Cannabis Co. C21 Investments Reports Stub Period Revenue Of $4.5M Following $3.5M Deep Roots Harvest Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Source: Benzinga
Financial Performance: C21 Investments Inc. reported its audited financial statements for a two-month stub period ending March 31, 2024, showing revenue of $4.5 million, gross profit of $1.8 million, and positive free cash flow of $0.9 million, despite a net loss of $74,404.
Strategic Changes: The company has shifted its fiscal year end from January 31 to March 31 to align better with peers and has completed a $3.5 million acquisition of a retail cannabis dispensary in South Reno, Nevada.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
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.
