CordovaCann Corp.

LVRLF

CordovaCann Corp. engages in the provision of services and investment capital to the processing, production, and retail vertical markets of the cannabis industry in Canada and United States. The company was formerly known as LiveReel Media Corporation and changed its name to CordovaCann Corp. in January 2018. CordovaCann Corp. was founded in 1997 and is headquartered in Toronto, Canada.

About the company

Country: CanadaPrice: $0.01Market Cap: $1.1M

Investment snapshot

12%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

3 / 11

NEUTRAL / FAIL

Median fair value

$0.09

+800.0% vs price

Models with upside

3 / 17

Positive margin of safety

Strongest signal

LVRLF undervalued: all 3 models price fair value above $0.01 (median $0.09)

Key risk

No clean pass — all 8 investors flag at least one efficiency criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	FAIL	FAIL	Not ranked	PASS	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	FAIL	PASS	NEUTRAL	NEUTRAL	FAIL	NEUTRAL
Score
Analysis	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…	Checking access…
Intrinsic Value (annual)	N/A	N/A	N/A	N/A	N/A	N/A		N/A	N/A			N/A	N/A	N/A	N/A	N/A	N/A
Margin of Safety	N/A	N/A	N/A	N/A	N/A	N/A	+88.9%	N/A	N/A	+100.0%	+87.5%	N/A	N/A	N/A	N/A	N/A	N/A
Financial Basis	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Market data at 2026-11-01 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Market data at 2026-11-01 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Qualitative assessment Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 Latest source filing: 2026-02-02 Score computed: 2026-11-14	Annual history · FY 2024 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-02-02 Score computed: 2026-11-14

Where It Passes

Valuation models100% pass✓ 3▾
LVRLF undervalued: all 3 models price fair value above $0.01 (median $0.09)
Munger fair value$0.09
✓Munger+88.9% margin vs $0.01
Marks fair value$373641801.22
✓Marks+100.0% margin vs $0.01
Ackman fair value$0.08
✓Ackman+87.5% margin vs $0.01
Cash Flow60% pass✓ 8✗ 4▾
6 of 10 pass — Buffett, Lynch, Marks +1 more object
Free Cash Flow Proxy$-2.5M
✗BuffettPositive and growing
FCF Positive and Growing$0.8M
✗LynchPositive and growing
Operating Cash Flow$0.8M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=17.80%, ROA=-3.21%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)1.3x
✓Dreman< 8x
P/E or FCF YieldFCF Yield=74.8%
✓PabraiP/E < 15 or FCF Yield > 10%
FCF Positive2/10 years FCF positive
✗MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap74.8%
✓Ackman>= 4%
Price / FCF per Share1.3x
✓Ackman<= 25
Positive Operating Cash Flow frequency2/10 years positive
✗SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$0.8M
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+74.79%; #69/4519 (top 1.5%)
✓OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

