Streetbeat News

LOVFF

Cannara Biotech Inc

CEO

Zohar Krivorot

Industry

Medicinal and Botanical Manufacturing

Open

0.58

Mkt cap

43M

Volume

High

0.59

P/E Ratio

9.56

52-wk high

0.78

Low

0.48

Div yield

N/A

52-wk low

0.39

On August 1, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Malachite Innovations, Maple Leaf Green World, and Global Hemp Group, with shares closing up 26.32%, 22.83%, and 22.73% respectively. On the other hand, Humble & Fume, GrowLife, and Tetra Bio Pharma were among the biggest losers, with shares closing down 34.09%, 32.84%, and 32.50% respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:37 am

On July 27, 2023, several cannabis stocks experienced significant price movements. Notable gainers include Hemp (OTC:HEMP), Gaby (OTC:GABLF), and Global Hemp Group (OTC:GBHPF), while significant losers include Earth Science Tech (OTC:ETST), Tetra Bio Pharma (OTC:TBPMF), and Heritage Cannabis Holding (OTC:HERTF).

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 9:30 pm

Cannara Biotech Inc. reported its Q3 FY23 financial results, showing a 57% YoY increase in net revenue to CA$15.9 million ($12 million). Other highlights include an 81% increase in gross profit to CA$8.6 million, a 105% increase in adjusted EBITDA to CA$3.9 million, and a 107% improvement in net income to CA$2.9 million. The company also reported a 113% increase in free cash flow to CA$3.2 million and has CA$27.1 million in working capital. Cannara's market share grew by more than 30% in Quebec and Ontario, and it began sales in Alberta.

Portfolio Pulse from Vuk Zdinjak

July 27, 2023 | 1:09 pm

The article lists the cannabis stocks that gained and lost on July 25, 2023. Notable gainers include EVIO, MGC Pharmaceuticals, CBD Of Denver, Allied, and Blueberries Medical. Significant losers include Choom Holdings, 1933 Industries, GrowLife, Item 9 Labs, and Flora Growth.

Portfolio Pulse from Benzinga Insights

July 25, 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.