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GWAYF

Greenway Greenhouse Cannabis Corp

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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.

Portfolio Pulse from Jelena Martinovic

August 28, 2024 | 3:07 pm

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.

Portfolio Pulse from Jelena Martinovic

July 30, 2024 | 6:23 pm

The cannabis industry is witnessing significant executive changes across various companies, with new CEOs, CFOs, COOs, and board members being appointed. These changes come as the industry prepares for the Benzinga Cannabis Capital Conference in Florida, highlighting the sector's dynamic nature and growth. Notably, U.S.-based cannabis executives' salaries have surpassed the $500,000 mark, indicating the industry's lucrative potential. Companies like Decibel Cannabis, Schwazze, DIZPOT, and others have announced leadership changes, aiming to strengthen their market positions and expand operations.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:22 am

Several changes in leadership and board positions have occurred in the cannabis industry. Suzanne Bergeron has been appointed as the new president and CEO of the Société québécoise du cannabis (SQDC). In Morocco, Mohamed El Guerrouj has been named the general director of the Morocco National Agency for Regulating Cannabis Related Activities (ANRAC). In the U.S., Debra Hilton-Creek has been named the acting executive director of the Massachusetts Cannabis Control Commission (CCC). Several cannabis companies including Greenway Greenhouse Cannabis Corporation, StateHouse Holdings Inc., Glass House Brands Inc., Rubicon Organics Inc., Greenlane Holdings, Inc., Flora Growth Corp., and Nextleaf Solutions Ltd. have also announced changes in their board of directors.

Portfolio Pulse from Jelena Martinovic

November 02, 2023 | 6:41 pm

Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) has signed an agreement with Green Hedge to act as an outside sales force, providing coverage to licensed cannabis retailers and provincial wholesalers across Canada. Green Hedge operates in 9 provinces and has over 2,800 active retail partners, achieving retail penetration rates of over 93% with their customers. The partnership will give Greenway instant access to thousands of stores across Canada.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 2:28 am

Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTC:GWAYF) has launched its first brands and SKUs in the Canadian market. The company's president and CEO expressed their commitment to providing high-quality products at fair prices. The new brands include EPIC Cannabis Co and MillRite. The company's CFO outlined a strategic shift towards a hybrid B2B and B2C business model, anticipating increased revenues and gross profits.

Portfolio Pulse from Nicolás Jose Rodriguez

September 28, 2023 | 11:54 pm

Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) announced its Q2 2023 interim financial results, highlighting positive adjusted EBITDA of CAD $16,408 on CAD $1,174,189 of revenue. The company reported a net income loss of $1,109,781 for the quarter due to factors like fair value adjustments on inventory and biological assets, amortization, share-based compensation, investor relation expenses, bad debt, and interest costs. The company's cost of sales led to a total gross margin of 18%.

Portfolio Pulse from Nicolás Jose Rodriguez

August 30, 2023 | 4:06 pm

Greenway Greenhouse Cannabis Corporation (OTCQB:GWAYF) (CSE:GWAY) reported FY23 revenue of CA$5.6 million ($4.2 million), a 183% increase from FY22. However, gross profit decreased by 12% to CA$741,990 and gross margin dropped to 13.2% from 42.5%. The company also reported a loss of CA$2.6 million, slightly less than the CA$2.9 million loss in FY22. Greenway issued 964,285 common shares to Hybrid Financial Ltd. in partial settlement of outstanding debt.

Portfolio Pulse from Vuk Zdinjak

July 31, 2023 | 1:14 pm

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