Efficiency0% pass✓ 1✗ 10▾
No clean pass — all 8 investors flag at least one efficiency criterion
Current Ratio0.19
✗Graham>= 2.0
ROIC (3-5 yr avg)
✗Buffett> 10%
ROIC - WACC
✗BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
✗Greenblatt> 25%
Current Ratio Change YoY0.19 -> 0.19
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY1.44x -> 2.22x
✓PiotroskiImproved YoY
Current Assets / Current Liabilities0.19
✗Dreman> 1.5
Return on Invested Capital
✗Munger> 15%
ROIC (high and growing)FY2022: ROIC=unavailable; FY2023: ROIC=unavailable; FY2024: ROIC=unavailable
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)
✗SleepROIC > 12% in a majority of years
Debt & Leverage8% pass✓ 1✗ 14▾
11 of 12 flag LVRLF's debt & leverage — Graham, Buffett, Lynch +8 more
LT Debt vs Net Current Assets
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: -7.8x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / EquityN/A (negative equity)
✗Lynch< 0.33
Cash - Long-term Debt
✗LynchPositive preferred
LT Debt / Total Assets Change0.00% -> 0.00%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities0.19
✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity
✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
Debt LevelsN/A (non-positive equity)
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=-7.8x, D/EBITDA=N/A (D&A unavailable)
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity
✗Ackman<= 1.0
Negative debt-to-equity (higher means less debt)
✗AsnessTop 30% of eligible cross-section
Profitability13% pass✓ 7✗ 28▾
14 of 16 flag LVRLF's profitability — Graham, Buffett, Lynch +11 more
Positive EPS (10 years)5/11 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)0/11 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)-359.7%
✗Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)
✗BuffettStable or rising over 10 years
Free Cash Flow Proxy$-2.5M
✗BuffettPositive and growing
Earnings Variance (10-yr CoV)0.25
✓BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR16.3%
✓Lynch15-30% (Fast Grower); > 0% to pass
ROEN/A (negative equity)
✗Lynch> 15%
EBIT / Enterprise Value-99.5%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=-99.5%, ROC=N/A (invested capital <= 0)
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets-3.21%
✗PiotroskiROA > 0
ROA Change YoY-6.72% -> -3.21% (delta: +3.51%)
✓PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=17.80%, ROA=-3.21%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY29.5% -> 29.2%
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue-15.2%
✗Dreman>= 8%
Net Income / Shareholders' Equity
✗Dreman> 12%
Margin of Safety
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity-50.8% (3-yr avg)
✗AkreROE > 20% (3-year avg)
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency0/10 years positive
✗MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue
✗Ackman>= 15%
Net Income / Shareholders Equity
✗Ackman>= 15%
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trend
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Net income / market capitalization-13.67%; #4330/6340 (top 68.3%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Gross profit / total assets+65.04%; #402/3702 (top 10.9%)
✓AsnessTop 30% of eligible cross-section
Net income / positive book equity
✗AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0771; #3150/5884 (top 53.5%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR16.3% over 4 years
✓Neff7%-20% annualized
Positive Diluted-EPS Years5/5 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Valuation15% pass✓ 6✗ 22▾
11 of 13 flag LVRLF's valuation — Graham, Lynch, Greenblatt +8 more
Price / 3-yr avg EPS
✗Graham<= 15x
Price-to-Book Ratio
✗Graham<= 1.5x
P/E x P/B
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value-99.5%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=-99.5%, ROC=N/A (invested capital <= 0)
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)1.3x
✓Dreman< 8x
Price / Book Value per ShareN/A (negative BVPS)
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation Reasonableness
✗MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldFCF Yield=74.8%
✓PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical Average
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value
✗Marks>= 20% below intrinsic value
Price / FCF per Share1.3x
✓Ackman<= 25
Price vs. Trailing Low100% of trailing low ($0.01)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Net income / market capitalization-13.67%; #4330/6340 (top 68.3%)
✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive book equity / market capitalization-3.8648; #6200/6449 (top 96.1%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change-162.0%
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+9.4851; #329/5247 (top 6.3%)
✓OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+74.79%; #69/4519 (top 1.5%)
✓OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date-84.62%; #5910/6202 (top 95.3%)
✗OshaughnessyTop 10% of eligible cross-section
Verdicts15% pass✓ 2✗ 11▾
Split decision: 11 FAIL · 3 NEUTRAL · 2 PASS
Overall verdict
✗GrahamFAIL (0/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 5)✗DremanFAIL (4/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (0/5)✗AckmanFAIL (3/9)✗TempletonFAIL (2/8)✓SleepPASS (3/6)•AsnessNEUTRAL (Not ranked)•NeffNEUTRAL (4/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
Growth25% pass✓ 5✗ 8▾
6 of 8 flag LVRLF's growth — Graham, Lynch, Marks +3 more
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR16.3%
✓Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthInv: 10.3% vs Rev: 3.4%
✗LynchInventory growth < Revenue growth
EPS Growth Direction$18185556.60 (2015) -> $33262208.82 (2019)
✓DremanPositive over recent years
EPS CAGR16.3% CAGR over 4 years
✓Dreman> 5% annualized
Positive Net Income Frequency0/10 years positive
✗MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth-1.8%
✗Ackman>= 5%
Positive EPS Growth Frequency
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trend
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR143.3%
✓SleepCAGR > 7%
3-5 Year Diluted EPS CAGR16.3% over 4 years
✓Neff7%-20% annualized

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Entertainment

SIC Sector: Amusement & Recreation

Size: Micro Cap($1.1M)

Revenue: $10.4M+3.4% YoY

Net Income: $-150118.41+68.0% YoY

Financial Snapshot

Operating Margin--

Return on Equity3.5%

Debt / Equity-0.18

Current Ratio0.19

Shares Retired−0.3% / −0.3% 2y

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Shareholder Return

Fiscal 2024

Issued 0.3% of shares last year, 0.3% issued over two.

