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Sunday, Mar 26, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Value Buds’ low-cost model spikes sales for Nova Cannabis

Nova’s sales jumped 61% in the most recent fiscal quarter

Value Buds brings in profits from selling cannabis at low prices
Value Buds has been getting popularity for selling legal weed for lower prices than the average cannabis store. Screenshot by Natalia Buendia Calvillo
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22 stores have been on strike since May 20


The company says its lower revenue was caused by lower bulk sales as well as the B.C. strike and OCS cyberattack


Net loss for Q4 was $618.8 million which was due to non-cash impairment charges of $505.1 million


Of the 28 stores represented by the Confédération des syndicats nationaux, 22 have been on strike since May 20