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C21 Investments ( (TSE:CXXI) ) has shared an update.
C21 Investments reported a strong third quarter with a $7.9 million revenue, marking a 5.3% increase from the previous quarter despite a decline in Nevada sales. The company achieved a 46.0% gross margin, with significant growth in retail sales and efficient cost management leading to a 219% increase in income from operations and a 61% boost in free cash flow. These results demonstrate C21’s successful execution of its strategy, highlighting its ability to generate organic revenue growth and improve financial performance amidst industry challenges.
More about C21 Investments
C21 Investments Inc. is a vertically integrated cannabis company, operating primarily in the retail sector. The company focuses on expanding its presence in the cannabis market, particularly through growth initiatives in its South Reno dispensary and other strategic assets.
YTD Price Performance: 0.0%
Average Trading Volume: 82,859
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.25M
See more insights into CXXI stock on TipRanks’ Stock Analysis page.
