Cannabis Stock Earnings Primer – May 7th to 9th 2024

May 7, 2024 admin Cannabis Stocks 0

The TDR Three Key Takeaways regarding US Cannabis Stocks and REITs earnings:

  1. We outline the schedule for upcoming cannabis stock earnings reports and conference calls.
  2. For cannabis stock earnings, we will focus on revenue, debt, cash, and gross margin changes over the last quarter and year. 
  3. Join the TDR Live Streams to get Anthony and Shadd’s take on the cannabis stock earning reports.

We will have an extremely busy rest of the week with cannabis stock earnings reports for US cannabis-focused companies and REITS. Here, we share a guide of who is reporting, when, what we are looking at and keeping track of, and why. 

First, we are going to share with our readers who are reporting when the release comes out and then when and how investors can join the conference calls:

Company US Ticker Earnings Date Earnings Time Conference Call Date Conference Call Time Conference Call Link
Ascend Wellness AAWH May 7th Pre Market May 7th 8:30 EST Link
Chicago Atlantic REFI May 7th Pre Market May 7th 9:00 EST Link
Verano VRNOF May 8th Pre Market May 8th 8:30 EST Link
Village Farms VFF May 8th Pre Market May 8th 8:30 EST Link
Green Thumb GTBIF May 8th Post Market May 8th 17:00 EST Link
IIPR IIPR May 8th Post Market May 9th 13:00 EST Link
MariMed MRMD May 8th Post Market May 9th 8:00 EST Link
The Cannabist CBSTF May 9th Pre Market May 9th 8:00 EST Link
Trulieve TCNNF May 9th Pre Market May 9th 8:30 EST Link
SNDL SNDL May 9th Pre Market May 9th 10:30 EST Link
NewLake NCLP May 9th Pre Market May 9th 11:00 EST Link
Curaleaf CURLF May 9th Post Market May 9th 5:00 EST Link
TerrAscend TSNDF May 9th Post Market May 9th 17:00 EST Link
Jushi JUSHF May 9th Post Market May 9th 16:30 EST Link

Here is our plan for analyzing each company’s earnings and reporting to our followers. 

We have an extra TDR Trade to Black Live Stream booked and live shows on Tuesday, Wednesday, Thursday, and Friday. Anthony and Shadd will break down each company’s earnings report.

We will write an editorial summarizing our findings on the company’s earnings. We have chosen to focus on the following key metrics for Cannabis Stock Earnings:

  1. Reviewing the last twelve months, revenue growth quarter over quarter and year over year. Revenue growth is an essential metric for investors because it provides insights into a company’s operational efficiency and the market demand for its products or services. Consistent, strong revenue growth suggests a company’s potential for sustainable expansion and profitability, serving as a critical factor in investment decisions for Cannabis Stock Earnings.
  2. We will examine the company’s cash balances to determine its liquidity position. Examining a company’s cash balances is crucial as it shows its ability to cover short-term liabilities and invest in opportunities without relying heavily on external financing. A strong cash position indicates a company’s good financial health and operational stability.
  3. We will then consider the company’s debt levels to see if they have increased over the last quarter or twelve months. Analyzing changes in a company’s debt levels is crucial because it provides insights into its financial strategy and risk profile. Decreased debt indicates improved financial health and prudent management, enhancing investor confidence. Conversely, increasing debt levels may signal higher financial risk, potentially impacting investor perception and the company’s valuation.
  4. We will then focus on Gross Margin Profit and whether it is growing or declining, looking back quarter by quarter and one year. Focusing on Gross Margin Profit is vital because it reflects the financial health of a company’s core business without the influence of administrative costs or taxes. An increasing gross margin indicates better cost control and potentially higher profitability, which can be a positive signal to investors. Conversely, a declining gross margin might suggest rising costs or pricing pressures, which could concern future earnings.

In addition to formal editorial, ensure you catch Anthony and Shadd’s take live on the TDR Trade to Black Podcast. We will also start rolling out formal research reports on US Cannabis companies. Let us know which companies you would like to see first. 

Bill (William McNarland, CFA) has over 25 years of experience in complementary areas of the capital markets, encompassing private equity and credit due diligence, economic and stock research and corporate finance. He has served on the boards of six different companies and has fulfilled roles as a Trustee and member of the Investment Review Committee for regulated investment funds. Having completed nine degrees and designations, with a notable distinction as a Chartered Financial Analyst, Bill is currently advancing his academic pursuits with a Master’s in Psychology. Furthermore, he is a published author of seven books, all of which are available on Amazon.

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