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Cannara Biotech Inc (LOVE)

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0.8400 -0.0100 -1.18%

12:28:00 - Closed. Currency in CAD ( Disclaimer )

Volume: 3,500
Bid/Ask: 0.8200 / 0.8700
Day's Range: 0.8400 - 0.8400

Type: Equity

Market: Canada

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LOVE Financial Summary

A brief financial summary of Cannara Biotech Inc as well as the most significant critical numbers from each of its financial reports. In addition, some financial ratios derived from these reports are featured. Users can opt to see 4 periods of either annual or quarterly information.

Cannara Biotech Inc. reported earnings results for the third quarter and nine months ended May 31, 2023. For the third quarter, the company reported sales was CAD 0.896054 million compared to CAD 0.827187 million a year ago. Revenue was CAD 15.94 million compared to CAD 10.06 million a year ago. Net income was CAD 2.93 million compared to CAD 1.43 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to CAD 0.01 a year ago.For the nine months, sales was CAD 2.66 million compared to CAD 2.55 million a year ago. Revenue was CAD 39.28 million compared to CAD 24.05 million a year ago. Net income was CAD 2.31 million compared to net loss of CAD 0.248025 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.

Annual Quarterly

InvestingPro

Advanced Financial Summary

TTM = Trailing Twelve Months

MRQ = Most Recent Quarter

LOVE Income Statement

Gross margin TTM 46.11%

Operating margin TTM 21.06%

Net Profit margin TTM 13.62%

Return on Investment TTM 9.67%

Total Revenue Net Income

Period Ending:	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022
Total Revenue	17.98	15.94	13.04	10.31
Gross Profit	9.54	8.59	4.26	4.83
Operating Income	5.6	4.28	0.669	1.17
Net Income		2.93	-0.618	0.003

LOVE Balance Sheet

Quick Ratio MRQ 0.56

Current Ratio MRQ 2.37

LT Debt to Equity MRQ 48.15%

Total Debt to Equity MRQ 59.44%

Total Assets Total Liabilities

Period Ending:	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022
Total Assets		135.37	129.15	125.43
Total Liabilities		60.4	57.37	58.14
Total Equity		74.98	71.77	67.28

LOVE Cash Flow Statement

Cash Flow/Share TTM 0.07

Revenue/Share TTM 0.74

Operating Cash Flow -

Cash Net Change in Cash

Period Ending:	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022
Period Length:	0 Months	0 Months	0 Months	0 Months
Cash From Operating Activities		2.53	0.377	-0.315
Cash From Investing Activities		-2.54	-1.57	-3.74
Cash From Financing Activities		-0.108	-1.41	-1.23
Net Change in Cash		-0.113	-2.62	-5.36

* In Millions of CAD (except for per share items)

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View advanced insights on financial statements, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance.

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Pascal Duc Feb 28, 2023 10:34

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Oh boy.I warned these management losers againt consolidation. They are not working for us. They are working for their own pockets.

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Pascal Duc Jan 06, 2023 11:03

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Vote NO for consolidation.History will repeat itself.Only gives more room to drop more

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Pascal Duc Mar 11, 2021 15:18

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TSX here we come

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Louie Mar Jan 17, 2021 11:41

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set to move forward time to get on board for the ride going to triple

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Brian Matthews Jan 08, 2021 9:38

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just got their sales license from health Canada 🇨🇦

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Marc Pageau Oct 08, 2020 10:27

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this fall hopefully!

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Mathieu Mamarbachi Oct 07, 2020 14:12

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When are they getting their license

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Pascal Duc Jul 28, 2020 11:29

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Almost profitable and has yet to get revenues from harvest. Next quarter should be interesting

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Bryan Johnson Apr 19, 2020 14:29

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1st harvest in two weeks

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Bryan Johnson Feb 05, 2020 11:25

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planting has begun

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