The cannabis stocks we’ve weeded out have released revenue forecasts for 2019, giving investors an outlook that many of its cannabis counterparts have yet to provide
SmallCapPower | January 8, 2019: Acreage Holdings and Organigram are some of the few cannabis companies to release 2019 revenue guidance. Given the early stage of the cannabis industry, companies often do not provide revenue & EBITDA outlooks, likely due to speculation. The cannabis stocks on our list have provided revenue estimates for 2019, which give investors and analysts an expectation to follow.
*Share prices as at close January 7, 2019
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Acreage Holdings, Inc. (CSE:ACRG.U) – $24.29
Cannabis
Founded in New York, New York, Acreage Holdings is an investment firm that specializes in the cannabis industry. Currently, the Company’s portfolio has the most diverse holdings in the cannabis industry, including cultivation, processing and dispensing operations. With strong partnerships amongst physicians, medical researchers, and regulators, the Company is focused on further expanding its position in the industry by increasing its footprint and efforts to introduce safe, quality cannabis to the market. Using aggressive and well-developed strategies, Acreage is one of the few companies forecasting revenues for the upcoming fiscal year.
Management FY2019 Estimated Revenue: US$292 million
- Market Cap: $519 million
- 7-Day Total Return: 6.2%
- 1-Month Total Return: 26.03%
Organigram Holdings Inc. (TSXV:OGI) – $5.65
Cannabis
Organigram is a Canada-based company that focuses on providing patients across the country with safe, quality cannabis products. Founded in 2013, the Company works alongside healthcare providers and conducts research to provide quality products. The Company has increased its capacity to 36,000kg/year, and is expecting a 113,000kg/year production increase by October 2019. Signing two Memorandums of Understanding with Prince Edward Island and New Brunswick for the supply recreational cannabis, OGI is leading the Atlantic, placing itself ahead of Aphria (TSX:APHA), Aurora Cannabis (TSX:ACB), and Canopy Growth (TSX:WEED). The Company reported record net sales of $12.4 million for the 2018 fiscal year and has estimated that Q1 sales in fiscal 2019 will exceed the entire 2018 fiscal year sales.
Management FY2019 Estimated Revenue: Q1 Fiscal 2019 sales will exceed fiscal 2018 sales
- Market Cap: $744.9 million
- 7-Day Total Return: +24.3%
- 1-Month Total Return: +34.1%
KushCo Holdings, Inc. (OTCPK:KSHB) – $6.01
Cannabis
Founded in 2010, KushCo Holdings is a wholesale distributor of specialized packaging solutions to the cannabis industry. Operating in the United States, Canada, and internationally, the Company offers a variety of products such as pop-top bottles, vaporizer cartridges and heating technologies, and hydrocarbon gases. These products are used by medical and recreational cannabis dispensaries, urban farmers, and green house growers. KushCo went public in 2016 and since then has seen tremendous growth, with an addressable market of greater than $1B in annual revenue. The Company forecasts an estimated net revenue for the 2019 fiscal year (ending August 31) of US$155 million.
Management FY2019 Estimated Revenue: US$155 million
- Market Cap: $472.1 million
- 7-Day Total Return: 10.3%
- 1-Month Total Return: 1.3%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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