Quarterly ResultJun 12, 2026, 06:07 AM
C21 Investments Reports FY2026 Revenue of $32.61M, Net Loss of $3.24M
AI Summary
C21 Investments Inc. filed its annual financial statements for the years ended March 31, 2026 and 2025. The company reported an increase in revenue to $32.61 million and a reduced net loss of $3.24 million for FY2026. However, total assets and shareholders' equity saw a decrease. The filing also notes the recent rescheduling of marijuana to Schedule III by the DEA and the company's ongoing assessment of its impact.
Key Highlights
- C21 Investments Inc. reported revenue of $32.61 million for the year ended March 31, 2026, an increase from $30.12 million in the prior year.
- Gross profit increased to $13.61 million for FY2026 from $12.56 million for FY2025.
- Income from operations rose to $2.28 million in FY2026, up from $1.28 million in FY2025.
- Net loss for FY2026 was $3.24 million, an improvement from a net loss of $3.97 million in FY2025.
- Basic and diluted loss per share remained at ($0.03) for both FY2026 and FY2025.
- Total assets decreased to $54.42 million as of March 31, 2026, from $57.00 million as of March 31, 2025.
- Total liabilities increased to $28.99 million as of March 31, 2026, from $28.32 million as of March 31, 2025.
- Shareholders' equity decreased to $25.43 million as of March 31, 2026, from $28.68 million as of March 31, 2025.
Price Impact