CanadaBis Capital (CANB) Q1 2026 earnings summary

Executive summary

• Achieved positive operating cash flow and Adjusted EBITDA for fiscal Q1 2026, despite temporary market disruptions in British Columbia due to labor issues impacting cannabis distribution.

• Management credits cost and labor efficiency initiatives and a shift toward higher-margin products for improved results.

Financial highlights

• Gross revenue for Q1 2026 was $5.7 million, down from $9.6 million year-over-year.

• Net revenue was $3.3 million, compared to $5.1 million in the prior year.

• Gross profit reached $1.5 million, with gross margin improving to 27.0% from 22.9% year-over-year.

• Net loss of $128,539, compared to net income of $321,569 in Q1 2025.

• Adjusted EBITDA was $197,029, down from $675,892 year-over-year.

• Cash and cash equivalents stood at $938,926 at quarter-end.

Outlook and guidance

• Management remains focused on strengthening liquidity, enhancing operating performance, and advancing initiatives for long-term cash generation and stability.

• Forward-looking statements highlight expectations for margin sustainability, liquidity improvement, and continued demand for extract-derived and infused cannabis products.