Greenway's 2024 Year in Review
Greenway Greenhouse Cannabis (GWAYF) reported significant growth in 2024, achieving record revenue of $2.394m in Q1 FY2025 and its first positive cash flow from operations. The company expanded its grow space by 40% compared to 2023, resulting in a 48% increase in total grams sold and 52% revenue growth.
Key achievements include surpassing 20,000 and 30,000 KG cannabis sales milestones, launching MillRite and EPIC Cannabis Co brands in the Canadian recreational market, and obtaining CUMS-GAP and GACP certifications for international sales. MillRite has become the #2 selling brand of pre-rolls in its size segment. The company also acquired Choice Growers' CPG brands, which have generated millions in revenue since 2022.
On December 31, 2024, Greenway issued 150,000 common shares at $0.35 per share from Convertible Debentures issued in October 2023.
Greenway Greenhouse Cannabis (GWAYF) ha riportato una crescita significativa nel 2024, raggiungendo un fatturato record di $2,394 milioni nel primo trimestre dell'anno fiscale 2025 e il suo primo flusso di cassa positivo dalle operazioni. L'azienda ha ampliato il suo spazio di coltivazione del 40% rispetto al 2023, portando a un aumento del 48% nei grammi totali venduti e del 52% nella crescita dei ricavi.
I risultati chiave includono il superamento delle soglie di vendita di 20.000 e 30.000 KG di cannabis, il lancio dei marchi MillRite e EPIC Cannabis Co nel mercato ricreativo canadese e l'ottenimento delle certificazioni CUMS-GAP e GACP per le vendite internazionali. MillRite è diventato il secondo marchio più venduto di pre-rotoli nel suo segmento di dimensione. L'azienda ha anche acquisito i marchi CPG di Choice Growers, che hanno generato milioni di entrate dal 2022.
Il 31 dicembre 2024, Greenway ha emesso 150.000 azioni ordinarie a $0,35 per azione provenienti da debentures convertibili emessi nell'ottobre 2023.
Greenway Greenhouse Cannabis (GWAYF) informó un crecimiento significativo en 2024, alcanzando un ingreso récord de $2.394 millones en el primer trimestre del año fiscal 2025 y su primer flujo de efectivo positivo de las operaciones. La empresa expandió su espacio de cultivo en un 40% en comparación con 2023, resultando en un aumento del 48% en los gramos totales vendidos y un crecimiento del 52% en los ingresos.
Los logros clave incluyen superar los hitos de ventas de 20,000 y 30,000 KG de cannabis, el lanzamiento de las marcas MillRite y EPIC Cannabis Co en el mercado recreativo canadiense y la obtención de las certificaciones CUMS-GAP y GACP para ventas internacionales. MillRite se ha convertido en la segunda marca más vendida de pre-rolls en su segmento de tamaño. La empresa también adquirió las marcas CPG de Choice Growers, que han generado millones en ingresos desde 2022.
El 31 de diciembre de 2024, Greenway emitió 150,000 acciones comunes a $0.35 por acción provenientes de debentures convertibles emitidos en octubre de 2023.
그린웨이 그린하우스 대마초 (GWAYF)는 2024년도에 중요한 성장을 보고했으며, 2025 회계연도 1분기에 $2.394 백만의 기록적인 수익을 달성하고 최초로 운영에서 긍정적인 현금 흐름을 기록했습니다. 2023년에 비해 40% 성장한 재배 공간을 확장했으며, 이로 인해 판매한 총 그램 수가 48% 증가하고 수익이 52% 성장했습니다.
주요 성과로는 20,000KG 및 30,000KG 대마초 판매 이정표를 초과 달성한 것, 캐나다 레크리에이션 시장에서 MillRite 및 EPIC Cannabis Co 브랜드를 출시한 것, 그리고 국제 판매를 위한 CUMS-GAP 및 GACP 인증을 취득한 것이 있습니다. MillRite는 같은 사이즈 세그먼트에서 사전 롤의 2위 판매 브랜드가 되었습니다. 이 회사는 또한 Choice Growers의 CPG 브랜드를 인수했으며, 이 브랜드는 2022년 이후으로 수익에서 수백만 달러를 창출했습니다.
2024년 12월 31일, 그린웨이는 2023년 10월에 발행된 전환사채에서 주당 $0.35로 150,000 주식의 보통주를 발행했습니다.
Greenway Greenhouse Cannabis (GWAYF) a fait état d'une croissance significative en 2024, atteignant des revenus record de 2,394 millions de dollars au premier trimestre de l'exercice 2025 et son premier flux de trésorerie positif provenant des opérations. L'entreprise a élargi son espace de culture de 40 % par rapport à 2023, entraînant une augmentation de 48 % du total des grammes vendus et une croissance des revenus de 52 %.
