Nova Cannabis Inc.

NOVC

CA66980W1041

Drug Retailers

Market Closed - Toronto S.E. Other stock markets 03:59:47 2024-05-29 pm EDT			5-day change	1st Jan Change
1.28 ^CAD	+2.40%		+5.79%	+43.82%

May. 09	Nova Cannabis Brief: SNDL Inc. and Nova Completed Assignment of SNDL's Rights to Own or Operate Four Dutch Love Stores to Nova Upon the Terms Announced on April 1, 2024	MT
May. 08	Nova Cannabis Seeks M&A	CI

Nova Cannabis Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 07, 2024 at 08:32 pm EDT

Nova Cannabis Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 64.26 million compared to CAD 60.18 million a year ago. Net loss was CAD 0.333 million compared to CAD 0.544 million a year ago.

Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago.

Latest news about Nova Cannabis Inc.

Nova Cannabis Brief: SNDL Inc. and Nova Completed Assignment of SNDL's Rights to Own or Operate Four Dutch Love Stores to Nova Upon the Terms Announced on April 1, 2024	May. 09	MT
Nova Cannabis Seeks M&A	May. 08	CI
Transcript : Nova Cannabis Inc., Q1 2024 Earnings Call, May 08, 2024	May. 08
MT Newswires Canada Overnight Stocks To Watch: B2Gold; Suncor; American Hotel Income Properties REIT; Genesis Land Development; Maxim Power; Spartan Delta	May. 07	MT
Nova Cannabis Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 07	CI
Nova Cannabis Brief: SNDL and Nova Cannabis Announced Overnight Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility	Apr. 02	MT
Nova Cannabis Rises 5% As Swings To Q4 Profit YOY	Mar. 26	MT
Transcript : Nova Cannabis Inc., Q4 2023 Earnings Call, Mar 26, 2024	Mar. 26
Nova Cannabis Swings To Q4 Profit YOY	Mar. 26	MT
Nova Cannabis Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Nova Cannabis Rises More Than 7%, Upgraded to Outperform at ATB Capital	Nov. 21	MT
SNDL, Nova Cannabis Terminate Implementation Agreement; Nova down 11.7%	Nov. 20	MT
SNDL, Nova Cannabis Terminate Implementation Agreement	Nov. 20	MT
North American Morning Briefing : Stocks Futures Steady on Rates Optimism	Nov. 20	DJ
SNDL Inc. and Nova Cannabis Inc. Announces the Mutual Decision to Terminate the Implementation Agreement	Nov. 20	CI
Nova Cannabis Inc. cancelled the acquisition of 26 cannabis retail stores located in Ontario and Alberta from SNDL Inc..	Nov. 16	CI
Transcript : Nova Cannabis Inc., Q3 2023 Earnings Call, Nov 09, 2023	Nov. 09
North American Morning Briefing : Traders Await -2-	Nov. 09	DJ
Nova Cannabis Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Nova Cannabis Brief: In addition, SNDL and Nova Extended Maturity date of Nova's revolving credit facility with SNDL to November 30, 2023	23-10-30	MT
Nova Cannabis Brief: SNDL and Nova Cannabis Extending Outside Date for Closing of Strategic Partnership to November 30, 2023; Citing Continued Review by One Provincial Regulator	23-10-30	MT
North American Morning Briefing : Mood Improves as -2-	23-09-29	DJ
Nova Cannabis Brief: Cos Extending Outside Date for Closing of Strategic Partnership To On Or Before October 30, 2023, Subject to Receipt of Regulatory OKs; Cite Continued Review By One Provincial Regulator	23-09-29	MT
SNDL, Nova Cannabis Extend Closing Date for Strategic Partnership	23-09-29	MT
SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership	23-09-28	CI

Chart Nova Cannabis Inc.

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Company Profile

Nova Cannabis Inc. is a Canada-based cannabis retailer. The Companyâs principal activity is the operation of retail cannabis stores in Canada. It is focused on disrupting the cannabis retail market by offering a wide range of high-quality cannabis products. The Company operates under the brand name Value Buds and Firesale Cannabis for its cannabis retail locations in Alberta and Ontario, and under the brand name Sweet Tree Cannabis Co. for its retail location in Saskatchewan. The Company owns and/or operates approximately 92 locations across Alberta, Ontario, and Saskatchewan, primarily under its Value Buds banner. Its Value Buds banner offers discount prices on a wide selection of cannabis products from value to premium. Value Buds is a high-value recreational cannabis brand.

Sector

Drug Retailers

Calendar

2024-06-20 - Annual General Meeting

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.25 CAD

Average target price

3.625 CAD

Spread / Average Target

+190.00%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Cannabis Product Retailers

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