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Cannara Biotech Delivers Record Fiscal 2025 Revenue and Profitability, Achieves First Year of Positive Retained Earnings
Globenewswire· 2025-11-24 12:00
Record Fiscal 2025 Financial Performance: Record net revenues of $107.3 million, adjusted EBITDA of $28.1 million1, net income of $13.1 million, operating cash flow of $20 million and free cash flow of $13.7 million1 for Fiscal 2025.Stronger Balance Sheet and Earnings Quality: First year of positive retained earnings as at August 31, 2025, supported by continued free cash flow generation and lower leverage.Continued Market Share Expansion: National market share rose to 3.81% in Fiscal 2025, up 32% year over ...
Cannara Biotech Delivers Highest Revenue and Profitability Since Inception in Fiscal Q3 2025
Globenewswire· 2025-07-28 11:00
"In addition to our stellar operating results, we have achieved two very significant milestones within our business. First, for the upcoming launch of Québec's high-demand vape category, the acceptance of 5 Cannara SKUs, pending final procedural steps, representing 20% of all accepted in-store SKUs by the province. Second, the optimization of our cultivation procedures which has resulted in a 26% yield improvement across our facilities, allowing Cannara to achieve our Fiscal 2026 cultivation target a full y ...