Greenway Cannabis Co. Doubles Q1 Net Revenue YoY, Highest Adjusted EBITDA Results To Date
Portfolio Pulse from Jelena Martinovic
Greenway Greenhouse Cannabis Corporation reported a significant increase in Q1 net revenue and adjusted EBITDA, achieving its highest results to date. The company also saw improvements in operating and comprehensive losses, and its MillRite pre-rolls ranked highly in Ontario sales.
August 28, 2024 | 3:07 pm
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Greenway Greenhouse Cannabis Corp. reported a 104% YoY increase in Q1 net revenue and its highest adjusted EBITDA to date. The company also improved its operating and comprehensive losses, and its MillRite pre-rolls performed well in Ontario.
The significant YoY increase in net revenue and adjusted EBITDA, along with improved losses, indicates strong financial performance. The high sales ranking of MillRite pre-rolls in Ontario suggests successful product reception, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100