The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$5.0 million per quarter. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC or SEDAR to be considered for inclusion. Please note that we raised the minimum quarterly revenue in May from US$2.5 million.

As a result of our raising the minimum cannabis-related revenue for consideration, 31 companies currently qualify for inclusion, with 19 filing in U.S dollars and 12 in the Canadian currency. Since our last report in mid-April, we have added TILT Holdings (CSE: TILT) (OTC: SVVTF) and Vireo Health (CSE: VREO) (OTC: VREOF), both of which report in U.S. dollars. With the upcoming filing season, we expect some companies that dropped off could rejoin, and we continue to see new companies go public, like Greenlane (NASDAQ: GNLN), which we expect to include once quarterly information is available.

Several of the largest companies reported in the back half of April, and we have noted the additions as well. One trend we have observed is that most of the companies are now providing pro forma revenue as well, which is an attempt to more accurately portray the operations by taking into account the results of closed and pending acquisitions as the multi-state operator (MSO) space rapidly consolidates. Our rankings include only actual reported revenue.

U.S Dollar Reporting – Public Cannabis Company Revenue Tracker

May will be quite busy, with many companies filing quarterly reports, including, among the largest revenue-generators, Trulieve (CSE: TRUL) (OTC: TCNNF), Curaleaf (CSE: CURA) (OTC: CURLF), MedMen Enterprises (CSE: MMEN) (OTC: MMNFF), Charlotte’s Web (CSE: CWEB) (OTC: CWBHF), Green Thumb Industries (CSE: GTII) (OTC: GTBIF), Cresco Labs (CSE: CL) (OTC: CRLBF), Harvest Health & Recreation (CSE: HARV) (OTC: HRVSF), Tilray (NASDAQ: TLRY), CV Sciences (OTC: CVSI) and Acreage Holdings (CSE: ACRG) (OTC: ACRGF). MedMen, which has scheduled a call for May 29th, has already pre-announced Q3 sales of US$36.6 million.Other companies with scheduled calls include CV Sciences, Greenlane, GTI, GW Pharma and Tilray. MJardin Group (CSE: MJAR) (OTC: MJARF) is late on its 2018 financials but has indicated that it will file by May 6th.

Of the companies that report in Canadian dollars and that generated the equivalent of more than US$10 million, Organigram(TSXV: OGI) (OTC: OGRMF), Aphria (TSX: APHA) (NYSE: APHA) and National Access Cannabis (TSXV: META) (OTC: NACNF) reported financials in the back part of April. The Organigram report for its fiscal Q2 allowed it to advance ahead of Aphria, which reported its fiscal Q3. Note that the overall revenue generated by Aphria, which is boosted by non-cannabis revenue, was much higher. Its cannabis-related revenue actually declined from its Q2 levels. The vast majority of the revenue from National Access is related to its retail cannabis stores.

Canadian Dollar Reporting – Public Cannabis Company Revenue Tracker

During May, we expect reports from six of these companies. According to Sentieo, Aurora Cannabis (TSX: ACB) (NYSE: ACB) is expected to report Q3 sales of C$79.7 million, though we note that the company has a small amount of non-cannabis revenue. Canopy Growth (TSX: WEED) (NYSE: CGC), which has a March fiscal year-end, has indicated it expects to report its Q4 in mid-June. CannTrust (TSX: TRST) (NYSE: CTST) has already pre-announced its Q1, projecting sales of approximately C$17 million. Alcanna (TSX: CLIQ) (OTC: LQSIF) has scheduled its call for May 9th.

Visit the Public Cannabis Company Revenue Tracker to track and explore the complete list of qualifying companies. For our readers who are interested in staying on top of scheduled earnings calls in the sector, we have recently introduced the Cannabis Investor Earnings Conference Call Calendar.

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Exclusive article by Alan Brochstein, CFA Facebook | LinkedIn | Email Based in Houston, Alan leverages his experience as founder of online communities 420 Investor , the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures , he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha , where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter