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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]
QuoteMedia Announces Financial Results for Q1 2025
Globenewswire· 2025-05-15 20:37
Core Insights - QuoteMedia, Inc. reported its highest quarterly revenue in company history for Q1 2025, amounting to $4,824,356, a 3% increase from $4,679,200 in Q1 2024 [3][7] - The company experienced a net loss of $499,811 in Q1 2025, compared to a net loss of $28,176 in Q1 2024, indicating a decrease in profitability [7][12] - Adjusted EBITDA for Q1 2025 was $368,269, down from $676,886 in Q1 2024, reflecting a reduction of $308,617 [7][12] Financial Performance - Quarterly revenue increased by $145,156 (3%) year-over-year, with a 5% growth on an FX-neutral basis [7][14] - The significant loss for the quarter was attributed to capitalizing a lower proportion of development costs compared to previous quarters, which increased expensed development costs [4][13] - The company expects continued growth throughout the year, aiming for its highest annual revenue ever [3][13] Business Overview - QuoteMedia provides a range of market data services, including streaming data feeds and financial applications, targeting banks, brokerage firms, and sophisticated investors [2][6] - The company competes with larger legacy organizations and smaller companies in the financial data sector [2] - QuoteMedia's offerings include interactive stock research tools and data feeds for major financial institutions [6]