CordovaCann Corp.

What they do

CordovaCann Corp. is a Canadian corporation (formerly LiveReel Media Corporation) governed under the Canada Business Corporations Act, with principal offices in Toronto, Ontario. It files as a foreign private issuer under Form 20-F, using Canadian dollars and IFRS Accounting Standards. The filing is classified under SIC code Services-Amusement & Recreation Services.

Revenue drivers

• Consolidated operations — The company generated total revenue of C$14,249,111 for the fiscal year ended June 30, 2025; the excerpts do not break this down by segment or product line.

Recent performance

For the fiscal year ended June 30, 2025, CordovaCann reported revenue of C$14,249,111, up from C$13,797,150 in FY2024 and C$13,594,706 in FY2023. Net loss for FY2025 was C$(2,454,615), compared with C$(1,275,056) in FY2024 and C$(6,917,910) in FY2023. Basic and diluted net loss per share for FY2025 was C$(0.02). Common shares outstanding were 109,803,459 as at June 30, 2025.

Strategy

The filing's forward-looking statements identify future earnings and cash flow, expansion and growth of the business and operations, and prospective operational and financial information as areas of focus. The company also cites potential investments, acquisitions or other business opportunities as matters addressed by forward-looking statements. Management notes that actual results depend on risks including fluctuations in prices of products and services, availability of financing opportunities, legal and regulatory risks, and general economic, market and business conditions. No specific quantified growth targets, capital budgets or named transactions are provided in the excerpts.

Risks

• Product and service price fluctuations — The company states that fluctuations in prices of its products and services could cause actual results to differ materially from expectations.
• Financing availability — The company cites availability of financing opportunities as a risk that could cause actual results to differ from expectations.
• Legal and regulatory risk — The company identifies legal and regulatory risks among the factors that could cause actual results to differ from expectations.
• Investment and acquisition risk — The company lists potential investments, acquisitions or other business opportunities as forward-looking matters subject to uncertainty.

Outlook

The excerpts do not include a management outlook section with quantified guidance for FY2026. The forward-looking statement section addresses future earnings and cash flow, expansion and growth, and prospective operational and financial information, but is qualified by the listed risk factors. Actual results could differ materially from expectations due to product price fluctuations, financing availability, legal and regulatory risks, general economic and market conditions, and other factors beyond the company's control.