Greenway Announces Third Quarter Financial Statements

Core Insights - Greenway Greenhouse Cannabis Corporation reported significant financial growth in Q3 2025, with a 40% increase in net cannabis revenue year-over-year, reaching CAD 2,348,797 [1] - The company achieved its fifth consecutive quarter of positive adjusted EBITDA, amounting to CAD 399,738, reflecting improved operational efficiency and profitability [1] - Gross profit for the quarter was CAD 680,589, a substantial increase from CAD 249,197 in Q3 F2025, with gross margin improving to 29% from 15% [1] Financial Performance - Cash at the end of the quarter was CAD 1,181,770, with working capital (excluding amounts due to related parties) at CAD 5,819,285 [1] - Finished goods inventory was valued at CAD 3,377,433, totaling 3,053,665 grams, indicating strong support for anticipated customer demand [1] - The company reported a gross profit for the fiscal year 2026 totaling CAD 2,321,996, representing over a 350% increase compared to the previous year [1] Cost Management - Cash cost per gram sold decreased to CAD 0.92 from CAD 1.03 in Q3 F2025, demonstrating effective cost management strategies [1] - The company emphasized disciplined execution in production to drive durable results and improve unit economics [1] Strategic Outlook - The CEO highlighted the company's objective to build a resilient, high-quality cannabis platform capable of generating consistent returns through industry cycles [1] - The focus remains on scaling production efficiently, optimizing yields, and enhancing product mix to maintain momentum [1] Share Issuance - Greenway issued 402,549 common shares to a consultant as part of a corporate-finance advisory service agreement, with prices ranging from CAD 0.15 to CAD 0.25 per share [1]