Cannabis firm C21 Investments Q1 revenue up 30%

C21 Investments

31/07/2025 12:26

Overview

C21 Investments Q1 revenue grows 30% yr/yr, driven by same-store sales growth

Adjusted EBITDA for Q1 up 244% yr/yr, reflecting improved retail sales

Co repurchased 184,500 shares for cancellation during the quarter

Outlook

Company plans to refile amended U.S. federal income tax returns

C21 Investments committed to long-term sustainable growth

Company challenges tax liability under Section 280E of the Internal Revenue Code

Result Drivers

SAME-STORE SALES - Revenue growth driven by same-store sales increases across dispensaries

RETAIL TRANSACTION GROWTH - 45% increase in retail transactions from Q1 last year

GROSS MARGIN IMPACT - Gross margin affected by seasonality and increased wholesale activity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$8.60 mln
Q1 EPS
-$0.01
Q1 Gross Margin
35.0%
Q1 Operating Cash Flow
$900,000


Press Release: ID:nCNWnY5Wpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)