C21 Investments says Q1 revenue falls 10.8% on Nevada cannabis price compression, rising competition

Reuters2026/08/21 10:07

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For the three months ended June 30, 2026, revenue fell 10.8% to $7.6 million, reflecting Nevada price compression and intensifying competition.
Retail revenue declined 7.6% to $7.4 million; wholesale revenue dropped to $0.21 million from $0.52 million.
Gross margin slipped to 32.5% from 34.9%; management attributed the sequential drop from 43.5% to seasonal factors.
Operating loss widened to $1.2 million, driven by lower margin, $558,501 in transaction-related professional fees, higher share-based compensation.
Cash totaled $2.62 million; working capital surplus was $1.5 million, with management citing continued positive operating cash flow of $0.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C21 Investments Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-26-004543), on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

C21 Investments says Q1 revenue falls 10.8% on Nevada cannabis price compression, rising competition

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