MONTREAL, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQX: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis products at affordable prices with two mega facilities based in Québec spanning over 1,600,000 sq. ft., is pleased to announce that it has received conditional approval to uplist (the “Uplisting”) its common shares (the “Common Shares”) to the Toronto Stock Exchange (the “TSX”) from the TSX Venture Exchan ...

New Record Financial Results: Total revenues of $30.1 million, gross profit before fair value adjustments of $13.5 million or 45% and Adjusted EBITDA of $8.8 million1, supported by operating cash flows of $8.0 million and free cash flow of $3.3 million2.Extends Market Share Gains: Estimated national retail market share reached 4.1% in Q1 2026, up from 3.8% in Q4 2025, driven by strong momentum across key provinces, including Québec, where Cannara ranked #1 by December 2025 following the successful vape laun ...

MONTREAL, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQX: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis products at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce that it has qualified to have its common shares quoted for trading on the OTCQX Best Market (“OTCQX“). Cannara’s common shares were previously quoted on the OTCQB Venture Market. ...

Financial Data and Key Metrics Changes - The company reported over $700 million in annual sales, indicating significant growth potential in the consumer market [1] - The focus on profitability and cash flow generation remains strong despite challenges in the consumer demand landscape [22][24] Business Line Data and Key Metrics Changes - The Snug Sofa Collection was launched, aimed at a lower price point, expanding the product offering beyond traditional sectionals [2][3] - A new high-end sectional platform is set to launch in 2026, diversifying the product range further [4] Market Data and Key Metrics Changes - The company plans to reshore over 80% of its sectional production from Asia to the United States, which is expected to enhance product quality and efficiency [5][6] - The strategy to onshore production is seen as a way to mitigate tariff impacts and improve margins [9][12] Company Strategy and Development Direction - The overarching strategy is to "win the living room" and expand into new rooms in the future, focusing on brand strength and customer loyalty [8][24] - The company is investing in marketing and brand positioning to support growth, with a new CMO brought in to enhance storytelling and brand presence [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by a declining category and intense promotional environment but remains optimistic about future growth opportunities [22][23] - The company aims for double-digit growth in the long term, focusing on brand expansion and market share acquisition [25][26] Other Important Information - The company emphasizes the importance of repeat customers and the potential for easier customer acquisition through existing loyal customers [34] - The partnership with Costco is highlighted as a successful omnichannel strategy, enhancing brand visibility and sales [31][32] Q&A Session Summary Question: Can you elaborate on the made in America initiative and its impact on business? - The company plans to manufacture in the U.S. in a margin-neutral way, which will not be significantly affected by tariff changes [9][10] Question: What investments are needed to support growth? - The focus is on maintaining investments that will allow for significant growth while balancing profitability and cash flow [22][24] Question: How does the company plan to grow its store presence and omnichannel strategy? - The strategy involves optimizing the number of physical stores while enhancing the digital customer experience and leveraging partnerships for broader reach [28][30]

Financial Data and Key Metrics Changes - The company reported over $700 million in annual sales, indicating significant growth potential in the consumer market [1] - The focus on profitability and cash flow generation remains strong despite challenges in the consumer demand landscape [22][24] Business Line Data and Key Metrics Changes - The Snug Sofa Collection was launched as a lower-priced entry point, expanding the product offerings beyond the traditional Sactionals [2][3] - A new high-end Sactional platform is set to launch in 2026, indicating a strategic move to diversify product offerings [4] Market Data and Key Metrics Changes - The company plans to reshore its Sactionals production from Asia to the United States, which is expected to enhance product quality and efficiency while maintaining margin neutrality [5][6] - The company is positioned to leverage its strong brand and product offerings in a competitive market, focusing on winning the living room segment [8][24] Company Strategy and Development Direction - The overarching strategy is to double or triple the company's growth, moving beyond a 10% annual growth target [22] - The company aims to harvest its brand and prepare for a significant launch into new product categories in the following fiscal year [8][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tariffs and consumer uncertainty but emphasized a focus on long-term profitability and brand strength [22][24] - The company is optimistic about future growth opportunities, particularly with the potential recovery in the housing market [35] Other Important Information - The company has made significant investments in people, processes, and new stores to support its growth ambitions [20][22] - A new Chief Marketing Officer has been appointed to enhance brand storytelling and marketing strategies [17][18] Q&A Session Questions and Answers Question: Can you elaborate on the Made in America initiative and its impact on the business? - Management confirmed that the initiative allows for production in the U.S. at a margin-neutral basis, which is a strategic advantage given the current tariff environment [9][10][12] Question: What are the plans for store growth and omnichannel strategy? - The company is focusing on an omnichannel approach, emphasizing both digital presence and physical showrooms to enhance customer experience [28][30] Question: How does the company plan to leverage recent investments for future growth? - Management indicated that investments are aimed at achieving significant sales growth while maintaining profitability, with a focus on brand strength and market share [22][24]

