CanadaBis Capital (CANB) Q1 2025 earnings summary

Executive summary

• Achieved record gross revenue of $9.6 million for Q1 F2025, a 7% increase year-over-year.

• Net income reached $321,569, reversing a loss from the prior quarter.

• Adjusted EBITDA was $675,892, reflecting operational profitability.

• Launched multiple new products, including high-potency pre-rolls and innovative concentrate offerings.

• Initiated first international shipments to Europe, expanding geographic reach.

Financial highlights

• Gross revenue rose to $9.6 million from $9.0 million year-over-year.

• Net revenue for Q1 F2025 was $5.1 million, down 11.74% year-over-year but up 31% sequentially from Q4 2024.

• Gross profit for the quarter was $2.2 million.

• Sold over 570,000 units, a 4% increase from the prior year.

Outlook and guidance

• Management expects continued cost reductions through supplier negotiations and operational efficiencies throughout 2025.

• Anticipates growth from new product launches and international expansion.

• Plans to optimize capacity allocation to maintain mandated gross profit margins.