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Greenway Greenhouse Cannabis Corporation (CSE:GWAY) (OTCQB:GWAYF), a Canadian cannabis cultivator reported its interim financial statements on Wednesday for the first quarter ended June 30, 2024.
The Ontario-based company said it has achieved its highest net revenue and adjusted EBITDA results to date. The company also achieved positive net cash flow provided by operating activities, and the highest amount of cannabis sold in a quarter to date.
"This performance reflects our focus and commitment to producing quality cannabis, and finding the best partners and pathways to bring it to consumers,” said CEO Jamie D’Alimonte. “We achieved this while still keeping our cost of production low, and our yields high. This combination is what we believe separates us from other public cannabis companies in Canada.”
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“This is the first full quarter that includes sales of our branded products, and I’m pleased to share that our MillRite pre-rolls ranked as the second highest-selling in Ontario within their size category,” D’Alimonte added. “Additionally, we recently completed our first harvest intended for international markets, the next step in distributing Greenway cannabis globally.”
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