Indiva (TSE:NDVA) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Indiva Limited, a leader in Canadian cannabis edibles, reported a slight year-over-year increase in gross revenue for Q1 2024 despite facing a seasonally weak quarter, with significant growth in core brands like Pearls gummies and No Future gummies. The company experienced a shift in its product lineup, successfully offsetting declines in Wana Sour Gummies revenue with a greater contribution from its own brands, resulting in over 30% of net revenue coming from Indiva-owned products. With a focus on innovation and a pipeline of new releases planned for mid-2024, Indiva is poised for sustained organic growth.
For further insights into TSE:NDVA stock, check out TipRanks’ Stock Analysis page.
