Welcome to our dedicated page for Cordovacann news (Ticker: LVRLF), a resource for investors and traders seeking the latest updates and insights on Cordovacann stock.
CordovaCann Corp. (OTCQB: LVRLF) is a Canadian-domiciled, cannabis-focused consumer products company whose public news flow is heavily centered on the performance of its Star Buds Cannabis Co. retail platform in Canada. Company updates frequently highlight the results of its 11 Star Buds Cannabis Co. stores, including reported trends in monthly revenues, year-over-year growth, and gross margin levels across the chain and in specific provinces such as Ontario.
Investors and observers following LVRLF news can expect regular disclosures on how the Star Buds Cannabis Co. stores are performing in what the company describes as a challenging environment for retail cannabis. These updates often discuss market share gains, store-level profitability, and the impact of cost controls, product assortment, and customer service on the chain’s results. Management commentary commonly addresses the efficiency of the current store portfolio and the role of store closures or optimization in improving overall cash flow.
CordovaCann’s news releases also provide insight into its strategic decisions and geographic focus. For example, the company has reported a decision to wind down operations in Oregon and Washington and to divest assets in those states, while indicating that it plans to have limited cannabis exposure in the United States in the near term. Earlier communications describe a non-binding letter of intent with Jackson BevCo, Inc. for a managed services agreement related to cannabis retail stores within or beside Jacksons convenience stores in certain western U.S. states.
By reviewing the LVRLF news feed, readers can track how CordovaCann presents the performance of Star Buds Cannabis Co., its adjustments to its U.S. footprint, and its ongoing emphasis on the Canadian retail cannabis market. This context can help users understand how the company describes its operations, strategic priorities, and the factors it identifies as influencing its business over time.
CordovaCann (CSE:CDVA/OTCQB:LVRLF) has provided an update on its Star Buds Cannabis Co. retail operations and announced strategic market exits. The company's 11 Star Buds Cannabis Co. stores reported average monthly revenues of $1.2 million from January through May 2025, with Ontario stores showing 4.5% year-over-year growth.
The retail chain maintained a strong gross margin of 25.9% during this period, with two stores setting all-time monthly revenue records in May 2025. The company expects positive growth trends to continue through the summer, historically their strongest period.
In a significant strategic shift, CordovaCann announced its decision to wind down operations in Oregon and Washington markets, citing unpredictability and operational difficulties. The company is currently divesting its assets in both states and plans to limit its U.S. cannabis exposure in the near term while focusing on expanding its profitable Canadian retail business.
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.
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