Ayurcann Holdings Corp. reported a net revenue of $7.5 million for the three months ended December 31, 2024 (Q2 2025) and a net loss of $121,718.

The company incurred $5.7 million in excise taxes from a record of nearly $13.4 million in sales in the most recently reported fiscal quarter, a 25% increase year-over-year in gross revenues, with a 43% gross margin.

Net revenue was up 29% from $5.8 million in Q2 2024, and losses were down from $772,616. The cost of goods sold was $4.2 million, a 15% increase from the same quarter in the previous year. Gross profit increased 53% year-over-year.

As of December 31, 2024, the company’s accumulated deficit was $14,747,505, with a large portion related to the one-time transaction costs due to the reverse-takeover transaction in March 2021.

Ayurcann operates a fully licensed 13,585-square-foot extraction and manufacturing facility in Pickering, Ontario. It sells cannabis under its house brands like Fuego, XPLOR, and Happy and Stoned, in BC, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, and Yukon.

In June 2024, Ayurcann Holdings Corp. and Arogo Capital Acquisition Corporation announced they entered a definitive business combination agreement.

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