Earnings

Canada's largest pot producer saw its shares fall 7.6 per cent Friday as analysts expected its Q4 operating expenses of $242.9 million to be much lower.

Provincial and federal governments earned $186 million in total cannabis-related tax revenue in the first five-and-a-half months following legalization, according to new Statistics Canada data.

The Quebec-based cannabis company also announced its U.S. CBD expansion plans for 2020, and it secured a medical marijuana license in Greece.

Planet 13 operates the world's largest cannabis retail shop on the Las Vegas Strip, and the "SuperStore" banked $5 million in sales each month over the quarter.

Over the past 12 months, MedMen's share price has declined more than 30%.

The Massachusetts-based company posted revenues of $35.3 million, a 10 per cent improvement over last quarter and nearly four times the $9.1 million sales it generated a year ago.

The Florida-based cannabis firm has dozens of medical dispensaries in the company's home state, which continues to drive its revenues.

While earnings growth cooled off, the company's retail footprint expanded and helped generate more than half of its US$21.7 million net sales.

But the Edmonton-based licensed cannabis retailer saw a net loss of $38 million on the year due to expansion of stores in Ontario and Saskatchewan.

Privatization allows companies to take on the risk leaving the government on the sidelines to collect taxes and add oversight.

Planet 13 Holdings Inc. (CSE:PLTH) released its year-end results on Tuesday and it also provided an update on the performance of its SuperStore.

Origin House Records Big $6.2 Million Loss Despite Impressive Sales Growth of Over 630%

Pot stocks are still in their early growth stages. And while sales are high, so too are expenses, which is not a good recipe for financial statements. Many companies are bleeding cash and are nowhere near profitability. However, that hasn't stopped the hype from carrying stocks to sky-high valuations and investors from getting into a frenzy about the growth prospects for the industry.

Delta 9 Cannabis (TSX-V:NINE) reported its quarterly earnings late Monday night. Revenues of $5.27 million for the quarter were 17 times the total that The Company recorded a year ago of just $302,284. Not only did Delta 9 show significant sales growth from last year, but even from Q3, which didn't include a full quarter of recreational sales. Revenues were more than quadruple the $1.25 million that was generated in the previous quarter. There was tremendous growth in Delta 9's top line that's sure to continue as we see the industry continue to grow.

CannTrust Holdings Inc (NYSE:CTST)(TSX:TRST) released an update on Monday on how The Company did during its most recent quarter, which ended March 31.

National Access Cannabis Corp (NAC) (TSX-V:META) released its second-quarter results on Tuesday. Sales for the company's first full quarter where the recreational market was open were significant, coming in at over $16.2 million. In the previous quarter, sales were $3.8 million for the three months ending November 30.

MedMen Enterprises Inc (CSE:MMEN) announces preliminary results for Q3 which included sales up until March 30.

OrganiGram Holdings Inc (TSX-V:OGI) released its Q2 results on Monday. Net revenues of $26.9 million were about eight times the sales that The Company generated a year ago, which totalled just $3.4 million. However, despite the incredible sales growth, OrganiGram's bottom line finished in the red with a loss of $6.4 million compared to a profit of $1.2 million in the prior year.

Aphria Inc (TSX:APHA)(NYSE:APHA) released its third-quarter results on Monday, showing significant growth for the quarter. For the period ending February 28, which included a full three months of the recreational market, net revenues reached just under $74 million. That's an increase of 617% from the prior year when sales were just $10 million.

Trulieve Cannabis Corp (CSE:TRUL) released its fourth-quarter earnings on Wednesday, with sales for the quarter totalling more than $35.9 million, increasing by 172% year over year. For all of 2018, its sales were $103 million - five times what Trulieve recorded in 2017.

Profits have been very elusive for the cannabis industry, but Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) is looking to change that. The big marijuana company is looking to tighten up its ship as it looks to find itself on the right side of breakeven. In an interview with BNN Bloomberg, Aurora Chairman Michael Singer reportedly said that his company is "primed to become profitable this quarter."

Last week, Charlotte's Web Holdings, Inc. (CSE:CWEB)(OTCQX:CWBHF) released its year-end results, which continued to show a lot of growth. The Company's sales reached $21.5 million for the three months ending December 31. This is an increase in Charlotte's Web's top line by more than 70% from the previous year.

High Tide Inc. (CSE:HITI) released its first-quarter results on Monday which showed significant growth from where The Company was a year ago.

CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) released its fourth-quarter earnings results on Thursday, which fell short of investor expectations as the stock proceeded to fall off a cliff following the news. With the stock down around 20% since it released its results, lets take a look at why the quarter was so bad.

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) released its full-year results this past week as it is the latest Canadian cannabis company to reveal how it has performed since legalization.

Tilray, Inc (NASDAQ:TLRY) released its Q4 and full-year results on Monday. Here's a look at how it performed.

Hexo Corp (TSX:HEXO) released its Q2 earnings this week in what the first full quarter of recreational sales. It was the first big test of the recreational market and it was definitely a big success. Sales of over $16 million dwarfed the $1 million in revenue that Hexo had earned a year ago. Even after excise, net revenues were still north of $13 million.

MedMen Enterprises Inc (CSE:MMEN) released its year-end results at the end of February and while sales were good, it was still nowhere near profitable. During the second quarter, The Company recorded sales of nearly $30 million, which is almost 10 times the amount that it posted a year ago. For the past six months, revenues reached $51 million compared to $5 million in 2017.

Canopy Growth Corp. released its third-quarter results last week which showed the big pot producer selling more than 10,000 kilograms during the period. Here's a closer look at their financials to see just how well the big pot producer did during the quarter.

Aurora Cannabis Inc. released its quarterly results on Monday, and there was certainly a lot of red on them. Here's a quick breakdown.