Parmi les réalisations clés figurent le dépassement des jalons de vente de 20 000 et 30 000 KG de cannabis, le lancement des marques MillRite et EPIC Cannabis Co sur le marché récréatif canadien et l'obtention des certifications CUMS-GAP et GACP pour les ventes internationales. MillRite est devenue la deuxième marque la plus vendue de pré-roulés dans son segment de taille. L'entreprise a également acquis les marques CPG de Choice Growers, qui ont généré des millions de revenus depuis 2022.
Le 31 décembre 2024, Greenway a émis 150 000 actions ordinaires à 0,35 $ par action provenant des obligations convertibles émises en octobre 2023.
Greenway Greenhouse Cannabis (GWAYF) berichtete 2024 von einem signifikanten Wachstum, erzielte im ersten Quartal des Geschäftsjahres 2025 einen Rekordumsatz von 2,394 Millionen USD und erzielte erstmals einen positiven Cashflow aus den Betriebsabläufen. Das Unternehmen erweiterte seine Anbaufläche um 40% im Vergleich zu 2023, was zu einem Anstieg von 48% in den insgesamt verkauften Gramm und einem Umsatzwachstum von 52% führte.
Zu den wichtigsten Erfolgen gehören das Überschreiten von 20.000 und 30.000 KG Cannabis-Verkaufsmeilensteinen, die Einführung der Marken MillRite und EPIC Cannabis Co auf dem kanadischen Freizeitmarkt und der Erhalt von CUMS-GAP und GACP Zertifizierungen für den internationalen Verkauf. MillRite ist zur zweitbesten Verkaufsmarke von Pre-Rolls in ihrem Größensegment geworden. Das Unternehmen hat auch die CPG-Marken von Choice Growers erworben, die seit 2022 Millionen an Umsatz generiert haben.
Am 31. Dezember 2024 gab Greenway 150.000 Stammaktien zu je 0,35 USD aus, die aus im Oktober 2023 ausgegebenen Wandelanleihen stammen.
- Record quarterly revenue of $2.394m in Q1 FY2025
- First-time positive cash flow from operations
- 48% increase in total grams sold year-over-year
- 52% revenue growth compared to 2023
- 40% expansion in grow space utilization
- Achieved #2 market position in pre-roll segment with MillRite brand
- Obtained international sales certifications (CUMS-GAP and GACP)
- Strategic acquisition of Choice Growers' CPG brands
- Dilution of shareholder value through issuance of 150,000 new shares
KINGSVILLE, ON, Jan. 2, 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, is pleased to provide a review of the Company's key accomplishments over the past year delivering shareholder value and expanding Greenway's domestic and international distribution.
Highlights
- Achieved a record revenue of
$2.39 4m - Greenway utilized
40% more grow space in 2024 than in 2023, which helped increase total grams sold by over48% and total revenues by52% 1 - Greenway surpassed both the 20,000 and 30,000 KG mark for sales of cannabis products, achieving these milestones at an accelerating pace.
- The Company introduced both MillRite and EPIC Cannabis Co brands to the Canadian recreational market, entering the consumer-packaged goods ("CPG") space. This helped to increase revenue and diversify Greenway's portfolio beyond the wholesale cannabis markets.
- Throughout the year, the Company introduced new pre-roll and whole flower SKUs. Since its launch, MillRite has been the #2 selling brand of pre-rolls in its size segment.
- In April, the Company received CUMS-GAP and GACP certifications, allowing its cannabis product to be sold internationally.
- The Company and its management team were featured in the Canadian Securities Exchange magazine in July: "Unique expertise and steady strategy have this cannabis company positioned to reach new heights".2
- The Company ended the year by acquiring all CPG brands from Choice Growers, which have achieved millions of dollars in revenue across
Canada since launching in 2022.
Carl Mastronardi, President of Greenway said: "2024 was a great year for Greenway. We grew every sector of our wholesale business, released exciting new cultivars, and expanded into both the domestic CPG and international wholesale markets. Our initial launch into the CPG space has been a strong success, becoming the #2 ranked brand and #2 ranked SKU in the category."
"As the cannabis industry in
Issuance of Shares
On December 31, 2024, the Corporation issued 150,000 common shares ("Shares") arising from a Convertible Debentures ("Debentures") issued by the Corporation in October of 2023. The Shares were issued at a deemed price of
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.
1 This compares CY January 1 to November 31, as the Company has not yet released its FY Q3 25. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/greenways-2024-year-in-review-302340823.html
SOURCE Greenway Greenhouse Cannabis Corporation
FAQ
What was Greenway's (GWAYF) revenue growth in 2024?
How much did Greenway (GWAYF) increase its cannabis production in 2024?
What new brands did Greenway (GWAYF) launch in 2024?
What certifications did Greenway (GWAYF) receive for international sales in 2024?
What was the significance of Greenway's (GWAYF) Q1 FY2025 performance?
