The Company is pleased to report the following results for the year ended March 31, 2025. All amounts are expressed in Canadian dollars:
Annual net revenue of $8,948,943 for the year, an increase of 71% compared to the prior year. Fourth quarter net revenue was $3,071,106, an increase of 107% from the same quarter in the prior fiscal year
Total grams or grams equivalent sold during the fiscal year were 6,803,628, representing a 23% increase year-over-year.
Annual average sales price of $1.32 per gram, up 40% from the prior year with a fourth quarter average sales price of $1.46 per gram.
Average cash cost per gram sold of $0.83 per gram, with a fourth quarter cost per gram sold of $0.73.
Adjusted EBITDA of $1,181,419, compared to a negative adjusted EBITDA of $624,391 in the prior year.
Excluding amounts due to related parties, the Company had a positive working capital of $3,997,814 as at March 31, 2025 (March 31, 2024 - $3,283,911).
Net cash provided by operating activities was $1,806,461, compared to net cash used of $2,047,081 in the prior year.
The Company achieved a net income for the fourth quarter of $202,729.
Cash balance increased by $1,612,088 to $3,142,898 over the course of the fiscal year.
"This past year marks a true turning point for Greenway. Our 71% increase in annual revenue and over 100% revenue growth in the fourth quarter underscore the growing demand for our high-quality cannabis. We're especially proud to see average selling prices rise 40% year over year—reflecting both the strength of the Greenway brand and the premium nature of our flower. Perhaps most importantly, we transitioned from burning cash to generating it, with over $1.8 million in ...
