Warning: session_start(): open(/opt/alt/php74/var/lib/php/session/sess_22999f7157b1f198f9c9a4e4c98a0dc7, O_RDWR) failed: Disk quota exceeded (122) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php74/var/lib/php/session) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278
Earnings to Expansion: 3 Canadian Pot Stocks to Watch - Mushroomstocks | Mushroomstocks
Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th

Earnings to Expansion: 3 Canadian Pot Stocks to Watch

May 15, 2017 • 2:04 PM EDT
Cali (4).png
4 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

From quarterly earnings to production capacity expansions, Canadian cannabis companies continue to execute and work toward delivering value to its shareholder.

Although companies levered to this burgeoning opportunity have been under significant pressure, we believe the industry is nearing a bottom and this will create several opportunities for strategic investors.

Investors must be selective when looking at the cannabis sector and focus on companies that are led by a great management team, have a strong balance sheet, are differentiated from their peers, and undervalued when compared to the long-term opportunity.

Several Canadian cannabis companies reported developments today and we want to highlight some of these updates for you.

Canabo Enters Agreement to Develop Cannabinoid Treatments

This morning, Canabo Medical Inc. (CMM.V: TSX Venture) (CAMDF: OTCQB) announced a collaborative agreement with Terra Life Sciences to jointly work on the R&D and clinical application of cannabinoid-based treatments for specific conditions.  The goal of the agreement is the development of formulations that target specific conditions and illnesses such as chronic pain or anxiety.

The Terra Life Sciences group owns and operates two Health Canada licensed GMP compliant facilities with capabilities to manufacture pharmaceuticals, over the counter nutraceuticals.  Terra Life currently manufactures over 100 different products and has a manufacturing capacity of over 2.5 billion softgels per year, with access to an R&D department that includes 8 PhDs on staff. 

Health Canada Triples Aphria’s Production Capacity

The long awaited license amendment from Health Canada has finally arrived providing Aphria Inc.  (APH.TO) (APHQF) with of 57,000 square feet of additional production space. This will more than triple Aphria’s production capacity of medical cannabis from 2,600 kgs annually to 8,000 kgs annually. 

This announcement is part of the company’s Part II expansion and Aphria expects the first harvest to be available for sale in the middle of August. This is a milestone for the company and marks the completion of the second part of a four-part expansion plan which is expected to be completed by July 2018.

Aurora Reports Strong Guidance for Fourth Quarter Earnings

Aurora Cannabis (ACB.V: TSX Venture) (ACBFF) reported its third quarter financial and operational results for the quarter that ended on March 31st this morning and the company issued some very favorable guidance for the upcoming quarter.

Aurora stated that it has been consistently growing revenues and is currently generating more than $2.0 million in revenue a month. During the third quarter, the company recorded net income of $100,000 on $5.2 million in revenue (reported $2.5 million in net income recorded during the same period last year).

Aurora is a company to watch as it continues to follow through on previously announced initiatives such as the construction of an 800,000 square foot production facility, executing on a national and international expansion plan, and improving the business by investing in technology, partnerships, customer service, and sales and marketing.

Aurora said it pro-actively managed new patient registrations in the third quarter to balance demand with its increasing production capacity, and to protect its reputation as a reliable supplier of premium products. As more product becomes available, Aurora expects to see new patient registration increase and see higher patient acquisition rates. 



Become a Mushroomstocks Premium Member to learn more!


Important Investor Disclosures 

This report was authored by and is property of Mushroomstocks.  All information and data relied upon in drafting this report is publicly available.  The author believes and considers its sources to be reliable, but does not guarantee the accuracy or completeness of any information contained in this report.  Any and all information, data, analyses and opinions are provided for informational purposes only and is not intended, in any manner, as investment advice.  Any projections or other information generated by Mushroomstocks regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.  None of the material contained in this report is intended as a solution or offer to sell or purchase a specific stock or any other investment.  This report is not directed to, or intended for distribution or use by, any person or entity that is a citizen, resident or located in any municipality, state, country or other jurisdiction where the distribution, publication, availability, or use of this report is contrary to any governing law or regulation.  The securities discussed in this report may not be eligible for purchase and/or sale in certain jurisdictions or by particular individuals.  It is important that you check any and all governing laws and/or regulations that may be applicable in your jurisdiction.  Investing in securities of issuers organized outside of the United States, including ADRs, entail certain risks.  The securities of non-United States issuers may not be registered with, nor be subject to the reporting requirements of the United States Securities and Exchange Commission.  Please contact a Financial Advisor for professional advice regarding any and all securities investments.  This report is intended for informational purposes only. 

Share Share - Facebook Share - Twitter


Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.

Fatal error: Uncaught ErrorException: md5_file(/home/useaicwl/public_html/wp-content/litespeed/css/4c2b79e381d21c0b42e3afbddd22b4ce.css.tmp): failed to open stream: No such file or directory in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php:126 Stack trace: #0 [internal function]: litespeed_exception_handler(2, 'md5_file(/home/...', '/home/useaicwl/...', 126, Array) #1 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php(126): md5_file('/home/useaicwl/...') #2 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(797): LiteSpeed\Optimizer->serve('https://mushroo...', 'css', true, Array) #3 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(319): LiteSpeed\Optimize->_build_hash_url(Array) #4 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(252): LiteSpeed\Optimize->_optimize() #5 /home/useaicwl/public_html/wp-includes/class-wp-hook.php(310): LiteSpeed\Optimize->f in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php on line 126