Please note that we have raised the minimum quarterly revenue several times as the industry has scaled up, including from US$10.0 million in November 2020, US$7.5 million in June 2020, US$5.0 million in October 2019 and US$2.5 million in May 2019.
dollars and 12 in the Canadian currency, which is the same as when we provided an update earlier this month.
We note that often operating income can include one-time items like stock compensation, inventory write-downs or public listing expenses, and we recommend that readers understand how these non-cash items can impact quarterly financials.
Since our last update, several companies that report in American dollars provided quarterly financials, including TILT Holdings , which reported its fiscal Q2 ending 2/28.
With a larger universe of companies and with most of them now conforming to the SEC filing deadline, which is shorter than in Canada, it’s going to be quite busy the second week of May.
According to Sentieo, Scotts’s Miracle-Gro overall Q2 revenue, the majority of which is its lawn and garden business, is expected to grow 25% to $1.7 billion, with EPS of $5.42 in the company’s peak quarter of the year seasonally.
Curaleaf’s Q1 revenue is expected to increase 162% from a year ago to $253 million, up 10% sequentially.
Cresco Labs revenue is expected to grow 155% to $169 million, up 4% sequentially.
Fire & Flower exceeded analyst expectations for both revenue, at C$43.2 million, as well as adjusted EBITDA, which was C$1.5 million as it ended its fiscal year.
TerrAscend, which will be changing its reporting from Canadian to American dollars in its Q1 report to reflect that the vast majority of its revenue is derived from its MSO operations, is expected to report revenue of US$65.3 million with an adjusted EBITDA of US$25.6 million.
For our readers who are interested in staying on top of scheduled earnings calls in the sector, we have have created and continually update the Cannabis Investor Earnings Conference Call Calendar.