PICKERING, ON, Aug. 29, 2024 /CNW/ - MTL Cannabis Corp. (CSE:MTLC) ("MTL" or the "Company") is pleased to report it has filed the financial statements as at and for the three-month period ending June 30, 2024, and 2023. Complete details may be found at www.sedarplus.ca.
First Quarter 2025 Consolidated Financial Highlights for MTL:
Income Statement:
Revenue of $25,842,264, an improvement of $8,978,969, or 53%, compared to $16,863,295 in the same quarter of last year.
Net Revenue of $20,721,232, an improvement of $7,957,445, compared to $12,763,787 in the same quarter of last year.
Gross margin before fair value adjustments of 54%, an increase of 16%, compared to 38% in the same quarter of last year.
Operating Income of $4,963,969, an improvement of $4,364,370, compared to $599,599 in the same quarter of last year.
Net Income and Comprehensive Income of $2,206,313, an improvement of $2,393,161, compared to a loss of ($186,848) in the same quarter of last year.
Statement of Cash Flows:
Net cash inflows from operating activities of $5,602,954, ...
