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 (in USD). 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.
Sixteen companies currently qualify for inclusion, with six filing in U.S dollars and ten in the Canadian currency. So far this month, four of the six U.S. companies have reported. CV Sciences (OTC: CVSI), which sells CBD consumer products derived from industrial hemp, grew 114% in Q1. The company reported adjusted EBITDA of $1.8 million. Terra Tech (OTC: TRTC) reported its Q1 results last week, with sales rising 26%. The company’s cannabis segment, which derives revenue in California and Nevada, saw 24% growth from a year ago. GrowGeneration (OTC: GRWG), which operates hydroponics stores in several states, reported 70% growth in sales in Q1 in a 10-Q filing on May 15th. GW Pharma (NASDAQ: GWPH) reported its fiscal 2nd quarter last week, with sales rising 47%.
Two Canadian LPs have reported so far in May. Last week, Aurora Cannabis (TSX: ACB) (OTC: ACBFF) reported 211% growth from a year ago during its fiscal third quarter, with the 45% growth in dried cannabis sales domestically boosted by exports to Europe the addition of oils and the acquisition of Larssen. The company closed on its acquisition of CanniMed late in the quarter and included 16 days of its sales. Yesterday, CannTrust (TSX: TRST) (OTC: CNTTF) reported 158% growth in its sales for the first quarter of 2018. The company saw 60% growth in its dried cannabis sales, while oils, which accounted for 57% of overall sales, soared 327%. Adjusted EBITDA declined from a year ago to -C$1.356 million from C$166,372. CannTrust ended the quarter with 42K patients.
Over the balance of May, two companies will be providing quarterly updates, including Sunniva (CSE: SNN) (OTC: SNNVF) in Canada and Golden Leaf Holdings (CSE: GLH) (OTC: GLDFF in the United States. We continue to expect this list to grow and are monitoring for additional companies that meet the qualifications.
Visit the Public Cannabis Company Revenue Tracker to see the complete list of qualifying companies.
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