Greenway’s Full-Year Net Loss Widens, Sees Rebound In Q4 As Revenue Increases 9% YoY
Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF) reported its audited annual financial statements Tuesday for the year ended March 31, 2024.
The Canada-based company reported a net loss of CA$4.7 million ($3.4 million) for the period, representing an increase from a CA$2.6 million loss in the previous year.
“Over the course of the last fiscal year, the cannabis sector has faced intense competition and substantial price compression amid difficult market conditions,” Jamie D’Alimonte, CEO of Greenway said. “Our team began to slowly see prices rebound over the year, and I am happy to report that our revenue in Q4 was up 9% from the previous year. With the total Canadian market continuing to evolve, we are confident that …