C21 Investments Posts $36.1 Million In Unaudited 2021 Revenues, Net Loss Of $6.1 Million

C21 Investments Inc. (CSE: CXXI) last night announced their unaudited results for the company’s fiscal year ended on January 31, 2021. Total revenues of $36.1 million were recorded while C21 incurred a net loss of $6.1 million for the year.

Revenues of $36.1 million for the fiscal year resulted in gross profits before fair value adjustments of $17.1 million, while gross margin came in at 47%. Expenses meanwhile amounted to $11.1 million, resulting in income from operations of $7.5 million, an improvement of $8.7 million over last year.

After the firms other expenses for the year, the company posted a net loss of $6.1 million. Meanwhile, adjusted EBITDA of $9.8 million was recorded for the year, an increase of 82% over last year.

C21 reported their operating cash flow at $12.0 million, which is an increase of 73% over last year’s figure of $6.9 million. C21’s cash position at year-end was recorded at $6.2 million, an increase from $3.4 million at the end of Q3. The company reduced its liabilities to $15.7 million from $35.4 million at the end of the third quarter.

On a quarterly basis, the company reported revenue of $9.1 million for the three month period ended January 31, 2021, along with gross profits before fair value adjustments of $4.9 million. The company also posted an income from operations of $3.0 million for the quarter, and a net loss of $6.6 million. Adjusted EBITDA for the three month period meanwhile came in at $2.9 million.

C21 Investments Inc. last traded on the CSE at CAD$1.48.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

C21 Investments Sees CEO Extend Term, Debt Maturity Pushed Six Months

C21 Investments (CSE: CXXI) this morning announced that current CEO and largest debtholder Sonny Newman...

Monday, June 29, 2020, 09:02:30 AM

C21 Investments To Issue $4.0 Million In Convertible Debt To Fund Dispensary Purchase

C21 Investments (CSE: CXXI) is looking to expand its Nevada-based operations, however it must raise...

Friday, March 15, 2024, 08:24:12 AM

C21 Investments Records US$9.0 Million In Revenue, Net Income For Fiscal Q2 2022

C21 Investments Inc. (CSE: CXXI) released today its fiscal second-quarter 2022 financial results, which saw...

Tuesday, September 28, 2021, 08:33:46 AM

C21 Investments & The Silver State Acquisition

C21 Investments (CSE: CXXI) has been all the rage on Fintwit for the last couple...

Monday, March 18, 2019, 01:00:24 PM

C21 Investments Reports Q3 Revenues Of $9.5 Million, Net Income Of $2.3 Million

C21 Investments (CSE: CXXI) this morning reported its third quarter 2021 financing results for the...

Wednesday, December 16, 2020, 08:56:05 AM