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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
Glow Lifetech Reports Record Q3 2025 Financial Results; 193% YoY Revenue Growth and Achieves First Positive Cash Flow from OperationsNovember 25, 2025 7:30 AM EST | Source: Glow Lifetech Corp.Toronto, Ontario--(Newsfile Corp. - November 25, 2025) - Glow Lifetech Corp. (CSE: GLOW) (OTCID: GLWLF) (FSE: 9DO) ("Glow" or the "Company") is pleased to report its financial results for the third quarter ended September 30, 2025 ("Q3 2025"). In Q3 2025, Glow delivered strong revenue growth, sustained hi ...
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]