CordovaCann Updates on Star Buds and Exits U.S. Markets

CordovaCann Corp., listed as CDVA on the CSE and LVRLF on the OTCQB, has reported growth in its Star Buds Cannabis Co. retail operations in Canada while winding down its presence in Oregon and Washington. The first five months of 2025 saw robust performance from Star Buds, with average monthly revenues reaching $1.2 million. Despite some store closures due to weather, Ontario outlets posted a 4.5% year-over-year sales increase.

The company's decision to exit U.S. markets reflects uncertainties in federal cannabis guidelines in the region, allowing a concentrated focus on strengthening Canadian operations. CordovaCann anticipates expanding beyond its current 11 retail locations, banking on consistent growth and strong gross margins.

CEO Taz Turner noted optimism for organic growth and acquisitions in the latter half of the year, highlighting the strategic reallocation to maximize profitability and resource efficiency in the Canadian market.