KINGSVILLE, ON – Greenway Greenhouse Cannabis Corporation, a cultivator of greenhouse cannabis for the Canadian market, filed its unaudited condensed interim financial statements for the first quarter ended June 30, 2025.
All amounts are expressed in Canadian dollars.
Highlights
Average net sales price per gram increased to $1.71 (Q1 F2025: $1.11): a 54% increase per gram and a cash cost per gram in finished goods decreased to $0.70 (Q4 F2025: $0.92).
Net cannabis revenue of $1,621,062 (Q1 F2025: $2,394,159).
Gross profit improved to $841,227 (Q1 F2025: $342,922).
Gross margin improved to 50% (Q1 F2025: 14%); gross margin before fair value adjustments rose to 30% (Q1 F2025: 14%).
Adjusted EBITDA was $78,723 (Q1 F2025: $316,431).
Net loss narrowed to $166,453, an improvement of $375,025 (69%) compared to Q1 F2025, driven by higher gross margin.
Finished goods inventory totaled 1,274,617 grams valued at $1,174,581, positioning the Company to meet purchase orders.
Cash balance of $2,192,005 with positive working capital (excluding related party amounts) of $4,203,627.
About Greenway
Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator for the Canadian cannabis marketplace.
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