Greenway troubles continue in Q3 quarter with another C$675k loss | How to order Skittles Moonrock online

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Ontario-based Greenway Greenhouse Cannabis Corp. (CSE: GWAY) (OTCQB: GWAYF) on Thursday reported ongoing losses, with a C$675,076 net loss in its third fiscal quarter of 2025, which ended Dec. 31.

That builds on earlier losses last year, including a C$1 million net loss in the second fiscal quarter, bringing its losses for the full fiscal year thus far to C$2.2 million. That’s down year-over-year from the C$3.3 million that Greenway lost for the same nine months in its fiscal 2024 year, however.

The quarterly losses are also down year-over-year from C$1.6 million net loss Greenway reported in the third fiscal quarter of 2024.

Greenway reported net revenue of C$1.6 million in its most recent quarter, up 21% year-over-year, bringing total revenue for the first nine months of the 2025 fiscal year to C$5.9 million, up 57% year-over-year from C$3.7 million.

The company said much of the increased revenue is due to rising cannabis prices, which averaged C$1.58 per gram in the most recent quarter, up 30% sequentially from C$1.22 per gram.

Greenway President Carl Mastronardi said in a press release that the company had shown improved sales during the quarter, and declared, “the Canadian cannabis industry is rebounding.”

“We will continue to expand our distribution both domestically and internationally,” Mastronardi said.

At the end of 2024, Greenway had C$31.6 million in total assets, including C$2.1 million in cash, against C$21.8 million in total liabilities.