Vancouver Cannabis Producer Reports 17th Consecutive Quarter Of Positive Cash Flow Amid Industry Headwinds
Portfolio Pulse from Jelena Martinovic
C21 Investments Inc. reported its 17th consecutive quarter of positive free cash flow. The company's Q2 2023 revenue was $7.16 million, slightly down from $7.17 million in the same quarter of 2022. Gross profit was $2.8 million, down from $3.8 million in the corresponding quarter of last year. The company had $56 million in total assets and $22.4 million in total liabilities. The company's shares traded 4.7126% lower at $0.3316 per share at the market close on Wednesday.
September 21, 2023 | 12:38 pm
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NEGATIVE IMPACT
C21 Investments reported a slight decrease in revenue and gross profit for Q2 2023 compared to the same period last year. The company's shares traded lower at market close on Wednesday.
The company's slight decrease in revenue and gross profit for Q2 2023 compared to the same period last year could negatively impact investor sentiment, leading to a decrease in the company's share price. This is reflected in the 4.7126% decrease in the company's share price at market close on Wednesday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100