Cannabis Co. C21 Investments Reports Stub Period Revenue Of $4.5M Following $3.5M Deep Roots Harvest Acquisition
Portfolio Pulse from Jelena Martinovic
C21 Investments Inc. reported $4.5M in revenue for a two-month stub period ending March 31, 2024, following a $3.5M acquisition of Deep Roots Harvest. The company maintained positive free cash flow and aligned its fiscal year end with industry peers.
August 02, 2024 | 1:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
C21 Investments Inc. reported $4.5M in revenue for a two-month stub period ending March 31, 2024, following a $3.5M acquisition of Deep Roots Harvest. The company maintained positive free cash flow and aligned its fiscal year end with industry peers.
The reported revenue and positive free cash flow for the stub period, along with the strategic acquisition, are likely to positively impact C21 Investments' stock price in the short term. The alignment of the fiscal year end with industry peers also adds to operational efficiency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100