN OTHER NEWS

Pineapple Ventures

A pair of investors who said an affiliate of California pot firm Pineapple Ventures owed them $75,000 stemming from a financing deal have come to a conditional settlement in the case, a recent court filing shows. Anna Vocino and Alfred Loren Tarquinio had said in their Los Angeles County Superior Court suit that they agreed to lend money to defendant Neu-Ventures Inc. Read more here.

CNBX Pharmaceuticals

CNBX Pharmaceuticals Inc. (OTCQB: CNBX), a global leader in the development of cancer related cannabinoid-based medicine, has acquired a controlling interest in TaGeza Biopharmaceuticals Ltd. Co-founder Benjamin Dekel will continue to serve as the company’s chief scientist, and CNBX Chairman Gabriel Yariv will assume the position of TaGeza Biopharmaceuticals CEO. Read more here.


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Toronto, Ontario, July 9, 2018 /AxisWire/ CordovaCann Corp. (OTCQB:LVRLF) (“CordovaCann” or the “Company”), a leading cannabis-focused consumer products company, is pleased to announce that the Company has received conditional approval to list its common shares on the Canadian Securities Exchange (the “CSE”). Final approval is subject to the completion of customary listing requirements of the CSE, including receipt of all required application documentation. A date for the listing and posting for trading of CordovaCann’s common shares will be determined upon the CSE’s confirmation of all conditions being met.

Mr. Taz Turner, Chairman & CEO of CordovaCann stated, “The receipt of conditional approval for listing on the CSE is an important milestone for the Company. We look forward to receiving final approval as listing on the CSE will allow CordovaCann to gain access to the capital markets in Canada, expand the Company’s shareholder base and improve liquidity for its investors.”

To be added to the Company’s distribution list, please email cordova@kcsa.comwith “Cordova” in the subject line.

About CordovaCann Corp.

CordovaCann Corp. (formerly LiveReel Media Corporation) is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple U.S. jurisdictions. CordovaCann primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry.

Forward-looking Statements

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management’s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or occur or that the Company will receive final approval for the listing of its common shares on the CSE. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management’s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company’s ability to retain key management and employees; intense competition and the Company’s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company’s public filings on EDGAR and SEDAR. The Company undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with the Company’s business, please refer to the risks and uncertainties detailed from time to time in the Company’s EDGAR and SEDAR filings.

The press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Company securities in any state in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

 

Contact:

Phil Carlson / Elizabeth Barker

KCSA Strategic Communications

cordova@kcsa.com

(212) 896-1233

 


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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