C21 Investments
#820-1075 West Georgia V6E 3N9 Vancouver, BC, Canada
Category
General Information
Locality: Vancouver, British Columbia
Phone: +1 833-289-2994
Address: #820-1075 West Georgia V6E 3N9 Vancouver, BC, Canada
Website: cxxi.ca/
Likes: 181
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ICYMI, our Q3 this week showcased a number of record results this quarter and YTD, we have generated US$8.7M in Cash Flow from Operations. We are now in a strong position to extend our retail footprint & continue building a profitable, scalable business: https://bit.ly/38b6HIH #CXXI #CXXIF
We're delighted to share our profitable Q3 results (all currency in U.S. dollars): $9.5M Revenue Record NV retail of $8.9M $2.7M adjusted EBITDA - YTD of $6.5M $3.1M Cash Flow from Operations - YTD of $8.7M... $2.3M Net Income - YTD positive earnings For full details, visit: https://bit.ly/3mnE3Jt #CXXI #CXXIF
Our cultivation expansion also supports our plan to increase the degree of vertical integration for in-house products and most importantly, will set the company up for accretive expansion of our retail footprint in Nevada. More details: https://bit.ly/3mwco9Y #CXXI #CXXIF
We're excited to announce the next phase of growth with a planned expansion of our licensed cultivation and production facility in Nevada. Tripling our canopy will give us significant economies of scale and the ability to deliver even stronger margins. Learn the full details: https://bit.ly/3mwco9Y #CXXI #CXXIF
Discussing everything from our profitable model in Nevada to the future of the US cannabis sector, this recent #HashtagFinance interview with Director & CMO, Sky Pinnick, provides an overview of our story so far and a glimpse into our future. #CXXI #CXXIF
C21 is excited to have recently been added to AdvisorShares' New York Stock Exchange-traded Pure US Cannabis ETF. Trading under the ticker MSOS, this US-listed ETF gives investors more exposure to the ever-expanding and increasingly attractive US cannabis sector. Fund details: https://bit.ly/3mWt4Ix #CXXI #CXXIF
Starting today, we will be begin trading on the OTCQX, maintaining our symbol "CXXIF". Being qualified to trade on the OTCQX will enhance the company's visibility & accessibility to US investors and is a testament of our team's ongoing hard work: https://bit.ly/3jbPBie #CXXI #CXXIF
Some additional highlights from our milestone Q2 include: Income from Operations (BFVA) of US$2.5M Cash Position increased by US$1.4M Record Retail Revenue from Nevada Operations... Positive adj. EBITDA from Oregon Operations Full Q2 details: bit.ly/2G7OFgg #CXXI #CXXIF
Alongside our CEO, Wasatch Global Investors, JW Asset Management and CB1 Capital will provide an equity commitment for repayment of C21's existing convertible debentures. These partnerships reflect confidence in our ability to capitalize on future growth opportunities. Read the full release: https://bit.ly/3fgWlKo
We're excited to share some of our Q2 operating performance highlights: Revenue of USD$9.4M (15% increase) Gross Profit USD$4.8M (BFVA) & 51% Gross Margin Adj. EBITDA USD$3M (32% EBITDA Margin)... USD$4.2M Cash Flow from Operations Learn the full details: https://bit.ly/2G7OFgg #CXXI #CXXIF
For our latest financials, keep a lookout for our upcoming news release on September 24, 2020, when #C21Investments will be releasing its Q2 (fiscal period ending July 31, 2020) unaudited financial results: https://bit.ly/2HbeDQx #CXXI #CXXIF #CannabisInvesting #PotStocks
For those concerned about the fires in Oregon, we have followed local orders and evacuated our outdoor farm today. Everyone is safe and we are thankful for the heroic work of first responders. We have limited info at this time and it is premature to know if there is any damage. We are doing everything we can to ensure everyone's safety, first and foremost, as well as to protect our property. We will continue to monitor closely and update followers as soon as we have more information. Thank you to all who have sent their best wishes.
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