LOVE: Back on Track with Q3 Financials

124 Views16 Jul 2026 02:00

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SUMMARY

Cannara reported record Q3/26 revenue of $31.8M (+16% YoY) and Adjusted EBITDA of $8.5M (+11% YoY), both ahead of our estimates, marking a rebound from the seasonally soft Q2.
Gross revenue reached a record $44.1M (+16% YoY), gross margin was 42%, and net income was $4.8M (+17% YoY).
Cannara activated two additional grow zones (14 of 24), lifting annualized capacity above 58,000kg, and entered into its first international supply agreement with Curaleaf (up to $21M) plus exclusive Canadian rights to Blue River’s Ampersand technology.

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