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Avicanna (AVCN) investor relations material
Avicanna Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly revenue and gross profit in Q1 2026, driven by Canadian commercial growth and proprietary product expansion.
Continued advancement of pharmaceutical pipeline, medical affairs, and international platform.
MyMedi.ca platform delivered its fourth consecutive quarter of growth, with highest unit sales on record.
Expanded product portfolio and commercial listings across medical and adult-use channels in Canada.
Financial highlights
Q1 2026 revenue reached $6.68 million, up 6% year-over-year, marking the highest in company history.
Gross profit was $3.84 million, a 7% increase year-over-year; gross margin improved to 58%.
Adjusted EBITDA loss of $0.15 million, down from adjusted EBITDA income of $0.43 million in Q1 2025, due to revenue mix shift and higher SG&A expenses.
Working capital deficit reduced by $0.96 million to $0.32 million, supporting inventory growth.
Outlook and guidance
U.S. rescheduling of medical cannabis aligns with strategy and supports future R&D and clinical initiatives.
Ongoing monitoring of regulatory developments and assessment of U.S. market entry pathways.
- 2025 saw improved margins, reduced losses, and all AGM proposals passed for future growth.AVCN
AGM 20268 May 2026 - Gross margin rose to 53% in 2025, with near break-even EBITDA and global expansion underway.AVCN
Q4 20257 Apr 2026 - Expanding globally with proprietary cannabinoid medicines and platforms, targeting medical markets.AVCN
Life Sciences Virtual Investor Forum23 Mar 2026 - Poised for scale-up in 2026 with new technologies, clinical progress, and global expansion.AVCN
Status Update17 Dec 2025 - Revenue and unit sales grew, international reach expanded, and new IP was secured in Q3 2025.AVCN
Q3 202526 Nov 2025 - Record revenue, margin gains, and global expansion set the stage for 2025 profitability.AVCN
Q4 202424 Nov 2025 - Gross margin rose to 51% in Q2 2025, with positive six-month adjusted EBITDA and expanded product reach.AVCN
Q2 202525 Aug 2025 - Revenue up 75% to $18.8M, gross margin 57%, and EBITDA loss narrowed in Q3 2024.AVCN
Q3 202413 Jun 2025 - Q2 revenue up 85%, gross margin 49%, and adjusted EBITDA loss narrowed by 65%.AVCN
Q2 202413 Jun 2025
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