CordovaCann Reports Q3 Loss, Going Concern Warning, and Auditor Change
LVRLF has more than doubled off its 52-week low of $0.002.
Summary
CordovaCann filed its Q3 FY2026 financials showing continued losses, a going concern warning, ineffective disclosure controls, and a change of auditor.
Key Events · Earnings and Guidance · LVRLF
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Q3 FY2026 Net Loss
Net loss of C$163,595 for the three months ended March 31, 2026, and C$194,628 for the nine months. Revenue declined to C$3.02M from C$3.35M year-over-year.
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Going Concern Warning
Substantial doubt about ability to continue as a going concern. Accumulated deficit of C$44,833,221 and working capital deficiency of C$7,832,833 as of March 31, 2026.
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Ineffective Disclosure Controls
CEO and CFO concluded disclosure controls and procedures were ineffective as of March 31, 2026.
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Auditor Change
DNTW Toronto LLP resigned effective October 13, 2025, replaced by Horizon Assurance LLP. No disagreements or reportable events disclosed.
Analysis · LVRLF · Trade & Services
CordovaCann's first SEC filing of its Q3 FY2026 results reveals a C$163,595 quarterly loss, a going concern warning with a C$44.8M accumulated deficit, and ineffective disclosure controls. The company also disclosed a change of auditor effective October 13, 2025, and a strategic exit from Oregon and Washington. For a micro-cap trading at $0.039, the combination of continued losses, negative working capital, and control deficiencies materially increases the risk profile.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LVRLF was trading at $0.04 on OTC in the Trade & Services sector, with a market capitalization of approximately $4.3M. The 52-week trading range was $0.00 to $0.12. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.