Streetbeat News

AVCNF

Avicanna Inc

http://avicanna.com/

Industry

Medicinal and Botanical Manufacturing

Open

0.17

Mkt cap

20M

Volume

5K

High

0.19

P/E Ratio

-2.66

52-wk high

0.53

Low

0.17

Div yield

N/A

52-wk low

0.17

Clever Leaves Holdings Inc. partners with Paradise Seeds to develop cannabis cultivars in Colombia, aiming to expand its global footprint. Avicanna Inc. receives approval for Trunerox to treat epilepsy in Colombia, marking a significant milestone. However, Colombian Congress shelved a bill for regulating adult cannabis use, reflecting legislative divisions. This regulatory landscape impacts companies like Clever Leaves, PharmaCielo Ltd, and Khiron Life Sciences Corp, as they navigate the evolving market.

Portfolio Pulse from Nicolás Jose Rodriguez

February 14, 2024 | 4:21 pm

Avicanna Inc. has entered into an exclusive supply agreement with an unnamed multinational pharmaceutical company to launch its proprietary topical products in Europe. The products, developed from cannabinoids sourced from Avicanna's Colombian operations, are expected to be available in six European countries in 2024. Avicanna's shares saw a 4.3639% decrease to $0.2437 per share after the market close on Friday.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 2:41 pm

Avicanna Inc. (OTCQX: AVCNF) reported a record 713% YoY growth in Q3 2023 medical marijuana sales, reaching $6.27 million. The company acquired Medical Cannabis by Shoppers assets and launched MyMedi.ca platform. CEO Aras Azadian and CFO Phil Cardella highlighted strategic vision and financial milestones, including an eight-digit revenue figure and improved gross margins of 47%. Despite a 23% increase in SG&A, the company showed business scalability with an adjusted EBITDA loss of $473,000.

Portfolio Pulse from Nicolás Jose Rodriguez

November 15, 2023 | 1:56 am

The article lists the cannabis stocks that gained and lost on August 25, 2023. Notable gainers include Clever Leaves Holdings (NASDAQ:CLVR) and Skye Bioscience (OTC:SKYE), while notable losers include Australis Capital (OTC:AUSAF) and Red White & Bloom Brands (OTC:RWBYF).

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:30 pm

On August 23, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), 1933 Industries (OTC:TGIFF), and SLANG Worldwide (OTC:SLGWF), while notable losers included Red White & Bloom Brands (OTC:RWBYF), Heritage Cannabis Holding (OTC:HERTF), and CordovaCann (OTC:LVRLF).

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:30 pm

Marijuana stocks experienced a bullish Thursday with several companies seeing significant gains. Top gainers included EVIO, Tetra Bio Pharma, GrowLife, MGC Pharmaceuticals, Heritage Cannabis Holding, Avicanna, iAnthus Capital Hldgs, TILT Holdings, InnoCan Pharma, Skye Bioscience, Willow Biosciences, OrganiGram Holdings, Village Farms Intl, WM Tech, BZAM, Leafbuyer Techs, Irwin Naturals, Canopy Gwth, CLS Holdings USA, GreenGro Technologies, Vext Science, Cronos Group, Acreage Holdings, Ispire Technology, 1933 Industries, Item 9 Labs, Delivra Health Brands, Ayr Wellness, MariMed, Akanda, and Zoned Props. However, several companies also experienced losses, including Target Group, Radient Technologies, Bright Green, Malachite Innovations, StateHouse Hldgs, Khiron Life Sciences, Cansortium, CBD Unlimited, C21 Investments, Goodness Growth Holdings, Maple Leaf Green World, Rubicon Organics, Agrify, EnWave, Acreage Holdings, Psychemedics, CNBX Pharmaceuticals, Ascend Wellness Holdings, Elixinol Wellness, Charlottes Web Holdings, Incannex Healthcare, SciSparc, SOL Glb Inv, 22nd Century Group, BioHarvest Sciences, TerrAscend, Verano Holdings, SHF Hldgs, and Livewire Ergogenics.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on August 16, 2023. The biggest gainers were Red White & Bloom Brands, Target Group, and Khiron Life Sciences, while the biggest losers were EVIO, Tetra Bio Pharma, and Heritage Cannabis Holding.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:30 pm

Avicanna Inc. reported its Q2 2023 financial results, showing a 183% sequential and 200% YoY increase in revenue to CA$3.3 million. The gross margin was CA$1.5 million or 44.94%, compared to CA$712,915 or 64.61% in the prior year’s period. The net loss was CA$1.76 million, down from CA$4.36 million in the same quarter of last year. The company also reported total assets of CA$22.1 million, up from CA$17.6 million at the end of 2022, and total liabilities of CA$16.8 million, up from CA$14.1 million at the end of 2022.

Portfolio Pulse from Jelena Martinovic

August 15, 2023 | 6:07 pm

The article lists the cannabis stocks that gained and lost on August 10, 2023. The biggest gainers were Choom Holdings (OTC:CHOOF), Item 9 Labs (OTC:INLB), and Delivra Health Brands (OTC:DHBUF), while the biggest losers were CannTrust Holdings (OTC:CNTTQ), SciSparc (NASDAQ:SPRC), and Khiron Life Sciences (OTC:KHRNF).

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 9:30 pm

The article lists the marijuana stocks that gained and lost on August 8, 2023. Notable gainers include Rocky Mountain High (OTC:RMHB), Earth Science Tech (OTC:ETST), and Tilray Brands (NASDAQ:TLRY). Major losers include Choom Holdings (OTC:CHOOF), CLS Holdings USA (OTC:CLSH), and Maple Leaf Green World (OTC:MGWFF).

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 9:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.