A Look at Profitability of 13 Top Cannabis Companies by Revenue

Each week, I begin the New Cannabis Ventures newsletter with some unique perspective. I wanted to share this week's intro, as it includes a graphic that I think everyone will find interesting.

A little more than a year ago, noting how quickly the publicly-traded cannabis stocks were beginning to track the real cannabis industry, we debuted the Public Cannabis Company Revenue Tracker, which is professionally managed by New Cannabis Ventures. Traders, investors and hedge funds alike have latched on to the data in this tracker to better understand the imbalance between cannabis companies operating within North America. With the completion of earnings season this week, we note that there are now 13 companies that generated US$10 million or more in their most recently reported quarter. Nine of these companies report in USD, while the other four report in CAD.

While we believe that revenue levels and growth rates are the primary metric investors are tracking in order to judge whether a company is even worth looking at to begin with, we expect the focus will start to include measures of profitability in 2019 as the industry continues to grow. Already we have noticed market participants doing a better job at no longer being misled by silly penny stock press releases, but instead starting to better evaluate and understand financial statements. For those who have been following us, you know we are excited about more diligent investors.

Among the thirteen companies below, we note that there are some extreme differences, even for those that are similar operationally. The large revenue producers include four different types of companies, including four Canadian licensed producers (LPs), six American multi-state operators (MSOs), two CBD from industrial hemp companies and one ancillary company.

We aren't going to weigh in on the individual companies ...

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A Look at Profitability of 13 Top Cannabis Companies by Revenue

Each week, I begin the New Cannabis Ventures newsletter with some unique perspective. I wanted to share this week's intro, as it includes a graphic that I think everyone will find interesting.

A little more than a year ago ...

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Comments

Stay On Top of Cannabis Stocks with the Monthly 420 Investor Newsletter

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As exciting as the sector may be, it's very difficult to ...

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Digipath: Operational Improvement, Low Market-Cap

Elevator Pitch

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MCIG CEO Disposed Of Shares And Failed To File Form 4

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Sell General Cannabis (OTC: CANN) to Avoid Potential 73% Decline

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Cannabis Stock Survey - Public

I posted a public survey from 9/23-9/26 and had 50 respondents:

Between now and November 8th, the date of the elections, which of these cannabis stocks has the potential to increase by more than 50%? These are the ...

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Lawsuit Reveals Alleged Mortgage Fraudster Llamas Runs Publicly-Traded MJNA

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420 Investor Canadian Cannabis Index

Effective 12/31, 420 Investor will be launching an index to track the publicly-traded Canadian MMPR LPs. Selection requires that the company hold a Health Canada license to grow (or invest in companies that hold licenses). The index, which will ...

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420 Investor Canadian Cannabis Index

Effective 12/31, 420 Investor will be launching an index to track the publicly-traded Canadian MMPR LPs. The index, which will have an initial value of 100, will be rebalanced monthly and will include 7 initial members:

  • Aphria (APH) - 18 ...
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420 Investor Provides Essential Information to Cannabis Investors

There is likely not a person on the planet following the publicly-traded cannabis stocks as closely as I do. Sometimes I wonder why I make the effort, as the sector is riddled with management teams that typically range from incompetent ...

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This site is by far the best out there if you are seriously interested in investing in cannabis. Alan is so tuned in and on top of the sector, the time and energy he puts in is easily worth the mon...
         
I very much like AB's hands-on and realistic approach. I am hoping to generate a paycheck from trading in the flying high portfolio.
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