Nova Cannabis Inc (TSE:NOVC) has released an update.
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Nova Cannabis Inc. has reported a record year with sustained growth, achieving its highest annual revenue and Adjusted EBITDA, alongside positive net earnings for the third consecutive quarter. The company’s financial success is attributed to effective inventory management and strategic data agreements, leading to strong cash flow. Despite a competitive market, Nova Cannabis Inc. aims to expand cautiously, targeting opportunities in British Columbia and Ontario.
For further insights into TSE:NOVC stock, check out TipRanks’ Stock Analysis page.