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Nevis Brands Inc. Announces Fiscal 2025 Financial Results: Achieves Positive Operating Cash Flow And Double-Digit Q4 Revenue Growth
Thenewswire· 2026-03-18 20:50
Core Insights - Nevis Brands Inc. achieved positive cash flow from operating activities for the fiscal year ended November 30, 2025, marking a significant turnaround from the previous year [1][4] - The company reported a substantial revenue increase of 47.9% in Q4 2025 compared to Q4 2024, with revenues reaching $381,748 [4] - Total revenue for fiscal 2025 was $1,695,656, reflecting a 9.4% growth over the previous fiscal year [4] Financial Highlights - The company generated $62,102 in net cash from operating activities for the year, a recovery from a cash usage of $120,499 in the prior year [4] - Nevis reported a net loss of $275,071 for the year, which includes significant non-cash expenses; excluding these, the operational loss was reduced to $18,716 [4] - Gross profit for the year was $1,037,849, representing a 4% increase from the prior year and accounting for 64% of total revenue [4] Operational Highlights - Nevis expanded its flagship Major™ brand into new states, including Illinois and New Mexico, within the regulated cannabis dispensary market [4] - The company launched several new product formulas and flavors, including Mojito, Apple Peach, Sugar Free Lemonade, Gingerade, Major with CBG, and Major Sleep with CBN, with the latter showing promising early performance [4] - Nevis successfully restructured its debt by extending a promissory note with SōRSE Technology to June 30, 2026, enhancing cash flow flexibility [4]
Nevis Brands Reports Q3 2025 Results: Quarterly Revenue Growth of 16% Amid Expanding Markets
Thenewswire· 2025-10-22 13:20
Core Insights - Nevis Brands Inc. reported strong revenue growth in Q3 2025, achieving a 16% increase compared to Q2, marking the third consecutive quarter of growth [2][3] - The company is focusing on expanding its hemp-derived THC product line, particularly the Happy Apple™ beverage, which is showing promising early performance [3][7] Financial Highlights - Revenue for Q3 2025 reached $478,808, up from $418,745 in Q2 [6] - Gross profit was $302,156, slightly down from $315,345 in Q2, with gross profit margins at 63% [6] - The net income improved to -$22,639 from -$92,458 in Q2, and when excluding non-cash depreciation expenses, the net income was $40,298 [6] Operational Highlights - Nevis experienced revenue growth from new market entries in New Jersey and Missouri, with flagship brands Major™ and Happy Apple™ gaining traction [4][5] - The company is expanding its distribution network for hemp-derived THC beverages, particularly in Wisconsin and continuing sales in North Carolina and South Carolina [5] - The licensing model remains efficient, with strong performance in primary licensed markets such as Washington, Missouri, New Jersey, and Colorado [5] Market Expansion - Nevis is poised for wider national distribution through additional distributor agreements, with new partnerships expected to close in the coming months [7] - The company anticipates continued revenue momentum into fiscal 2026, focusing on scaling hemp-derived offerings while maintaining disciplined cost management [7]
Nevis Brands Inc. Announces Strategic Distribution Agreement with Z.T. Distribution Inc. for Hemp-Derived THC Beverages
Thenewswire· 2025-07-16 14:01
Core Insights - Nevis Brands Inc. has entered a pivotal distribution agreement with Z.T. Distribution Inc. to expand its market presence in the Midwest, specifically for its flagship hemp-derived THC beverage, Happy Apple™ [1][2][6] - Z.T. Distribution will serve as the exclusive distributor for Happy Apple™ in Wisconsin and select areas of Minnesota and Illinois, leveraging its extensive network of over 1,000 grocery stores and retailers [2][10] - The partnership aims to enhance Nevis Brands' ability to penetrate key markets and meet the growing demand for high-quality hemp-derived THC beverages [3][5] Company Overview - Nevis Brands Inc. specializes in the development and marketing of cannabis and hemp-derived beverage brands, focusing on quality, innovation, and consumer satisfaction [8] - The company's flagship products include Major™, a