Canada's Greenway Q1 revenue rises on record cannabis sales volume

Greenway Greenhouse Cannabis

31/08/2026 22:19

Overview
Canadian cannabis cultivator's Q1 revenue rose 38% yr/yr to C$2.23 mln
Company posted positive adjusted EBITDA and cash from operations, but reported a net loss
Revenue growth was driven by record sales volume, while lower average selling prices weighed on margins

Outlook
Company expects refined product mix to better align with markets offering long-term value
Greenway aims to expand into new jurisdictions and develop strategic partnerships

Result Drivers
RECORD SALES VOLUME - Co said revenue growth was driven by record 2.33 mln grams sold, 8% above its previous quarterly high
LOWER SELLING PRICE - Co said lower average net selling price reflected sales of legacy inventory from discontinued cultivars, affecting gross margin
COST IMPROVEMENT - Co said cash cost per gram sold improved by 30% to C$0.69, reflecting disciplined execution in cultivation, processing and fulfillment

Company press release: ID:nCNWcb5Yba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
C$2.23 mln
 

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(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.)