39 Top Revenue Generating Cannabis Stocks Ranked as of December 28th

The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$2.5 million per quarter. This data-driven, fact-based tracker will continually update based on new filings so that readers can stay up to date. Companies must file with the SEC or SEDAR to be considered for inclusion.

39 companies currently qualify for inclusion, with 24 filing in U.S dollars and 15 in the Canadian currency. Since our last report near the end of November, we added multi-state operator Cresco Labs (CSE: CL) (OTC: CRLBF) to the list of companies reporting in American dollars. The company, which recently listed on the CSE, ranked seventh, with sales in the quarter ending September 30th of $12.7 million. Among companies reporting in Canadian dollars, Organigram (TSXV: OGI) (OTC: OGRMF) fell off the list, at least for now, while HEXO Corp (TSX: HEXO) (OTC: HYYDF) and Nutritional High (CSE: EAT) (OTC: SPLIF) qualified for the first time. We expect to be adding several additional companies over the coming months as existing public companies continue to ramp up sales and as others begin to trade publicly.

The addition of Cresco Labs was the only change to the companies reporting in American dollars:

We expect a report from Cannex Capital (CSE: CNNX) (OTC: CNXXF) on December 31st. In January, KushCo Holdings (OTC: KSHB) will report its FY19-Q1. According to Sentieo, analysts project the company’s Q1 sales were $18.8 million, which would represent growth of 112%.

Of the companies that report in Canadian dollars, Canadian LP HEXO benefited from sales into the adult-use market, which boosted revenue 374% from a year ago to C$6.7 million. Nutritional High derived most of its C$5.8 million in sales from distribution of cannabis products in California.  1933 Industries (CSE: TGIF) (OTC: TGIFF), which generates sales from its CBD products as well as its Nevada wholesale operations, grew revenue 87% in its fiscal Q1 ending in October to C$4.6 million.

Of the companies that report in Canadian dollars, we expect two will issue financial reports in January, including Aphria (TSX: APHA) (NYSE: APHA), which will report its fiscal Q2 ending November 30th , and Organigram (TSXV: OGI) (OTC: OGRMF), which should return to the list when it reports its first quarter for the fiscal year ending August 31, 2019. According to Sentieo, Aphria is expected to report revenue of C$40.1 million, which would represent growth of 363% from a  year ago as the company recognizes sales into the adult-use market.  Analysts expect Organigram, which has provided guidance for Q1 sales in excess of the C$12.4 million it generated in all of FY18, to produce sales for the quarter ending November 30th of C$13.9 million, up 418% from a year ago.

Visit the Public Cannabis Company Revenue Tracker to track and explore the complete list of qualifying companies. For our readers who are interested in staying on top of scheduled earnings calls in the sector, we have recently introduced the Cannabis Investor Earnings Conference Call Calendar.

Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

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