Marijuana Cash: February 12, 2021


Cover Progress (NASDAQ: CGC) introduced its third quarter fiscal 2021 outcomes with web income of $153 million, a rise of 23% versus Q3 2020. Cover Progress mentioned that $99 million of that income was pushed by a rise in Canadian leisure and Worldwide medical cannabis income. Regardless of the rise in income, the corporate additionally recorded an eye-popping web lack of $829 million. Cover mentioned that this was a $720 million wider loss than the earlier quarter and blamed the loss on impairment and restructuring prices and different associated prices of $416 million.

Zig-Zag maker Turning Level Manufacturers, Inc. (NYSE: TPB) introduced monetary outcomes for the fourth quarter and full-year ending December 31, 2020. For the fourth quarter, the corporate mentioned web gross sales elevated 31.2% to $105.3 million and the online earnings elevated from $25.0 million to $12.7 million. Turning Level beat expectations as the common analyst estimate for the quarter in response to Yahoo Finance was $0.76 and the common estimate for revenues was $101 million. For the complete yr. web gross sales elevated 11.9% to $405.1 million and the online earnings elevated $19.3 million to $33.0 million.

The Inexperienced Natural Dutchman Holdings Ltd.  (TGOD) (OTC: TGODF) introduced unaudited consolidated gross income for the fourth quarter of 2020 is anticipated to be roughly $10.9 million, reflecting development of 235% over the prior yr. Nonetheless the corporate revised its Canadian web income forecast to a variety of $40 million to $45 million from the earlier forecast of $61 million. 

cbdMD, Inc. ( NYSE: YCBD) introduced its monetary outcomes for its first quarter ended December 31, 2020. Web gross sales for the primary quarter of fiscal 2021 elevated by 22% year-over-year to a file of $12.3 million from $10.1 million from the prior yr’s quarter.

Cover Rivers Inc. (OTC: CNPOF) reported an working earnings of $3.0 million for the fourth quarter. The web earnings was $1.4 million.  Different complete earnings was $80.8 million for the quarter and that led to a complete complete earnings for the quarter of $82 million. 

Zenabis World Inc. (TSX:ZENA) introduced that it has established an at-the-market fairness program that permits the Firm to difficulty as much as C$15 million of widespread shares 

Columbia Care Inc. (OTCQX: CCHWF) has entered into an settlement with Canaccord Genuity Corp. for two.8 million widespread shares at a value of C$9.00 per share for mixture gross proceeds of C$25 million It’s anticipated that the providing can be primarily offered to 1 massive institutional investor. The deal is anticipated to shut on or about February 25, 2021. 

And that’s the massive information this week, on Monday the markets can be closed for President’s Day.


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