Nova Cannabis Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 67.73 million compared to CAD 58.91 million a year ago. Net income was CAD 2.1 million compared to net loss of CAD 1.54 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago.
For the nine months, sales was CAD 191.94 million compared to CAD 165.04 million a year ago. Net income was CAD 2.59 million compared to net loss of CAD 6.44 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to basic loss per share from continuing operations of CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to diluted loss per share from continuing operations of CAD 0.11 a year ago.