Several Cannabis Companies Set to Report Quarterly Financials

Over the balance of this week as well as during next week, several cannabis companies will be reporting quarterly financials, with some of them announcing the pending releases and, in some cases, scheduled conference calls, very recently. As a reminder to our readers, we host an Earnings Conference Call Calendar that is updated frequently.

Tomorrow, CannTrust (TSX: TRST) (NYSE: CTST) will report its Q4 before the market opens and host a call at 8:00 ET. The company, according to Sentieo, is projected by analysts to have generated revenue of C$21.2 million during the quarter, up from C$12.6 million in Q3.

On Thursday afternoon, Charlotte’s Web (CSE: CWEB) (OTC: CWBHF) will report its Q4 and host a call. According to Sentieo, analysts project Q4 sales will increase from US$17.7 million in Q3 to US$23.1 million.

On Monday, GrowGeneration (OTC: GRWG) will report its Q4 financials and host a call after the market closes. According to Sentieo, a single analyst projects that the company generated revenue of $10.9 million, up from $8.4 million in Q3.

iAnthus Capital (CSE: IAN) (OTC: ITHUF) has scheduled its earnings release and conference call for Tuesday. The results will not include any contribution from its recently acquired assets from MPX.

While it won’t be hosting a call, Canadian LP MediPharm Labs (TSXV: LABS) (OTC: MLCPF) has indicated that it will be reporting its Q4 on Wednesday.

Helix TCS (OTC: HLIX), which is the parent of software company BioTrackTHC, will report its Q4 and host a call on Thursday.

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Exclusive article by Alan Brochstein, CFA
Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 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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