Mercanto Holdings Inc. Reports Q1 Fiscal 2026 Financial Results

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[{"type":"text","content":"\n\n\nMercanto Holdings Inc. Reports Q1 Fiscal 2026 Financial Results\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nMONTRÉAL, Dec. 29, 2025 /CNW/ - Mercanto Holdings Inc. (TSX-V: MUSH) (the \"Company\" or \"Mercanto\"), a Québec-based cannabis product company focused on the Canadian regulated market, today reported its financial results for the three months ended October 31, 2025 (\"Q1 Fiscal 2026\").\n\n\n\n\n\n\n\nQ1 Fiscal 2026 Highlights\nRevenue of $900,013, representing a 9% increase year-over-yearNet revenue of $784,529, after excise taxesContinued disciplined cost management, with material reductions in selling and marketing expensesCash balance of $310,237 at quarter-end.Successful execution of new product launches early in Q2 Fiscal 2026, positioning the Company in higher-growth vape categoriesNo long-term debt, maintaining a conservative and flexible balance sheetTight capital structure, with 51,674,683 common shares outstandingFinancial Performance Overview\nFor Q1 Fiscal 2026, Mercanto generated revenue of $900,013, compared to $824,225 in the same period last year. The increase reflects modest volume growth and continued presence in the Québec market, which remains the Company's largest province by revenue.\nGross margin for the quarter was impacted by temporary product-mix dynamics, including a higher proportion of flow-through SKUs in Ontario and concentrates over-all. These factors were partially offset by lower selling, freight, and marketing expenses, as management continued to operate with a disciplined, asset-light cost structure.\nThe Company reported a net loss of $146,213 for the quarter, compared to a net loss of $55,222 in Q1 Fiscal 2026.\nManagement believes its current liquidity profile, combined with favorable supplier terms and a capital-efficient operating model, provides adequate flexibility to support near-term operations and product rollouts.\nOperational and Subsequent Highlights\nQuébec Listing Framework Improvements: Subsequent to quarter-end, Québec implemented revised listing proced...

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