Financial Data and Key Metrics Changes - The company reported over $700 million in annual sales, indicating significant growth potential in the consumer market [1] - The focus for the upcoming year is on achieving profitable sales growth and maintaining a strong balance sheet despite challenges in the market [22][25] Business Line Data and Key Metrics Changes - The Snug Sofa Collection was launched in 2025, aimed at a lower price point, and will expand into a full sectional platform in 2026 [2][4] - A new high-end sectional platform is also set to launch in 2026, diversifying the product offerings [4] Market Data and Key Metrics Changes - The company plans to reshore its entire sectionals production back to the United States, which is expected to enhance product quality and efficiency while remaining margin-neutral [5][7] - The company is positioned to benefit from a potential recovery in the housing market, which could positively impact sales [1][34] Company Strategy and Development Direction - The overarching strategy is to "win the living room" and expand into new rooms in the future, focusing on brand strength and customer loyalty [8][23] - The company is investing in marketing and brand positioning to enhance its presence and storytelling in the market [18][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by tariffs and consumer uncertainty but emphasized a focus on long-term profitability and cash flow generation [22][24] - The company is optimistic about future growth, aiming for double-digit growth in the top line without relying on category support [24] Other Important Information - The company has made significant investments in people, processes, and new stores over the past few years to position itself for future growth [20][21] - The new CMO, Heidi Cooley, is expected to play a crucial role in evolving the brand's messaging and marketing strategies [17] Q&A Session Summary Question: Can you elaborate on the made in America initiative and its impact on the business? - Management confirmed that the reshoring initiative will allow for production in a margin-neutral way, enhancing product quality and reducing reliance on tariffs [9][10][12] Question: What are the plans for store growth and omnichannel strategy? - The company is focusing on an omnichannel approach, balancing digital presence with physical showrooms to enhance customer experience [26][28][30] Question: How does the company plan to leverage past investments for future growth? - Management stated that the goal is to double or triple the company, focusing on profitable sales growth and maintaining a strong balance sheet despite market challenges [21][22][24]

Core Insights - The Lovesac Company is scheduled to participate in the 2026 ICR Conference on January 12, 2026, at 11:00 a.m. Eastern Time [1] - The event will be webcast live and archived on the Company's Investor Relations website [2] Company Overview - The Lovesac Company, based in Stamford, Connecticut, is a technology-driven furniture brand known for its modular couches called Sactionals, designed to be adaptable and long-lasting [3] - The product lineup includes Sactionals, Sactionals Reclining seat, premium foam beanbag chairs (Sacs), PillowSac Chair, StealthTech home theater system, and Snugg™ sofa seating solution [3] - The brand emphasizes responsible production and innovation, having received awards for sustainability and product design, and holds a robust portfolio of utility and design patents [3] - Products are primarily sold online through the official website, complemented by physical retail locations and partnerships with third-party retailers [3]

Core Insights - Lovesac is implementing a four-pronged tariff strategy that includes diversifying its supply base and reducing production in China, with a focus on a new made-in-the-U.S.A. product development approach aimed at being better and less expensive [2][7] - The company's gross margin fell in the third fiscal quarter due to rising costs in transportation, tariffs, and warehousing, although margin pressure was somewhat alleviated by price increases and cost-reduction initiatives [3] - The company is expanding delivery options, including a planned "white glove" delivery and assembly service to enhance customer experience and address feedback regarding delivery issues [5] Financial Performance - The gross margin decline was primarily attributed to increased costs, with the company experiencing pressure in smaller and mid-range setups following price increases to offset tariffs [3][4] - La-Z-Boy's tariff strategy includes production adjustments and planned price increases, with 90% of its products made in the U.S., positioning it favorably regarding tariffs [6] Product Development - Lovesac is redesigning the core inserts of its Sactionals line to enable U.S. manufacturing, with plans to start domestic production in summer 2026 [7] - The redesign is part of a broader initiative to drive secular growth, with the CEO indicating more initiatives will be announced in the coming fiscal year [6][7]

MONTREAL, Québec, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis products at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce preliminary success in the Québec provincial vape cartridge category launch. Estimated retail sales data indicates multiple leadership positions across the nascent categor ...

Core Insights - The Lovesac Company is celebrating "Couchmas," a week dedicated to relaxation and comfort, with initiatives aimed at recognizing deserving individuals and families [1][2][4] Group 1: Couchmas Celebration - Couchmas runs from December 26 to January 4, during which customers can nominate individuals for a chance to win a free Lovesac couch [3] - The company is offering a 40% discount on all products both online and in showrooms, matching their Black Friday promotion [3] Group 2: Community Engagement - Lovesac has initiated "Spread the Love" programs, surprising deserving individuals through various community-focused events and social media activations [2] - The company aims to honor those who contribute positively to their communities, encouraging people to share stories of generosity [2][4] Group 3: Company Overview - The Lovesac Company, based in Stamford, Connecticut, specializes in high-quality, sustainable furniture designed to last a lifetime [4] - The product lineup includes modular couches (Sactionals), premium foam beanbag chairs (Sacs), and an immersive surround sound system (StealthTech) [4]