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GREENWAY GRENHSE CANNABIS - GWAYF STOCK NEWS

Welcome to our dedicated page for GREENWAY GRENHSE CANNABIS news (Ticker: GWAYF), a resource for investors and traders seeking the latest updates and insights on GREENWAY GRENHSE CANNABIS stock.

Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator based in Kingsville, Ontario, focusing on producing high-quality greenhouse cannabis products for the Canadian market. The company recently shipped its first consumer packaged good, the MillRite branded Lavender Haze pre-rolls, to the Ontario Cannabis Store. With a commitment to quality and consumer satisfaction, Greenway aims to be a trusted choice in the cannabis industry.

Expanding its product portfolio, Greenway has introduced the EPIC Berry Sunset and Pink Moon products, catering to a diverse range of consumer preferences. The company has also taken steps to attain CUMS-GAP and GACP certification, enabling it to distribute its products internationally. With a strong focus on quality, innovation, and international growth, Greenway is poised to become a leading cultivator in Canada's cannabis market.

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Greenway Greenhouse Cannabis (CSE: GWAY) (OTCQB: GWAYF) has surpassed 30,000 KG of cannabis product sold since its inception, highlighting the company's growth and market demand. CEO Jamie D'Alimonte emphasized Greenway's strategic positioning in the evolving cannabis industry, noting they have quadrupled growing capacity and are prepared for further expansion if demand continues to rise.

The company also reported results from its recent Annual General Meeting, where shareholders re-elected Jamie D'Alimonte, Carl Mastronardi, Dennis Staudt, and Marty Komsa as Directors. MNP was reappointed as auditors, and the company's rolling stock option plan was approved. President Carl Mastronardi expressed gratitude for shareholder support and anticipates significant company developments in the coming year.

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Greenway Greenhouse Cannabis (CSE: GWAY, OTCQB: GWAYF) reported record-breaking financial results for Q1 2024 ended June 30. Highlights include:

- Net revenue of $2,394,159, up 104% year-over-year
- Positive Adjusted EBITDA of $316,431, compared to $16,408 in Q1 2023
- Positive net cash flow from operations of $55,418
- 2,153,628 grams of cannabis sold, a 94% increase year-over-year
- Average cash cost per gram of $0.73

The company attributes its success to quality cannabis production, strategic partnerships, and efficient operations. Greenway's MillRite pre-rolls ranked second in sales for their category in Ontario, and the company completed its first harvest for international markets.

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Greenway Greenhouse Cannabis (CSE: GWAY) (OTCQB: GWAYF) reported its audited annual financial statements for the year ended March 31, 2024. Key highlights include:

  • Total grams sold increased 33% to 5,548,692
  • Net revenue decreased 7% to $5,230,194
  • Q4 net revenue increased 9% year-over-year to $1,482,194
  • Average cash cost per gram of $0.74, within management's target
  • Liabilities decreased 59% to $1,390,240
  • Closed $3,500,000 private placement
  • Launched first consumer products in Ontario

The company noted challenging market conditions but saw prices rebound in Q4. Greenway is expanding into international cannabis and domestic consumer markets to diversify revenue streams and increase value per gram produced.

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Greenway Greenhouse Cannabis (CSE: GWAY) (OTCQB: GWAYF) announced the launch of Pink Moon, a new product in their MillRite line, available in Ontario. Pink Moon will be offered in a 2 x 0.5 gram pre-roll format. MillRite is now the #2 ranked brand of pre-rolls in Ontario by total retail sales, and its Lavender Haze pre-rolls have achieved a similar ranking over the past three months. The addition of Pink Moon provides both Indica and Sativa options in the Ontario market. Greenway aims to capture a larger share of the cannabis market, which comprises over 60% of sales in the whole flower and pre-roll segments.

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Greenway Greenhouse Cannabis (GWAYF) has received CUMS-GAP and GACP certification for its cultivation facility in Leamington, Ontario, allowing them to distribute their high-quality greenhouse cannabis internationally. The Company is in talks with various international cannabis purchasers to expand their market reach and increase revenue and gross margins.
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Greenway Greenhouse Cannabis announced the availability of its EPIC Berry Sunset products in Ontario and provided an update on its MillRite sales. EPIC Berry Sunset is now available in a 7-gram format in Ontario, with MillRite ranking as the #4 brand of pre-rolls in its size segment. Greenway is focusing on the whole flower and pre-rolls segments of the CPG market, leveraging its advantageous location in the EPIC area for high-quality, low-cost production.
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Greenway Greenhouse Cannabis (GWAYF) launches MillRite products for online purchase and plans to expand into international cannabis market.
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Greenway Greenhouse Cannabis Corporation (GWAYF) ships its first consumer packaged good to the OCS, marking a significant milestone for the company.
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Greenway Greenhouse Cannabis Corporation (GWAYF) reports strong financial performance with a significant revenue increase, successful private placement, and strategic brand launch plans.
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Greenway Greenhouse Cannabis Corporation appoints Kyle Appleby as Chief Financial Officer, bringing over two decades of financial leadership experience to the company.
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FAQ

What is the current stock price of GREENWAY GRENHSE CANNABIS (GWAYF)?

The current stock price of GREENWAY GRENHSE CANNABIS (GWAYF) is $0.2603 as of October 11, 2024.

What is the market cap of GREENWAY GRENHSE CANNABIS (GWAYF)?

The market cap of GREENWAY GRENHSE CANNABIS (GWAYF) is approximately 46.2M.

Where is Greenway Greenhouse Cannabis Corporation based?

Greenway is headquartered in Kingsville, Ontario.

What products has Greenway recently launched?

Greenway recently introduced the EPIC Berry Sunset, Lavender Haze, and Pink Moon products.

What certifications has Greenway obtained for its cultivation facility?

Greenway has received CUMS-GAP and GACP certification for its facility in Leamington, Ontario.

What is Greenway's focus in the cannabis market?

Greenway aims to deliver high-quality, innovative cannabis products to meet consumer demands.

How does Greenway differentiate itself in the cannabis industry?

Greenway focuses on quality, consumer satisfaction, and international growth to establish itself as a trusted cultivator.

What is Greenway's recent milestone in product distribution?

Greenway shipped its first consumer packaged good, the MillRite branded Lavender Haze pre-rolls, to the Ontario Cannabis Store.

What is Greenway's vision for its international sales?

Greenway aims to expand its wholesale cannabis sales to international markets, leveraging its high-quality products and certifications.

How can consumers access Greenway's products?

Consumers can purchase Greenway's products online through the Ontario Cannabis Store or in stores across Ontario.

What is Greenway's expansion strategy?

Greenway plans to increase its revenue, gross margins, and achieve profitability through international sales and product differentiation.

Where can I find more information about Greenway Greenhouse Cannabis Corporation?

For more information, visit Greenway's website at Greenway.ca.

GREENWAY GRENHSE CANNABIS

OTC:GWAYF

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46.18M
31.46M
76.08%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States of America
Kingsville