CORDOVACANN CORP - LVRLF STOCK NEWS

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. reports strong performance of Star Buds Cannabis Co. stores in 2024, with significant revenue growth and expanding gross profit. The company's retail operations in Canada are thriving due to cost controls, product variety, and customer focus. Monthly revenues of $1.1 million in January and February, with impressive year-over-year growth rates. Ontario stores outperforming expectations. Gross margin at 27.0% indicates financial stability. Management expects continued success through store expansion and industry consolidation.

CordovaCann Corp. reports strong performance of its Star Buds Cannabis Co. retail stores in Canada, with significant revenue growth and improving gross margins. The chain generated $3.5 million in revenues in the last quarter of 2023, with monthly revenue records and increasing margins. Management expects continued growth in 2024, benefiting from closures of competing stores, industry consolidation, and increased customer awareness.

CordovaCann Corp. provides an update on its Star Buds Cannabis Co. retail operations in Canada. The stores continue to grow and increase market share despite challenges in the retail cannabis industry. Revenues for the past two months reached $1.2 million each, with average store revenues growing 7.5% and 8.9% year-over-year. Gross margin remains strong at 26.4% and 26.3% in August and September respectively. The company expects to benefit from store closures, industry consolidation, and increased customer awareness.

Star Buds Cannabis Co. stores show impressive growth despite retail cannabis industry challenges. Revenues exceeded $1.1 million in each of the past three months with an average monthly growth of 11.5%. Gross margin improved to 27.6% in July. Management expects further growth through store closures, industry consolidation, and increased customer awareness. Expansion plans in Canada through organic growth and acquisitions.

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.

CordovaCann Corp. (OTCQB:LVRLF) reported a 31% increase in annual revenues for the fiscal year ending June 30, 2022, totaling $13.5 million compared to $10.3 million in the previous year. This growth is attributed to the expansion of the Star Buds Cannabis Co. retail footprint in Canada. The company improved its net loss per share to (0.04) from (0.06). Notably, the company anticipates stronger contributions from its U.S. operations and increased profitability in fiscal 2023.