Cantourage Group (HIGH) Q1 2025 TU earnings summary

Executive summary

• Achieved record quarterly revenue of EUR 25.6 million in Q1 2025, more than quadrupling year-over-year from EUR 6.1 million in Q1 2024.

• Surpassed EUR 10.7 million in monthly revenue for the first time in March 2025, exceeding the previous record of EUR 8.5 million in December 2024.

• Strong demand for cannabis flowers in Germany, Poland, and the UK, supported by expanded processing capacities and global supply partnerships.

Financial highlights

• Q1 2025 revenue reached EUR 25.6 million, up from EUR 6.1 million in Q1 2024.

• 2024 full-year revenue was EUR 51.4 million, a 118% increase from EUR 23.6 million in 2023.

• March 2025 monthly revenue hit EUR 10.7 million, setting a new company record.

Outlook and guidance

• Continued focus on expanding European market leadership and global supply chain, particularly through partnerships with Canadian growers.

• Anticipates further growth as regulatory changes in Germany improve access and reduce barriers for doctors, pharmacists, and patients.