Buybacks: —
Dividends: $624.9K

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

Metric	FY 2024 Sources 20-F · 2026-02-02	FY 2023 Sources 20-F · 2024-12-16	FY 2022 Sources 20-F · 2023-12-28	FY 2021 Sources 20-F · 2022-12-15	FY 2020 Sources 20-F · 2021-12-15
Market Cap	$1.1Mcurrent	$8.3Mest.	$18.4Mest.	$34.5Mest.	$28.9Mest.
Revenue	$10.4M↑3%	$10.1M↓2%	$10.3M↓2%	$10.5M↑26%	$8.3M
Operating Income	--	--	--	--	--
Net Income	-$150.1K↑68%	-$468.6K↑75%	-$1.9M↑24%	-$2.5M↓19%	-$2.1M
EPS (Diluted)	--	--	--	--	--
Gross Margin	29.2%↓1%	29.5%↑4%	28.4%↑3%	27.6%↓19%	33.8%
Operating Margin	—	—	—	—	—
ROE	3.5%↓82%	19.5%↓87%	144.3%↑367%	-54.1%↓37%	-39.4%
Total Debt	$749.4K↓37%	$1.2M	$1.2M↑342%	$268.1K↓67%	$821.0K
Shareholders' Equity	-$4.2M↓76%	-$2.4M↓86%	-$1.3M↓129%	$4.5M↓13%	$5.2M
Current Ratio	0.19↓1%	0.19↓9%	0.21↓63%	0.56↑81%	0.31
Debt / Equity	-0.18↑64%	-0.49↑46%	-0.91↓1649%	0.06↓62%	0.16
Operating Cash Flow	$833.4K↓24%	$1.1M↑419%	-$341.7K↑79%	-$1.6M↓801%	-$178.4K
Free Cash Flow	$821.2K↓25%	$1.1M↑219%	-$916.7K↑57%	-$2.1M↓173%	-$776.2K

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Entertainment

LVRLF vs Peers — Financial Grading

Revenue$10.4MBottom 25%

Net Income$-150118.41Median

ROE3.5%Median

D/E-0.18Top 25%

Op. Margin—

Curr. Ratio0.19Bottom 25%

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Greenblatt	Piotroski	Dreman
Walt Disney CoDIS	$205.4B	$118.97	$94.4B	$12.4B	11.3%	0.38	18.6%	0.71	1/9	2/9	4/7	1/3	F-Score 7	4/11
Madison Square Garden Sports Corp.MSGS	$9.3B	$314.46	$1.0B	$22.4M	8.0%	-1.03	1.4%	0.45	1/9	3/9	1/7	0/3	F-Score 5	1/11
Churchill Downs IncCHDN	$6.8B	$99.72	$2.9B	$383.0M	37.9%	5.08	23.4%	0.60	1/9	3/9	2/7	1/3	F-Score 6	3/11
VAIL RESORTS INCMTN	$5.5B	$152.61	$3.0B	$280.0M	66.0%	7.35	18.9%	0.63	1/9	5/9	3/7	0/3	F-Score 7	3/11
Cinemark Holdings, Inc.CNK	$4.7B	$40.80	$3.1B	$138.2M	—	—	—	—	1/9	0/9	2/7	0/3	F-Score 1	1/11
Manchester United plcMANU	$3.9B	$22.43	$914.4M	$45.3M	-17.0%	3.29	-2.8%	0.38	1/9	0/9	0/7	0/3	F-Score 5	1/11
Atlanta Braves Holdings, Inc.BATRA	$3.7B	$56.66	$732.5M	$23.4M	-4.4%	1.40	-1.8%	0.42	1/9	1/9	1/7	0/3	F-Score 5	1/11
Brightstar Lottery PLCBRSL	$1.8B	$9.81	$2.5B	$147.0M	16.8%	4.77	—	0.76	3/9	2/9	1/7	1/3	F-Score 4	4/11