C21 Investments FY23 Revenue Declines 12.4%, Retires Debt
Portfolio Pulse from Vuk Zdinjak
C21 Investments reported a 12.4% decline in FY23 revenue to $28.9 million and retired its $30 million senior secured note. The company's gross profit margin decreased to 46.4% from 57% in the previous year.
June 02, 2023 | 12:15 pm
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C21 Investments' FY23 revenue declined 12.4% to $28.9 million, and the company retired its $30 million senior secured note. Gross profit margin decreased to 46.4% from 57% in the previous year.
C21 Investments' revenue decline and lower gross profit margin indicate a weaker financial performance, which could negatively impact the stock price in the short term. Additionally, the retirement of the senior secured note may be seen as a positive development, but the overall financial performance is likely to have a more significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100