Greenway's Full-Year Net Loss Widens, Sees Rebound In Q4 As Revenue Increases 9% YoY
Portfolio Pulse from Jelena Martinovic
Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) reported a net loss of CA$4.7 million for the fiscal year ending March 31, 2024, up from CA$2.6 million the previous year. Despite the loss, the company saw a 9% increase in Q4 revenue YoY and a 33% increase in total grams sold. The company also reduced liabilities by 59% and launched its first consumer products in Ontario.
July 30, 2024 | 6:23 pm
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Greenway Greenhouse Cannabis Corporation reported a net loss of CA$4.7 million for FY 2024, but saw a 9% increase in Q4 revenue YoY and a 33% increase in total grams sold. The company also reduced liabilities by 59% and launched its first consumer products in Ontario.
Despite the increased net loss, the company showed positive signs with a 9% increase in Q4 revenue, a 33% increase in total grams sold, and a significant reduction in liabilities. These factors suggest potential for short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100