Cannabis Co. C21 Investments Reports Stub Period Revenue Of $4.5M Following $3.5M Deep Roots Harvest Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
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Should l Buy ?
Source: Benzinga
Financial Performance: C21 Investments Inc. reported its audited financial statements for a two-month stub period ending March 31, 2024, showing revenue of $4.5 million, gross profit of $1.8 million, and positive free cash flow of $0.9 million, despite a net loss of $74,404.
Strategic Changes: The company has shifted its fiscal year end from January 31 to March 31 to align better with peers and has completed a $3.5 million acquisition of a retail cannabis dispensary in South Reno, Nevada.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
