Cordovacann Stock Price, News & Analysis

CordovaCann Corp. (CSE:CDVA, OTCQB:LVRLF) has opened its 11th Star Buds Cannabis Co. store in Barrie, Ontario, marking its seventh retail location in the province. The store is now open for walk-in customers and accepts online orders for in-store pickup. The grand opening event is scheduled for October 1, 2021. CordovaCann continues its expansion strategy, with two more stores set to launch within the next 30 days and an additional four before year-end. The company aims to establish Star Buds as a national brand across Canada.

CordovaCann Corp. (OTCQB:LVRLF) has launched its tenth Star Buds Cannabis Co. retail store in Winnipeg, Manitoba, marking its third store in the province. Located at 1566 Pembina Highway, the store opens for walk-ins and online orders. A grand opening is set for October 1, 2021. The company plans to continue expanding its store network across Canada and anticipates a record month for its retail chain this September, signaling strong demand and growth potential in the cannabis sector.

CordovaCann Corp. announced record retail revenues from its Star Buds Cannabis Co. stores in Canada for August, reaching $1.23 million with a gross margin of 28.4%.

This results in an annual revenue run rate of $14.8 million. More than half of the nine stores reported their highest monthly revenues to date. The company plans to open five new stores within 60 days and is considering acquisitions to support further growth.

CordovaCann Corp. has opened its 9th Star Buds Cannabis Co. store in Angus, Ontario, expanding its retail presence in Canada. This store, operated by Cordova's subsidiary, started accepting walk-ins and online orders on August 27, 2021, with a grand opening planned for August 31. The company anticipates further store openings soon, contributing positively to its revenue and cash flow. CEO Taz Turner expressed optimism about the brand's growth and performance, indicating August could be a record month for the chain.

CordovaCann Corp. (OTCQB:LVRLF) has opened its eighth Star Buds Cannabis Co. store in South Wasaga Beach, Ontario, marking its fifth location in the province. The store began processing online orders and will officially open on August 20, 2021. CordovaCann is also announcing the successful closure of a non-brokered private placement financing, issuing 3,379,379 units at $0.30 each, generating gross proceeds of $1,013,814. Funds will be used for inventory, capital expenditures, and general corporate purposes as the company aims to expand its retail presence across Canada.

CordovaCann Corp. (OTCQB:LVRLF) reported record retail revenues for its Star Buds stores in June and July, achieving $1.2 million in July with a 28.7% gross margin. Revenue grew 13% over June, indicating strong recovery post-lockdowns. With plans to open 10 new stores by year-end, including the first in British Columbia, the company aims to expand its footprint across Canada. Despite industry slowdowns, Star Buds has outperformed expectations, reflecting strong operational management and customer demand.

CordovaCann Corp. has provided an update on its Cannabilt Farms operation, indicating it will reach maximum cultivation capacity by the end of 2021. The company has sold its Oregon property for US $2.2 million and entered a ten-year lease, with the first three months rent-free. This sale will help retire debts and finance expansion, allowing for up to 10,000 sq. ft. of indoor cultivation. The expected buildout will include a 14,000 sq. ft. extraction facility, enhancing product offerings and profitability.

CordovaCann Corp. (CSE:CDVA, OTCQB:LVRLF) announced its seventh Star Buds cannabis retail store will open on June 30, 2021, in Winnipeg. The company's six existing stores generated $1.04 million in May, marking the second consecutive month above $1 million. With a 28.6% gross margin, the annual revenue run rate is estimated at $12.5 million. CordovaCann plans to expand further with an additional 11 stores expected to open in the next six months, increasing their presence across Canada.

CordovaCann Corp. reported that its Star Buds retail chain achieved over $1 million in revenues for April 2021, with a gross margin of 30%. This marks a significant monthly performance, eclipsing previous records and resulting in a projected annual revenue run rate of $12.5 million. The company is advancing six additional stores toward licensing, expecting to expand to a total of 16 stores across Canada within six months. Management anticipates improved revenues and profitability as pandemic restrictions ease and summer sales strengthen.