Business
Greenway Announces First Quarter Financial Statements
Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTCQB: GWAYF) ("Greenway" or the "Company"), a cultivator of high-quality greenhouse cannabis for the Canadian market, today filed its unaudited condensed interim financial statements for the first quarter ended June 30, 2025.
About this update from Greenway Greenhouse Cannabis Corp.
[{"type":"text","content":"KINGSVILLE, ON, Aug. 27, 2025 /PRNewswire/ - Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTCQB: GWAYF) ("Greenway" or the "Company"), a cultivator of high-quality greenhouse cannabis for the Canadian market, today filed its unaudited condensed interim financial statements for the first quarter ended June 30, 2025.","length":365,"tagName":"p"},{"type":"image","alt":"Greenway Greenhouse Cannabis Corporation Logo (CNW Group/Greenway Greenhouse Cannabis Corporation)","displaySize":"","headline":null,"caption":"Greenway Greenhouse Cannabis Corporation Logo (CNW Group/Greenway Greenhouse Cannabis Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":133,"url":"https://media.zenfs.com/en/prnewswire.com/dba842e223c04fa8ec8ff51b2b074a77"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5HoS.iNEniw2ejJzdfFdmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/dba842e223c04fa8ec8ff51b2b074a77","width":400,"height":133}},"href":"https://mma.prnewswire.com/media/2758661/Greenway_Greenhouse_Cannabis_Corporation_Greenway_Announces_Firs.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Highlights for the quarter ended June 30, 2025. All amounts are expressed in Canadian dollars:","length":94,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Average net sales price per gram increased to $1.71 (Q1 F2025: $1.11): a 54% increase per gram and a cash cost per gram in finished goods decreased to $0.70 (Q4 F2025: $0.92). This is the highest difference in sales price to cash cost in the Company's history.","length":264,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cannabis revenue of $1,621,062 (Q1 F2025: $2,394,159).","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit improved to $841,227 (Q1 F2025: $342,922).","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin improved to 50% (Q1 F2025: 14%); gross margin before fair value adjustments rose to 30% (Q1 F2025: 14%).","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA was $78,723 (Q1 F2025: $316,431).","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss narrowed to $166,453, an improvement of $375,025 (69%) compared...