Workflow
Major Sleep with CBN
icon
Search documents
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]