Juva Life - JUVAF STOCK NEWS

Juva Life Inc. (CSE:JUVA, OTC:JUVAF) faces critical financial challenges, leading to a receivership hearing on November 6, 2024. The company defaulted on multiple obligations, including an $11.8M Secured Promissory Note with Pelorus REIT and convertible notes to JLL Ventures and JT Labs. Operational difficulties include virus-infected plants and mechanical issues, combined with a 70% drop in wholesale cannabis prices. All employees were laid off and operations at the Stockton facility ceased on October 31, 2024. The company also faced SEC compliance issues due to auditor suspension, resulting in trading suspensions on CSE and OTCQB.

Juva Life Inc. announces the launch of Rosin Absolute, a new cannabis vape category developed by Frosted Flowers, along with an infused flower line. The company also partners with Cloudius9 to incorporate their Carti9 vape device into the product catalog, enhancing the vaping experience. The products were well-received at the Hall of Flowers tradeshow, marking a significant milestone for Juva Life.

Juva Life Inc. (CSE:JUVA)(OTCQB:JUVAF)(FRANKFURT:4VV) reported a substantial increase in sales, reaching $3.17 million in Q3 2023, compared to $1.25 million for the same period in 2022. The net loss for Q3 2023 was reduced to $782K from $2.9 million in Q3 2022. The completion of construction at the San Juan Facility and the addition of a retail store in Redwood City, CA, have contributed to increased revenue and operational expansion. Sales for the nine months ended September 30, 2023, reached $6.4 million, a 52.3% increase over the same period in 2022, with a net loss of $4.2 million, showing substantial improvement from the corresponding period in 2022. Despite industry challenges, operational efficiencies led to positive strides, with EBITDA improving from a negative $4.97 million in Q3 2022 to negative $141K in Q3 2023. The CEO expressed excitement at the outstanding Q3 results and the successful execution of strategic initiatives, reflecting the company's commitment to innovation and operational excellence.

Juva Life Inc. (CSE: JUVA, OTCQB: JUVAF) has initiated construction for a retail cannabis storefront in Redwood City, California, set to open in Q1 2023. This location is anticipated to further solidify Juva's market presence, as the company was the highest-scoring applicant during the permitting process, achieving a total of 3,072 points in evaluations. Juva Life is also engaged in pharmaceutical research, working on new compounds and expanding its medicinal cannabis study.

Juva Life Inc. (CSE: JUVA; OTCQB: JUVAF) has successfully scaled up its proprietary cannabis-derived molecule, JUVA-041, from micrograms to 5 grams, paving the way for preclinical studies. JUVA-041 exhibits potent anti-inflammatory properties and has shown superior efficacy compared to existing products. This development highlights Juva's competitive edge in medicinal chemistry, allowing faster and more cost-effective drug development. The company aims to advance JUVA-041 through preclinical testing, with a pending patent securing its innovative approach.

Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) has announced the launch of its new cannabis product line, Flōs, which includes high-quality flower and pre-rolled products. The launch coincides with the completion of its Stockton cultivation facility, which has doubled output capacity. Flōs products cater to budget-conscious consumers and will be available statewide in California, including through the Juva Delivery service. The company aims to leverage retail revenues to further its pharmaceutical and wellness product development initiatives.

Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) reported its financial results for Q2 2022, showcasing a revenue of $1.8 million, representing a 144% year-over-year increase. For the six months ending June 30, 2022, revenue reached $2.9 million, up 123% from the previous year. The company also reduced its net loss from $2.8 million to $1.9 million. An $11.8 million financing facilitated the purchase of its Stockton facility. Upcoming initiatives include the preclinical development of the anti-inflammatory compound Juva-041 and a new retail storefront in Redwood City.

Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) has announced the launch of the JuLi Registry, a WCG IRB-approved cannabis patient registry. This multi-year study aims to gather extensive real-world clinical data on cannabis effects, involving collaboration with leading cannabis brands. The collected data will assist in demonstrating cannabis's therapeutic benefits to regulatory bodies. Patients aged 21+ with specific conditions can participate in tracking product effectiveness, dosing, and potential opioid reduction. The registry is positioned to create one of the largest data sets on cannabis health benefits.

Juva Life Inc. (CSE: JUVA, OTCQB: JUVAF) reported significant growth in Q1 2022, generating $1.16 million in revenue, nearly doubling the $0.58 million from Q1 2021. The company's net loss improved to $3 million, down from $5.5 million the previous year. Juva advanced two proprietary compounds, JUVA-019 and JUVA-041, into preclinical development and launched a cannabis consumption tracking app. Additionally, the completion of a 30,000-square-foot cultivation facility in Stockton enhances production capacity.