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 $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.
Fifteen companies currently qualify for inclusion, with six filing in U.S dollars and nine in the Canadian currency. Two Canadian-listed companies reported financials late last week, including Isodiol International (CSE: ISOL) (OTC: ISOLF) and MPX Bioceutical (CSE: MPX) (OTC: MPXEF), which have been updated to reflect the results:
Isodiol International reported sales of C$5.89 million in its FY18-Q3 ending 12/31, which represented a 16% gain from Q2. The company generated an operating profit of C$202,254 during the quarter but used C$7.5 million to fund operations. MPX Bioecutical sales of C$4.48 million in its FY18-Q3 ending 12/31, which represent the revenue from its Arizona operations, grew 2% from the prior quarter. The company reported an operating loss of $2.7 million, with adjusted EBITDA of $-1.18 million. In its conference call hosted on 3/8, the company provided guidance for sales of C$6 million in Q4, which also includes revenue from Nevada, and suggested that its Arizona operations will generate sales of more than C$40 million in Fiscal 2019.
Terra Tech (OTC: TRTC) is expected to report its annual financials for 2017 by March 16th. CanniMed Therapeutics (TSX: CMED) (OTC: CMMDF) would ordinarily report its FY18-Q1 results for the quarter ending January 31st by March 17th, though it may not do so if its acquisition by Aurora Cannabis has closed. CV Sciences (OTC: CVSI) and Grow Generation (OTC: GRWG) are expected to report 2017 financials by April 2nd. Finally, while CannTrust (TSX: TRST) (OTC: CNTTF) isn’t required to report its 2017 financials until late April, we expect it to do so by the end of March. The company has already reported preliminary Q4 sales of $7 million.
Visit the Public Cannabis Company Revenue Tracker to see the complete list of qualifying companies.
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