Nova Cannabis Inc. (T:NOVC)
Business Focus: Cannabis Product Retailers
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for NOVC within the last 6 months
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Company News
Apr 01, 2024 19:29 ET
SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility
This news release constitutes a "designated news release" for the purposes of the prospectus supplement of Nova Cannabis Inc. dated July 22, 2022, to its short form base shelf prospectus dated June 27, 2022.
Apr 01, 2024 19:29 ET
SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility
This news release constitutes a "designated news release" for the purposes of the prospectus supplement of Nova Cannabis Inc. dated July 22, 2022, to its short form base shelf prospectus dated June 27, 2022.
Valuation Ratios
Industry
Sector
Beta
-0.74
--
--
Price to Sales - TTM
0.36
3.92
2.98
Price to Book - most recent quarter
1.82
3.35
2.05
Price to Cash Flow per share - TTM
6.43
13.13
10.63
Price to Free Cash Flow per share - TTM
9.88
18.88
14.81
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 1,625 | -1,111 |
| Mar 31, 2024 | 2,736 | 1,643 |
| Mar 15, 2024 | 1,093 | -367 |
Business Summary
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
Nova Cannabis Inc. is a Canada-based cannabis retailer. The Company's principal activity is the operation of retail cannabis stores in Canada. It is focused on disrupting the cannabis retail market by offering a wide range of high-quality cannabis products. The Company operates under the brand name Value Buds and Firesale Cannabis for its cannabis retail locations in Alberta and Ontario, and under the brand name Sweet Tree Cannabis Co. for its retail location in Saskatchewan. The Company owns and/or operates approximately 92 locations across Alberta, Ontario, and Saskatchewan, primarily under its Value Buds banner. Its Value Buds banner offers discount prices on a wide selection of cannabis products from value to premium. Value Buds is a high-value recreational cannabis brand.
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