high-dose THC beverage, and Happy Apple™, which combines natural flavors with precise dosing [8] - Nevis Brands is listed on the Canadian Securities Exchange (CSE: NEVI) and the U.S. OTC market (NEVIF) [8] Product Development - Happy Apple™ is currently available in a 5mg THC version, with plans to introduce a 10mg variant to cater to a broader range of consumer preferences [4][5] - Production of the 10mg version is underway and expected to be completed by early August 2025, with products hitting store shelves by mid-August [5] Market Trends - The hemp-derived THC beverage category is one of the fastest-growing segments in the beverage industry, driven by increasing consumer interest in alternative wellness products [5] - Nevis Brands is well-positioned to capitalize on this trend through its innovative product offerings and strategic partnerships [5][6] Distribution Strategy - The collaboration with Z.T. Distribution is a key component of Nevis Brands' strategy to expand its footprint in the United States [6] - Z.T. Distribution has over a century of experience in distributing consumer goods and is known for its excellence in logistics and market development [10]
Nevis Brands Reports Q2 2025 Results: Revenue Growth, Stable Gross Margin
Thenewswire· 2025-07-14 21:00
Core Insights - Nevis Brands Inc. reported a modest revenue increase in Q2 2025 compared to Q1, driven by stable revenues in licensed markets and early performance of its hemp-derived THC product line [2][4] - The company maintained a gross profit margin of 75%, reflecting the effectiveness of its capital-light licensing model [2][5] - Non-operational factors, including foreign exchange pressure and elevated audit fees, impacted earnings, resulting in a net loss of CAD 92,458 for the quarter [3][4] Financial Performance - Revenue for Q2 2025 was CAD 418,745, slightly up from CAD 416,355 in Q1 [4] - Gross profit was CAD 315,228, showing stability compared to CAD 315,345 in Q1 [4] - EBITDA for the quarter was CAD -16,226, a decline from CAD 135,038 in Q1 [4] Operational Highlights - Geographic expansion in New Jersey and Missouri contributed to revenue growth, with flagship brands Major™ and Happy Apple™ gaining traction [5] - The launch of the Happy Apple™ hemp-derived THC drink generated initial positive consumer feedback, with expectations for sales acceleration in the second half of fiscal 2025 [5] - The company's asset-light strategy continues to validate its gross margin of 75%, allowing for low fixed costs and adaptability to market changes [5] Strategic Outlook - Nevis is positioned to capitalize on growth drivers as the cannabis beverage category matures and consumer adoption increases [6] - The company is focused on scaling revenues and progressing towards sustained profitability, with strong brand momentum and disciplined cost control [6][11] - New distribution partnerships are under review, expected to enhance national distribution for Major™ and Happy Apple™ [11]
Nevis Brands Announces the launch of Major(TM) in Illinois, new distribution of Happy Apple(TM) in North Carolina, South Carolina
Thenewswire· 2025-05-13 12:30
Company Overview - Nevis Brands Inc is a leading provider of cannabis beverage brands, focusing on Hemp Derived THC products [1][2] - The company is publicly traded on the CSE under the symbol "NEVI," US OTC: "NEVIF," and Frankfurt Stock Exchange symbol "8DZ" [3] Product Launch and Market Expansion - Nevis has launched its Major(™) 100mg THC beverages in Illinois, partnering with Drecisco Farms, aiming to become a top-selling beverage in the state [2] - The company is expanding its retail presence in North Carolina and South Carolina, targeting bars and specialty beer and wine outlets [4] Sales and Revenue Generation - Happy Apple(™) Hemp Derived THC beverages are being sold in multiple states, with a focus on low-dose 5 mg THC options to grow revenues [1] - The company anticipates recognizing revenue from Happy Apple in fiscal Q2 [4] Marketing and E-commerce Strategy - Nevis plans to introduce Happy Apple(™) in traditional retail liquor stores and bars, while also developing an e-commerce platform at www.nevishemp.com [1] - The company is leveraging social media influencers and online marketing to boost online demand for its products [4]