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Cannara Biotech (LOVE) investor relations material
Cannara Biotech Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Market position and growth
Ranked as Canada's fastest-growing top-10 licensed producer, with presence in 8 out of 10 provinces and 94% of retail stores.
Achieved #1 retail market share in Quebec and #6 nationally, with 3% of national retail listings.
Delivered the strongest quarter-over-quarter growth in national retail sales among top 10 LPs, up 3% in Q1 FY2026.
National retail penetration reached 3% in January 2026, with Quebec market share at 14.2%.
Category-leading branded portfolio with multiple #1 product rankings in Canada.
Financial performance
Q1 2026 gross revenue was $42.8M, up 19% year-over-year; total revenue reached $30.1M, up 20%.
Gross profit before fair value adjustments grew 38% YoY to $13.5M, with a gross margin of 45%.
Adjusted EBITDA rose 47% YoY to $8.8M, with a margin of 29%.
Net income for Q1 2026 was $1.0M; operating cash flow was $8.0M, up 36% YoY.
Free cash flow for Q1 2026 was $3.3M, with positive adjusted EBITDA since FY'21 and positive net income since FY'22.
Assets and production capacity
Operates two Quebec-based mega facilities: Valleyfield (1M sq. ft., 24 grow rooms) and Farnham (605,000 sq. ft., 11 grow rooms).
Current annualized production is 50,000 kg, with capacity to scale to 100,000 kg.
Valleyfield expansion includes a $10M CAPEX for post-harvest processing, enabling activation of 12 additional grow zones.
Farnham generates over $3.8M in annual rental revenues from unoccupied space.
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