Nova Cannabis Inc, NOVC:TOR profile

Consumer DiscretionaryConsumer Discretionary

Price (CAD)1.28
Today's Change0.05 / 4.07%
Shares traded35.31k
1 Year change+197.67%
Beta-0.7485

Data delayed at least 15 minutes, as of Aug 02 2024 20:48 BST.

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About the company

Nova Cannabis Inc. is a Canada-based cannabis retailer. The Company’s principal activity is the operation of retail cannabis stores in Canada. The Company owns and/or operates locations across British Columbia, Alberta, Ontario, and Saskatchewan, primarily under its Value Buds and Firesale Cannabis banners. It is focused on the cannabis retail market by offering a range of quality cannabis products. Its collections include Big Bags, Dried flower, vape cartridges, pre-rolls, concentrates, and edibles. Its products include GOOD SUPPLY SWEET BERRY KUSH (IND) DRIED - 28G, BAKE SALE ALL PURPOSE FLOWER INDICA (IND) DRIED - 28G, GOOD SUPPLY MELON DREAM (H) DRIED - 28G, GOOD SUPPLY MELON DREAM (H) DRIED - 28G, SIMPLY BARE BC ORGANIC MIND FLAYER (IND) DRIED - 28G, PURE SUNFARMS UFO COOKIES (IND) DRIED - 28G, and SPINACH WEDDING CAKE (H) DRIED - 28G.

Revenue in CAD (TTM)263.41m
Net income in CAD3.24m
Incorporated2019
Employees719.00

Location
Nova Cannabis Inc101, 17220 Stony Plain Road NWEDMONTON T5S 1K6CanadaCAN
Phone+1 (403) 948-5227
Fax+1 (780) 702-1999
Websitehttps://www.novacannabis.ca/

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Income statement (CAD)

Year on year Nova Cannabis Inc grew revenues 14.53% from 226.42m to 259.33m. In addition the company has reduced the cost of goods sold, selling, general and administrative expenses and debt expenses (all as a percent of sales). The company reported positive net income, improving from a loss of 11.21m to a profit of 3.03m.

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