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Glow Lifetech Reports Record Q3 2025 Financial Results; 193% YoY Revenue Growth and Achieves First Positive Cash Flow from Operations
Newsfile· 2025-11-25 12:30
Core Insights - Glow Lifetech Corp. reported a record Q3 2025 with a 193% year-over-year revenue growth and achieved its first positive cash flow from operations, indicating strong commercial momentum and progress towards sustainable profitability [1][2]. Financial Performance - Net revenue reached $630,791, a 193% increase compared to Q3 2024's $215,176 [6]. - Gross profit was $427,671, reflecting a 168% increase from $159,599 in Q3 2024, with a gross margin of 68% [6]. - Total expenses decreased by 20% to $533,713 from $667,465 in Q3 2024, showcasing effective cost management [6]. - Cash flow from operations was $119,000, marking a 121% increase from a negative cash flow of $561,933 in Q3 2024 [6]. - EBITDA loss narrowed to $28,004, an 85% improvement from a loss of $188,920 in Q3 2024 [6]. Financial Position - The cash balance stood at $1,117,668, with a working capital surplus of $1,401,900, improving by over $2.16 million from a deficit of $764,665 in Q3 2024 [6]. - The current ratio improved to 2.16x from 0.65x in Q3 2024, indicating enhanced financial strength [6]. - The company achieved debt-free status by eliminating its remaining long-term debt of $368,509 in November 2025 [6]. Market Expansion and Product Development - Glow expanded its retail presence by adding new listings with major Ontario retailers, including FIKA Company and One Plant, and launched products in Saskatchewan [6]. - The MOD™ brand maintained its market leadership as the 2 brand in Ontario's oils category [6]. - A new product, MOD™ CBG:THC Drops 300, was launched, adding to the company's product lineup [7]. Future Outlook - The company is focused on building commercial momentum and a strong foundation for scalable, profitable growth, with plans to deepen penetration with national retailers and expand its product portfolio [8].
Glow Lifetech Provides Commercial & Corporate Update; Launches New Key Accounts, Advances National Expansion
Newsfile· 2025-10-20 20:15
Core Insights - Glow Lifetech Corp. has announced significant commercial updates, including new key account wins and national distribution expansion, indicating continued commercial growth [1][4]. Group 1: Commercial Expansion - Glow has secured a new retail listing with One Plant Corp., expanding MOD™ products to over 60 retail locations across Ontario and Saskatchewan [2][3]. - The partnership with One Plant, a leading cannabis retailer in Canada, enhances Glow's retail expansion strategy and broadens MOD's consumer reach [3][4]. - Glow has successfully completed its first shipment into Saskatchewan, marking its initial entry into Western Canada with 10 product listings across its MOD™ and .decimal™ brands [7]. Group 2: Financial Health - To strengthen its balance sheet, Glow plans to issue up to 714,286 common shares to settle approximately $50,000 in outstanding debt at a deemed price of $0.07 per share [8]. - This debt settlement is aimed at preserving cash for working capital, reflecting the company's focus on improving financial health to support growth initiatives [8]. Group 3: Company Overview - Glow Lifetech is a Canadian biotechnology company specializing in nutraceutical and cannabinoid-based products, utilizing MyCell Technology® for enhanced bioavailability and effectiveness [11].
