Infographic: A Current Timeline of the Cannabis Sector's Q1 Earnings Season

Stephen L Kanaval  |

It is earnings season in the cannabis sector. Already, there have been some impressive numbers and some disappointments. If the sector as a whole has any true blue-chip companies is what Wall Street will be looking for this month. There are still some big shoes to drop this week like Aurora Cannabis  (ACB)and Tilray  (TLRY).

Keep in mind, as the industry goes legitimate, earnings have been complicated and messy. One reason is sheer man-power as Canada has only one auditor, MNP, that will currently work with cannabis companies. This has created a bottleneck across the industry.

Furthermore, cannabis companies have issued embarrassingly late earnings like Canopy Growth Corp.  (CGC)- who released earnings at 8:30pm EST - and many other companies who released gross figures rather than full earnings.

One last thing to consider, if this earnings season is a total slog and the bottleneck continues along with falling stock prices, companies we are expecting to go public might change their mind.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
GWPHV GW Pharmaceuticals Plc n/a n/a n/a 0 Trade
KSHB KushCo Holdings Inc - Ordinary Shares 4.80 0.16 3.45 192,507
CGC Canopy Growth Corporation 44.42 -0.14 -0.31 2,228,169 Trade
CVSI CV Sciences Inc. 4.90 0.37 8.07 1,685,417
CRON Cronos Group Inc. 15.38 0.01 0.07 3,621,656 Trade
TLRY Tilray Inc. 43.88 -0.91 -2.03 737,960 Trade
CWBHF Charlottes Web Holdings Inc 14.45 -0.12 -0.84 301,564
GTBIF Green Thumb Industries Inc 11.79 0.19 1.63 90,077
MMNFF MedMen Enterprises Inc - Ordinary Shares - Class B (Sub Voting) 2.19 -0.04 -1.58 875,773
TCNNF Trulieve Cannabis Corp 12.24 0.22 1.81 91,019
CURLF Curaleaf Holdings Inc 9.10 0.34 3.88 484,892
CRLBF Cresco Labs Inc 10.77 -0.31 -2.80 209,365
ACB Aurora Cannabis Inc. 8.31 0.06 0.73 7,483,887 Trade
MEDIF Medipharm Labs Corp - Ordinary Shares 4.77 -0.03 -0.52 201,348
GNLN Greenlane Holdings Inc. 15.21 0.04 0.26 74,476 Trade
CCHW:AQN COLUMBIA CARE INC. 8.85 0.00 0.00 1,000

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