Greenway Announces Third Quarter Financial Results
Greenway Greenhouse Cannabis (GWAYF) has reported strong financial results for Q3 2025 ended December 31, 2024. The company achieved net revenue of $1.67M, marking a 21% increase from Q3 2024. For the nine-month period, revenue reached $5.87M, up 57% year-over-year.
Key highlights include a 30% increase in cannabis prices to $1.58 per gram, positive Adjusted EBITDA of $85,758, and improved cash flow with $748,267 provided by operating activities. The company's MillRite brand maintained its position as the #2 ranked pre-roll brand in its segment. Greenway also expanded its product lineup with several new SKUs including Lavender Haze, Pink Moon, and Blue Crush.
Greenway Greenhouse Cannabis (GWAYF) ha riportato risultati finanziari solidi per il terzo trimestre del 2025, terminato il 31 dicembre 2024. L'azienda ha raggiunto un fatturato netto di $1,67 milioni, segnando un aumento del 21% rispetto al terzo trimestre del 2024. Nel periodo di nove mesi, il fatturato ha raggiunto $5,87 milioni, con un incremento del 57% rispetto all'anno precedente.
I punti salienti includono un aumento del 30% dei prezzi della cannabis a $1,58 per grammo, un EBITDA rettificato positivo di $85.758 e un flusso di cassa migliorato con $748.267 forniti dalle attività operative. Il marchio MillRite dell'azienda ha mantenuto la sua posizione come il secondo marchio di pre-roll più quotato nel suo segmento. Greenway ha anche ampliato la sua gamma di prodotti con diversi nuovi SKU, tra cui Lavender Haze, Pink Moon e Blue Crush.
Greenway Greenhouse Cannabis (GWAYF) ha reportado resultados financieros sólidos para el tercer trimestre de 2025, que finalizó el 31 de diciembre de 2024. La compañía logró ingresos netos de $1.67 millones, marcando un aumento del 21% con respecto al tercer trimestre de 2024. Durante el período de nueve meses, los ingresos alcanzaron $5.87 millones, un aumento del 57% interanual.
Los aspectos destacados incluyen un aumento del 30% en los precios del cannabis a $1.58 por gramo, un EBITDA ajustado positivo de $85,758 y un flujo de efectivo mejorado con $748,267 proporcionados por actividades operativas. La marca MillRite de la compañía mantuvo su posición como la segunda marca de pre-roll más valorada en su segmento. Greenway también amplió su línea de productos con varios nuevos SKU, incluidos Lavender Haze, Pink Moon y Blue Crush.
그린웨이 그린하우스 대마초 (GWAYF)는 2024년 12월 31일 종료된 2025년 3분기 강력한 재무 결과를 보고했습니다. 이 회사는 167만 달러의 순매출을 달성하며 2024년 3분기 대비 21% 증가했습니다. 9개월 동안의 매출은 587만 달러에 도달하며 전년 대비 57% 증가했습니다.
주요 하이라이트로는 대마초 가격이 그램당 1.58달러로 30% 상승했으며, 조정된 EBITDA가 85,758달러로 긍정적이고 운영 활동으로부터 748,267달러의 개선된 현금 흐름을 기록했습니다. 회사의 MillRite 브랜드는 해당 세그먼트에서 2위의 프리롤 브랜드로 자리 잡았습니다. 그린웨이는 또한 Lavender Haze, Pink Moon, Blue Crush를 포함한 여러 새로운 SKU로 제품 라인업을 확장했습니다.
Greenway Greenhouse Cannabis (GWAYF) a rapporté des résultats financiers solides pour le troisième trimestre de 2025, se terminant le 31 décembre 2024. L'entreprise a atteint un chiffre d'affaires net de 1,67 million de dollars, marquant une augmentation de 21% par rapport au troisième trimestre de 2024. Pour la période de neuf mois, le chiffre d'affaires a atteint 5,87 millions de dollars, en hausse de 57% par rapport à l'année précédente.
Les points forts incluent une augmentation de 30% des prix du cannabis à 1,58 dollar par gramme, un EBITDA ajusté positif de 85 758 dollars et un flux de trésorerie amélioré avec 748 267 dollars fournis par les activités opérationnelles. La marque MillRite de l'entreprise a maintenu sa position en tant que deuxième marque de pré-rouleaux dans son segment. Greenway a également élargi sa gamme de produits avec plusieurs nouveaux SKU, notamment Lavender Haze, Pink Moon et Blue Crush.
Greenway Greenhouse Cannabis (GWAYF) hat für das dritte Quartal 2025, das am 31. Dezember 2024 endete, starke finanzielle Ergebnisse berichtet. Das Unternehmen erzielte Nettoerlöse von 1,67 Millionen Dollar, was einem Anstieg von 21% im Vergleich zum dritten Quartal 2024 entspricht. Im Neunmonatszeitraum erreichten die Einnahmen 5,87 Millionen Dollar, was einem Anstieg von 57% im Jahresvergleich entspricht.
