Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.013 profit in 3Q 2022) Third quarter 2023 results: CA$0.02 loss per share (down from CA$0.013 profit in 3Q 2022). Revenue: CA$322.1k (down 34% from 3Q 2022). Net loss: CA$492.6k (down 421% from profit in 3Q 2022). Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.018 profit in 1Q 2022) First quarter 2023 results: CA$0.05 loss per share (down from CA$0.018 profit in 1Q 2022). Revenue: CA$482.8k (down 23% from 1Q 2022). Net loss: CA$1.23m (down CA$1.43m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Annuncio • Jan 14
New Leaf Ventures Inc Announces Executive Appointments New Leaf Ventures Inc. announced that Jason Garnett will be joining New Leaf's board of directors and initially acting as Chief Strategy Officer, while Dean Medwid will take on the role of President and Chief Operating Officer. Mr. Garnett is a serial entrepreneur and corporate executive with many years of experience founding and leading consumer packaged goods and beverage companies in Canada and the United States, including Seattle's Best Coffee Canada (acquired by Starbucks Corp. in 2007), e-grocery platform Spud.ca (operated by Freshlocal Solutions Inc.) and premium craft licensed producer Experion Biotechnologies Inc. (acquired by TSX-listed The Valens Company Inc. in 2021). Over his nearly 30-year career, he has been recognized with numerous business awards and accolades, including Profit 100's Top 100 in Canada five years in a row, BC Business Top 30 Under 30 and Top 40 Under 40, as well as a finalist for Ernst & Young's Entrepreneur of the Year. Mr. Garnett currently serves as CEO and a director of CSE-listed Xebra Brands Ltd. Mr. Medwid is a dynamic senior operation executive with more than 30 years of experience in both public and private markets with a focus on scalable process engineering, brand development and strategic partnerships. He has been recognized with numerous business awards and accolades, including Profit 100's Top 100 in Canada five years in a row while a partner in Seattle's Best Coffee Canada, and was recognized as one of Business in Vancouver's Top 40 Under 40. Mr. Medwid has a demonstrated history of increasing corporate performance through the management of process design, customer relationships and strategic planning along with a focused initiative of data-driven change management. Mr. Medwid utilized these skills to help lead Altrom, a division of a large public company. He recently launched Fourth Dimension Bio-tech, a supplements company focused on manufacturing consumer products utilizing specific cannabis generated isolates to support daily health regimes. Annuncio • Jan 13
New Leaf Ventures Inc (CNSX:NLV) completed the acquisition of High Profile Holdings Corp. New Leaf Ventures Inc (CNSX:NLV) entered into letter of Intent to acquire High Profile Holdings Corp. on October 3, 2022. New Leaf Ventures Inc (CNSX:NLV) agreed to acquire High Profile Holdings Corp. for CAD 2.7 million on December 21, 2022. High Profile will be entitled to nominate one director for appointment to the New Leaf board of directors, subject to approval of the Canadian Securities Exchange. New Leaf will issue 0.052548929 of a common share (each whole share, a “Common Share”) for each issued and outstanding common share of High Profile, and the common shares of High Profile will be cancelled, resulting in the issuance of approximately 10,000,000 Common Shares as total transaction consideration. High Profile will amalgamate with a wholly-owned subsidiary of New Leaf under the Business Corporations Act (British Columbia) and the amalgamated entity will continue as a wholly-owned subsidiary of New Leaf under the name “High Profile Holdings Cannabis Corp.” The Common Shares issued to the former High Profile shareholders will be subject to a 24-month lock-up schedule, with 10% released from lock-up on closing of the Acquisition (“Closing”), 15% released six months from Closing, 20% released 12 months from Closing, 25% released 18 months from Closing and the remaining 30% released 24 months from Closing. Outstanding share purchase warrants of High Profile will remain outstanding on Closing and will remain exercisable to acquire Common Shares in accordance with their adjustment provisions. The Acquisition is subject to a number of conditions, including customary due diligence and the execution of a definitive agreement. Completion of the Acquisition is subject to shareholder approval for the Acquisition by the shareholders of High Profile, as well as receipt of regulatory approvals and other customary closing conditions. High Profile is expected to hold a shareholder meeting to seek approval for the Acquisition in early January, 2023.
New Leaf Ventures Inc (CNSX:NLV) completed the acquisition of High Profile Holdings Corp. on January 12, 2023. Jason Garnett will be joining New Leaf’s board of directors and initially acting as Chief Strategy Officer, while Dean Medwid will take on the role of President and Chief Operating Officer. Boris Gorodnitsky resigned. Annuncio • Dec 23
New Leaf Ventures Inc announced that it has received CAD 0.508495 million in funding On December 22, 2022, New Leaf Ventures Inc closed the transaction. The company amended the terms of the transaction. The company issued 5,084,950 units at CAD 0.10 per unit for gross proceeds of CAD 508,495. Each warrant will be exercisable to acquire one common share at a price of CAD .20 per share until Dec. 22, 2024. The company will pay a cash finder's fee of CAD 1,750 and issue 17,500 broker warrants, with each broker warrant exercisable to acquire one common share at the offering price until the expiry date. Annuncio • Dec 09
New Leaf Ventures Inc announced that it expects to receive CAD 1.5 million in funding New Leaf Ventures Inc announced a non-brokered private placement of 15,000,000 units at CAD 0.10 per unit for gross proceeds of up to CAD 1,500,000 on December 8, 2022. Each unit will consist of one common share and one transferable share purchase warrant with each warrant entitling the holder thereof to acquire one Common Share at a price of CAD 0.20 per share until twenty four months following closing of the transaction. The company may pay the finder's fees equal to 7% of the aggregate gross proceeds and non-transferable compensation options to purchase that number of common shares as is equal to 7% of the number of units sold in the transaction at an exercise price of CAD 0.10 per share exercisable for a period of twenty four months from closing. All securities issued pursuant to the transaction will be subject to a Canadian four-month hold period. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CA$489.5k (down 21% from 3Q 2021). Net income: CA$153.3k (up CA$1.05m from 3Q 2021). Profit margin: 31% (up from net loss in 3Q 2021). Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Chris Cooper is the most experienced director on the board, commencing their role in 2019. Independent Director Daryn Gordon was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Oct 04
New Leaf Ventures Inc (CNSX:NLV) entered into letter of Intent to acquire High Profile Holdings Corp. New Leaf Ventures Inc (CNSX:NLV) entered into letter of Intent to acquire High Profile Holdings Corp. on October 3, 2022. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CA$0.032 (vs CA$0.016 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.032 (up from CA$0.016 loss in 2Q 2021). Revenue: CA$629.5k (up 4.0% from 2Q 2021). Net income: CA$99.9k (up CA$899.6k from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability was primarily driven by lower expenses. Reported Earnings • Jun 03
First quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.04 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.004 (up from CA$0.04 loss in 1Q 2021). Revenue: CA$624.2k (flat on 1Q 2021). Net income: CA$209.7k (up CA$1.95m from 1Q 2021). Profit margin: 34% (up from net loss in 1Q 2021). Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Chris Cooper is the most experienced director on the board, commencing their role in 2019. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.017 loss per share (up from CA$0.018 loss in 3Q 2020). Revenue: CA$621.1k (down 18% from 3Q 2020). Net loss: CA$894.8k (loss widened 42% from 3Q 2020). Revenue was in line with analyst estimates. Recent Insider Transactions • Feb 25
Independent Director recently sold CA$75k worth of stock On the 19th of February, Donald Currie sold around 100k shares on-market at roughly CA$0.75 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$40k more than they bought in the last 12 months. Annuncio • Feb 18
New Leaf Ventures Launches DAMA HEMP CBD Branded Product Lineup New Leaf Ventures Inc. announced the launch of a new nation-wide CBD-only product line under its highly popular premier Dama Brand. The Company's flagship Dama Brand product team announced extensive plans for entry into the growing CBD
marketplace. The proposed lineup will feature herbal blend tinctures, soft gels, and topicals. These proposed high-quality hemp
products will benefit from a nation-wide rollout launching in First Quarter 2021. The new products will be marketed direct to consumer
through an e-commerce platform and concurrently wholesaled to multi-outlet grocery, and pharmacy retailers. With growing global consumer interest in the CBD market, particular emphasis on source-origin and attention to high grade cultivation and premium nutrient inputs are paramount to meet the criteria of well-informed health-conscious individuals. NLV brings decades of extensive cannabis industry knowledge to understand and choose the best formulations. The team's passion for the healing properties of the hemp plant brings great pride and excitement to supply consumers not only in Washington but across the entire United States. Annuncio • Feb 10
New Leaf Ventures Preps 2021 Expanded Product Lineup with Strategic Branding New Leaf Ventures Inc. (New Leaf, NLV or the Company) announced that in anticipation of new product roll outs at its New Leaf USA venture with brand license operator New Leaf Enterprises, the Company has commenced an ambitious strategy commencing with the engagement of a regional creative branding firm and implementation of significant operational developments. In preparation for the upcoming rollout of its new products, NLV recently engaged Fire Creative Branding of Seattle to design branding and packaging for several new lines of cannabis products including candies, beverages, and tinctures. Adding depth to this program is a co-promotional strategy which will allow acceleration of market share through alignment with complementary prestige brands. Another new candy brand under product development is Spaceballs offering unique soft sour centers with crunchy shells in a 10mg THC candy. Some of the first flavors offered in this product line will be Strawberry Margarita and Hawaiian Pog. NLV is also in the second round of tasting for three formulations of THC infused beverages developed in partnership with Schilling Cider. Current plans include the construction of an in-house aluminum can assembly and bottling line for production scalability. Beverage branding is also being developed with a very meticulous approach incorporating market research and focus groups to define specific target audiences in this growing category. Branding efforts are being contracted with Schillings as part of the overall brand development agreement. Subject to finalization of plans and construction efforts, New Leaf USA intends to launch in the Washington market in second quarter of 2021. Is New 90 Day High Low • Feb 05
New 90-day high: CA$0.36 The company is up 44% from its price of CA$0.25 on 06 November 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Pharmaceuticals industry, which is up 71% over the same period. Annuncio • Nov 11
New Leaf Ventures Inc Signs Agreement Propelling Entry into North American Cannabis Infused Beverage Sector New Leaf Ventures Inc. announced an agreement whereby its New Leaf USA venture operations with brand license operator New Leaf Enterprises has concluded an agreement with Washington state-based Schilling Hard Cider for the creation of proprietary formulations, brand and distribution strategies for a family of cannabis infused beverage products. A recent report collaboratively authored by IWSR Drinks Market Analysis and BDS Analytics, the data, intelligence and consumer research experts in the fields of beverage alcohol and cannabis respectively, has provided timely intelligence that notes millennial consumers represent 45% of dualists, which it says is a sobering statistic for alcohol companies who are trying to maintain sales in this important demographic. Looking more closely at consumer behavior; 68% of cannabis consumers also consume alcohol, while 43% of alcohol drinkers also consume cannabis. BDSA notes that trend data suggests Cannabis represents a long-term risk to alcohol sales that producers and retailers must address effectively and aggressively. This presents opportunities for craft beverage producers to gain a greater share of the consumer if they innovate and plan well. Since 2019 the media has reported a growing number of conventional beverage giants were already making significant investments in this expanding sector. New Leaf believes that the development of responsible casual beverage products could see parallel growth similar to alcohol consumption in a way that offers immense growth opportunity. Is New 90 Day High Low • Nov 07
New 90-day low: CA$0.25 The company is down 54% from its price of CA$0.54 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 24% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: CA$0.26 The company is down 35% from its price of CA$0.40 on 22 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: CA$0.39 The company is down 13% from its price of CA$0.45 on 03 July 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Pharmaceuticals industry, which is up 1.0% over the same period. Annuncio • Jul 31
New Leaf Ventures Inc completed the acquisition of New Leaf USA, Inc. New Leaf Ventures Inc entered into a share purchase agreement to acquire New Leaf USA, Inc. for $3.1 million on September 13, 2019. New Leaf Ventures will issue 9 million shares valued at $2.25 million and 4 million performance warrants valued at $0.84 million as consideration for the acquisition. 2 million performance warrants will vest and become exercisable if New Leaf USA or the License Holder achieves at least $5 million in annual gross revenue and 2 million performance warrants will vest and become exercisable if New Leaf USA or License Holder achieves at least $7.5 million in annual gross revenue. Prior to closing the acquisition the Share purchase agreement may be terminated by mutual agreement between New Leaf Ventures and New Leaf USA, or by one party if the other has breached a material term of the share purchase agreement that has not been waived by the other party. Post-acquisition New Leaf USA Entities will become wholly-owned subsidiaries of New Leaf Ventures Inc.
For the period ended September 30, 2019, New Leaf USA had total assets of $2. The transaction is subject to various conditions including New Leaf USA will enter into the Employment Agreements, pursuant to which Robert Colwell will be appointed to act as CEO of New Leaf USA, and Boris Gorodnitsky will be appointed to act as President of New Leaf USA, New Leaf Ventures will enter into an ancillary rights agreement with the Vendors, pursuant to which Boris Gorodnitsky and Robert Colwell will be entitled to be nominees for election to the board, and will be entitled to together select one additional nominee for election to the board and New Leaf Ventures obtaining a receipt for the final prospectus pursuant to NP 11-202 and the conditional approval of the Canadian Securities Exchange for the listing of the Common Shares and the relevant listing documents having been accepted for filing with the Canadian Securities Exchange.
New Leaf Ventures Inc completed the acquisition of New Leaf USA, Inc. on May 1, 2019.