Top edible company in Canada in terms of market share - With 45% share of sales in the third quarter, Indiva continues to hold its lead in the #1 market share position in the edibles category
- Insider buying at .29 and .32 https://ceo.ca/api/sedi?insider=Marotta%2C%20John%20A.
- New licensing and manufacturing deal with Grn, which will be an amazing seller in my opinion due to low gummy price with good margins
- Record gross profit margins in the third quarter of 2021, and positive adjusted EBITDA for the second consecutive quarter. With Q4 coming out soon, I am hoping for similar results
- First positive earnings cannabis company in Canada
- StoneCastle Investment Management holds Indiva in their Cannabis Growth Fund (8.51% of their portfolio) see details here -> https://spartanfunds.ca/wp-content/uploads/2021/11/StoneCastle-Oct21.pdf Bruce Campbell, the founder of the fund had some great words about $NDVA on BNNs Market Call last week - see here https://youtu.be/dl5ha3wkqJ8
- The Company expects gross margins to continue to improve in the fourth quarter of 2021 and into 2022, due to improved operating efficiencies from increased output, with diminishing benefit from lower distillate costs
- In Q4 2021 and Q1 2022, Indiva will launch several new SKUs including new Wana gummy and Wana Quick SKUs, as well as chewable fruit tablets called "Jewels". Indiva also expects to continue to introduce additional craft cannabis flower SKUs under the Artisan Batch brand. Artisan Batch brings Canadians the best dry flower from craft growers with special attention paid to high THC potency, robust terpene content, premium large buds and fres
- Raymond James calls Indiva undervalued, $1.75 price target https://thedeepdive.ca/raymond-james-calls-indiva-75-undervalued-gives-243-upside-target/
- Investor Deck https://www.indiva.com/investors/presentation/
GLTA!