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Vancouver, British Columbia–(Newsfile Corp. – May 17, 2021) – C21 Investments (CSE: CXXI) (OTCQX: CXXIF) (“C21” or the “Company”) a vertically-integrated cannabis company, today announced the release of the audited financial statements for the year ended January 31, 2021 has been revised to May 27, 2021. This date is later than the previously announced date of May 18, 2021, but still ahead of the statutory deadline of May 31, 2021.
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“While we are extending our target for the release of the audited financials, we are pleased with the progress and professionalism of our new auditors from Baker Tilly,” said Michael Kidd, CFO.
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C21 Investments Inc.: C21 Announces Divestment of Non-Core Assets in Oregon
Vancouver, British Columbia (Newsfile Corp. - January 7, 2021) - C21 Investments Inc. (CSE: CXXI
) (OTCQX: CXXIF) ( C21 or the Company ), a leading vertically integrated cannabis company, today announces the divestment of select non-core assets in Oregon and provides an update on convertible debenture conversion, including C$4.7 million in funds to the Company on warrants exercised. (All currency is in U.S. dollars unless otherwise noted.
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C21 has signed a definitive agreement for the sale of select non-core assets in Oregon, currently under third-party management agreements as outlined in the press release dated August 4, 2020, for $1.3 million. These assets include the Company s Portland processing equipment, the Dab Society brand, a retail and wholesale license, including the assumption of respective leases. The Company has received a $300,000 cash down payment with an additional $200,000 to be pai
C21 Investments Announces Q3 Results
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Net Income of $2.3 Million Highlights Strong Profitability
VANCOUVER, Dec. 16, 2020 /PRNewswire/ - C21 Investments Inc. (CSE: CXXI) (OTCQX: CXXIF) ( C21 or the Company ), a leading vertically integrated cannabis company, today announced unaudited results for its third quarter ended October 31, 2020.
Q3 Financial Highlights: (all currency in
U.S. dollars)
(August 1, 2020 to October 31, 2020):
Revenue of $9.5 million – a record $8.9 million from Nevada s retail operations with same-store sales up 5% from Q2
Gross Profit of $5.9 million; Gross Margin (before fair value adjustments) of 47.4%
Adjusted EBITDA
1 of $2.7 million, the seventh consecutive quarter of positive EBITDA
Cash Flow from Operations of $3.1 million; Year-to-Date results of $8.7 million, up 175% from last year