Cordovacann Stock Price, News & Analysis

CordovaCann's Star Buds Cannabis Co. reported strong performance in Q4 2024, with monthly revenues of $1.3 million in October and $1.2 million in November across its 11 retail stores. The chain demonstrated significant growth, with average stores showing 9.2% and 10.1% year-over-year revenue growth in October and November respectively. Ontario stores performed particularly well, with monthly revenues growing by 12.4% and 14.1% in the same periods.

The company maintained robust gross margins of 26.3% in October and 26.2% in November, with similar trends expected for December. Management expressed optimism about continued growth in 2025 and plans to expand beyond their current 11 locations through organic growth and acquisitions.

CordovaCann Corp. (CSE:CDVA / OTCQB:LVRLF) has reported strong growth for its Star Buds Cannabis Co. retail operations in Canada. The company's 11 stores have shown consistent performance, with average monthly revenues of $1.2 million from March to August 2024. Key highlights include:

- 10.3% year-over-year revenue growth for the average store
- 13.9% growth in average monthly revenues for higher-grossing Ontario stores
- Strong aggregate gross margin of 26.9%, an 800 basis point increase year-over-year
- Record-breaking monthly revenues and gross profit in August 2024, surpassing August 2022 figures despite operating fewer stores

The company attributes this success to a diverse product assortment and exceptional customer service. Positive momentum has continued into September, with expectations for a strong finish to the year.

CordovaCann Corp. (OTCQB:LVRLF) reports strong growth from its Star Buds Cannabis Co. chain in Q1 2023, generating revenues of $1.12M, $1.07M, and $1.15M in January, February, and March, respectively. The stores achieved a gross margin of 25.9%, 26.4%, and 26.0% for the same months. Revenue increased by 8.8% year-on-year despite challenging market conditions. Management anticipates further growth through the closure of competing stores and industry consolidation. Expansion plans for the Star Buds platform are in the pipeline, highlighting the company's resilience and potential for continued profitability.

CordovaCann Corp. provided an update on its Star Buds Cannabis Co. operations, reporting a strong revenue performance for December 2022 with $1.22 million in sales and a 26.0% gross margin, equating to an annual run rate of $14.7 million. The company noted its commitment to expanding its retail footprint across Canada through organic growth and acquisitions, driven by market share gains and closures of competing stores. Four stores achieved record monthly revenues, showcasing strong growth despite economic challenges.

CordovaCann Corp. has announced a partnership with Jackson BevCo, Inc. to open cannabis retail stores within Jacksons' convenience stores across the Western U.S. Under a non-binding letter of intent, Cordova will provide services such as regulatory compliance and inventory procurement. Jacksons, operating 65 stores in the region, will pay Cordova a revenue-based royalty. The first stores are expected to launch in 2023, targeting Washington, Oregon, and Arizona. This partnership aims to accelerate Cordova's revenue stream and expand its market presence.