Canadian Cannabis Producer C21 Launches Share Buyback, Citing Undervalued Stock Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Source: Benzinga
Share Buyback Program Announcement: C21 Investments Inc. plans to repurchase approximately 5% of its common shares as part of a share buyback program, which will run for one year starting December 2, 2024, aiming to enhance shareholder value.
Financial Performance and Growth: The company reported a 14% increase in revenue to $7.5 million in the second quarter, with significant sales growth in its South Reno dispensary, indicating strong financial health to support the buyback initiative.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