Wichtige Highlights sind ein Anstieg der Cannabispreise um 30% auf 1,58 Dollar pro Gramm, ein positives bereinigtes EBITDA von 85.758 Dollar und ein verbesserter Cashflow mit 748.267 Dollar, die aus operativen Aktivitäten stammen. Die Marke MillRite des Unternehmens behielt ihre Position als die zweitbeste Pre-Roll-Marke in ihrem Segment. Greenway hat auch sein Produktangebot mit mehreren neuen SKUs erweitert, darunter Lavender Haze, Pink Moon und Blue Crush.
- Net revenue up 21% YoY to $1.67M in Q3
- Nine-month revenue increased 57% YoY to $5.87M
- Cannabis prices up 30% to $1.58 per gram
- Positive Adjusted EBITDA of $85,758
- Operating cash flow improved to $748,267 from -$1.8M
- Maintained #2 position in pre-roll segment
- None.
KINGSVILLE, ON, Feb. 27, 2025 /PRNewswire/ - Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTCQB: GWAYF) ("Greenway" or the "Company"), a cultivator of high-quality greenhouse cannabis for the Canadian market, today reported its interim financial results for the third quarter ended December 31, 2024.
Highlights:
- Greenway produced a net revenue of
$1,676,721 21% from the same quarter in fiscal 2024. - For the nine months ended December 31, 2024, the Company has reported
$5,877,837 57% from the same time period in fiscal 2024, and also surpassing the total of the previous full fiscal year. - Greenway has continued to see an increase in cannabis prices, realizing
$1.58 $1.22 30% increase. - Greenway achieved a positive Adjusted EBITDA of
$85,758 - Net cash provided by operating activities was
$748,267 $1,804,206 - Greenway's MillRite brand maintained its position as the #2 ranked brand of pre-roll in its size segment, including having the #2 ranked indica and sativa pre-roll SKUs.
- Greenway launched new SKUs in the Canadian recreational market with new Lavender Haze, Pink Moon and Blue Crush SKUs, and the addition of new brands like the Jeffrey, Grapefruit God Bud, Watermelon Pebbles, Pink Lemonade, Duke Nukem, Tangerine Dream and Blackberry Cheesecake.
"I am pleased to see that we continue to improve our sales compared to previous periods, and it Is because of our strong product and team that this quarter has shown a
A copy of the unaudited condensed interim financial statements for the three and nine months ended December 31, 2024 are prepared in accordance with International Financial Reporting Standards (IFRS) and the related Management's Discussion and Analysis is available under the Company's profile on www.sedarplus.ca. All amounts expressed in this press release refer to Canadian dollars.
________________________________ |
1 "Bulk Wholesale Cannabis and Extract Pricing Report - 2024 Review and 2025 Outlook." Canadian Cannabis Exchange, 14 Feb. 2025, canadiancannabisx.com/reports/. |
Non-IFRS Measures
Management uses a non-IFRS measure to assess the Company's performance. Non-IFRS measures do not have any standardized meaning under IFRS and are not a measure of financial performance under IFRS, and therefore, may not be comparable to similar measures presented by other companies. Please refer to page 1 of the Company's Management's Discussion and Analysis for an explanation of the composition of Adjusted EBITDA, an explanation of how it provides useful information to an investor and a quantitative reconciliation to the most directly comparable financial measure under IFRS, all of which is hereby incorporated by reference in this press release.
Reconciliations of Non-IFRS Measures
The following table reconciles the non-IFRS measure to the most comparable IFRS measure for the three and nine months ended December 31, 2024. This measure does not have any standardized meaning under IFRS and is not a measure of financial performance under IFRS, and therefore, may not be comparable to similar measures presented by other companies.
For the three months ended December 31, 2024 | |
Net Income (Loss) | (675,076) |
Amortization – Cost of sales |
335,476 |
Amortization – Operating expenses | 104,079 |
Bad debt | 13,666 |
Impairment of intangible asset | 35,913 |
Interest expense | 271,700
|
$ | |
Adjusted EBITDA | 85,758 |
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in
Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in
The CSE has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding the Offering and the intended use of proceeds thereof, and the Company's beliefs, plans, expectations, future, strategy, objectives, goals and targets, the development of future operations, and orientations regarding the future as of the date of this news release. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward- looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, and includes those risks described in the Company's final prospectus dated September 3, 2021, a copy of which is available under the Company's profile at www.sedarplus.ca. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements.
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SOURCE Greenway Greenhouse Cannabis Corporation
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