)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Nova Cannabis
Nova Cannabis (NOVC) investor relations material
Nova Cannabis has been delisted
Nova Cannabis Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary1 Aug, 2024
Executive summary
Achieved record Q2 2024 revenue of $69.2 million, up 8.1% year-over-year, driven by proprietary licensing sales, same-store growth in Ontario, and new Dutch Love store acquisitions.
Gross profit rose 14.8% to $16.8 million compared to Q2 2023; net earnings were $0.9 million versus $1.0 million last year.
Opened 100th Value Buds store post-quarter, expanding presence in Alberta, Saskatchewan, B.C., and Ontario.
Financial highlights
Proprietary licensing revenues increased by $1.1 million to $3.8 million year-over-year due to an updated agreement.
Cash provided by operating activities was $1.5 million, down from $2.6 million in Q2 2023, mainly due to lower non-cash working capital.
Cash and cash equivalents stood at $5.3 million as of August 1, 2024.
Adjusted earnings from operations for Q2 2024 were $2.2 million, slightly down from $2.6 million in Q2 2023.
Free cash flow for Q2 2024 was negative $3.3 million, compared to negative $0.8 million in Q2 2023.
Outlook and guidance
Plans to expand store footprint in prairie provinces, B.C., and Ontario, leveraging regulatory changes and M&A opportunities.
Focus on optimizing proprietary data licensing and enhancing retail fundamentals to drive margin and revenue growth.
Committed to launching new private label products and improving customer experience across channels.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Nova Cannabis
Nova Cannabis
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Nova Cannabis Inc. is a Canadian retailer focused on the sale of cannabis products and accessories. The company operates a network of retail stores under various banners, including Value Buds, offering a range of cannabis products such as dried flower, pre-rolls, oils, and edibles. Nova Cannabis caters to both recreational consumers and medical users, focusing on providing affordable options in compliance with government regulations. The company is headquartered in Calgary, Alberta, and its shares are listed on the TSX.