Glow Lifetech Expands MOD and .decimal brands in Saskatchewan Market, Advancing National Growth Strategy
Newsfile· 2025-09-16 11:30
Core Insights - Glow Lifetech Corp is expanding its MOD™ and .decimal™ brands into the Saskatchewan cannabis retail market, marking a significant step in its national growth strategy [1][2][3] Expansion Strategy - The expansion into Saskatchewan follows successful entries into Ontario and New Brunswick, with the company securing 10 product listings in Saskatchewan, which will create a new long-term revenue stream [2][4] - The company aims to leverage its success in Ontario to scale its operations nationally in a disciplined manner [2][3] Commercial Momentum - The Saskatchewan expansion is part of a broader strategy that includes deepening penetration in Ontario while entering new provinces [4][5] - Recent commercial progress indicates strong momentum, with MOD™ being established among Ontario's leading oil brands [4][5] Business Model and Innovation - Glow Lifetech's disciplined growth strategy combines expanded retail distribution, new provincial launches, and ongoing product innovation, reinforcing the fundamentals of the business [5] - The company's scalable model positions it for sustainable growth and long-term value creation [5]
Glow Lifetech Reports 196% YoY Revenue Growth and Improved Cash Flow in Q2 2025, Sets Stage for Continued Momentum in H2
Newsfile· 2025-08-28 11:30
Core Insights - Glow Lifetech Corp. reported a significant 196% year-over-year revenue growth in Q2 2025, indicating strong commercial momentum and progress towards sustainable profitability [1][2][5] Financial Highlights - Net revenue reached $436,325, a 196% increase from $147,205 in Q2 2024 [5] - Gross profit was $293,141, reflecting a 182% increase compared to $103,983 in Q2 2024 [5] - Gross margin improved to 67%, showing sustained operational efficiency [5] - Cash used in operating activities decreased to $31,153 from $119,486 in Q2 2024, indicating progress towards cash flow breakeven [5] - EBITDA loss narrowed to $166,896, an improvement of 25% from $221,547 in Q2 2024 [5] - Cash balance stood at $1,059,855 with a working capital surplus of $1,411,355, improving over $3.0 million from a deficit of $1,722,397 in Q2 2024 [5] - Current ratio improved to 2.24x from 0.30x in Q2 2024, reflecting enhanced financial strength [5] Commercial Highlights - Glow expanded its market presence to over 1,000 retail cannabis stores in Ontario, capturing approximately 60% of the province's licensed cannabis retailers [5] - The company commissioned a new automated bottling line to triple production capacity, supporting the growth of the MOD™ portfolio [5] - Glow's MOD™ brand advanced to the 2 oils brand in Ontario, with MOD™ THC 1000 as the 2 ranked SKU in its category [5] - Two new CBN-based SKUs were launched, which are among the brand's strongest-performing launches to date [5] Strategic Outlook - The company enters H2 2025 with continued commercial momentum and a strong foundation for scalable growth [6] - With expanded production capacity and growing penetration into major retailers, Glow is well-positioned to translate topline growth into improved profitability [6] - Early Q3 momentum reflects the scalability of Glow's model, setting the stage for meaningful progress towards profitability [6]
Glow Expands Ontario Distribution with MOD Launch in 100+ FIKA Company Stores, One of Canada's Largest Cannabis Retailers
Newsfile· 2025-08-20 11:30
Core Insights - Glow Lifetech Corp. has launched its MOD™ brand in over 100 FIKA Company stores across Ontario, marking a significant retail expansion with one of Canada's largest cannabis retailers [2][3][4]. Distribution Expansion - The new retail listing with FIKA Company enhances MOD™ product availability in approximately 100 locations, contributing to Glow's deeper penetration in Ontario's cannabis market [3][6]. - FIKA Company operates a substantial retail portfolio with over 200 locations across multiple provinces, including Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon [3]. Commercial Strategy - The launch with FIKA Company is a strategic move to support Glow's growth in Ontario and establish a foundation for future distribution in other provinces [4]. - Glow is implementing a targeted retail activation program to drive product awareness and education, which includes merchandising displays and staff training [5]. Growth Momentum - This retail expansion reflects Glow's increasing commercial momentum and strengthens its market execution, positioning the company for a pivotal growth phase [6]. - Strategic partnerships like the one with FIKA are expected to unlock new growth channels and diversify Glow's distribution footprint [6].
Glow Lifetech Provides Commercial Update; Expands to 1000+ Stores in Ontario and Achieves #2 Oil Brand with MOD
Newsfile· 2025-06-23 11:30
Core Insights - Glow Lifetech Corp. has achieved significant market momentum in Ontario, expanding its retail distribution to over 1,000 licensed stores, marking a 45% increase year-to-date and establishing itself as the 2 ranked oil brand with its MOD™ line [2][3][4] Group 1: Retail Expansion - The company has expanded its retail footprint to over 1,000 stores in Ontario, reflecting strong demand for its differentiated product portfolio [2][3] - This expansion is expected to continue, further solidifying Glow's position as a category leader in the province [2][3] Group 2: Brand Performance - Glow's flagship MOD™ brand has advanced to become the 2 ranked oil brand in Ontario, indicating a growing base of loyal consumers and successful product launches [3][4] - The sustained growth trajectory of both MOD™ and .decimal™ brands is supported by strong commercial traction and record demand [3][4] Group 3: Product Innovation - Glow launched MOD™ CBN:THC Drops in May 2025 and secured a new listing for MOD™ CBN:CBD Drops in early June, both of which have seen strong customer demand [5] - These new products tap into the rising demand for CBN-based formulations, reinforcing Glow's commitment to developing innovative cannabis products [5]