CanadaBis Capital (CANB) Q3 2025 earnings summary

Executive summary

• Achieved positive adjusted EBITDA of $440,665 for Q3 2025, reflecting operational efficiency despite a challenging cannabis market.

• Gross revenue reached $5.5 million for Q3 2025, with a 6% increase in gross profit margin compared to prior periods.

• Launched new diamond and Keef-coated pre-rolls, which sold out multiple times, indicating strong market demand.

• Preparing to launch innovative vape hardware later in 2025 to re-enter the vape market.

Financial highlights

• Gross revenue for Q3 2025 was $5.5 million, reflecting SKU rationalization and seasonally weak sales.

• Adjusted EBITDA remained robust at $440,665, consistent with previous quarters despite lower revenue.

• SG&A expenses reduced by 30% year-over-year to $1.4 million, supporting profitability.

Outlook and guidance

• Focus remains on cost management, operational optimization, and product innovation to drive future growth.

• Evaluating expansion into flower sales, international licensing, and bulk extract B2B channels.

• Management expects continued operational efficiency and strategic growth opportunities.