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Cannara Biotech Reports 51% YoY Revenue Increase In Q2, Wider Net Loss
Wednesday, May 1, 2024 - 3:45pm | 621Cannara Biotech Inc. (TSXV:LOVE) (OTCQB:LOVFF) (FRA: 8CB0) announced its fiscal second quarter 2024 financial and operating results for the three and six-month periods ended Feb. 29, 2024. The company reported a 68% year-over-year increase in revenues for the first half of fiscal 2024, a metrics...
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Cannara Biotech Secures An Additional $10M In Non-Dilutive Capital With Its Lead Credit Provider, BMO Commercial Banking
Thursday, May 4, 2023 - 10:15am | 439Cannara Biotech Inc. (OTCQB: LOVFF) (TSXV:LOVE) (FRA:8CB) has raised an additional $10 million of credit facilities from its lead bank, BMO Commercial Banking via a $5 million increase in its term loan facility and a $5 million increase in its revolving line of credit. Under the terms of the...
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Cannara Biotech Q1 Revenue Grows 57% YoY To $7.7M, What About Adjusted EBITDA?
Monday, January 23, 2023 - 9:59am | 647Cannara Biotech Inc. (OTCQB: LOVFF) (TSXV:LOVE) (FRA: 8CB) released its fiscal first quarter 2023 financial results for the three-month period ended November 30, 2022, revealing revenue of CA$10.3 million ($7.7 million), an 57% increase compared to Q1 2022. Q1 2023 Financial Highlights Gross...
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Cannara Biotech Enters Into The British Columbia Cannabis Market And Launches New Products
Tuesday, September 20, 2022 - 10:02am | 468Cannara Biotech Inc. (OTCQB: LOVFF) (TSXV:LOVE) (FRA:8CB), a Quebec-based, vertically integrated producer of cannabis and derivative product offerings, entered into the British Columbia (BC) market. In addition, the company launched two product offerings in the vape and accessory categories. "...
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Cannara Biotech Closes $50 Million Credit Facility Led By BMO Commercial Banking
Thursday, June 2, 2022 - 9:00am | 459Cannara Biotech Inc. (OTCQB: LOVFF) (TSXV:LOVE) (FRA:8CB) has closed on a $50M credit facility led by BMO Commercial Banking. The credit facility, effective May 31, 2022, includes a three-year term loan for $45 million with an accordion for up to an additional $10 million and a $5 million line of...