Nova Cannabis (TSE:NOVC) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Nova Cannabis Inc. reported a record second quarter revenue of $69.2 million, marking an 8.1% increase compared to the same period last year, driven by proprietary licensing sales and expansion into new markets. The company also noted a gross profit increase to 24% and the opening of its 100th Value Buds store, indicating continued growth and market penetration.
For further insights into TSE:NOVC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue