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 • Sep 04
Second quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.008 profit in 2Q 2022) Second quarter 2023 results: CA$0.02 loss per share (down from CA$0.008 profit in 2Q 2022). Revenue: CA$396.3k (down 37% from 2Q 2022). Net loss: CA$442.2k (down CA$542.0k from profit in 2Q 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). 공시 • 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. 공시 • 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. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.087 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.02 (up from CA$0.087 loss in 3Q 2021). 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. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CA$0.002 (vs CA$0.016 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.002 (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. Board Change • Apr 28
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. Board Change • Oct 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Don Currie is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.