Nova Cannabis (TSE:NOVC) has released an update.
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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.