CanadaBis Capital Inc. reported gross revenue of $9 million and net revenue of $4.9 million for the three months ended January 31, 2025 (Q2 2025), with net income and comprehensive income of $96,917.
Net revenue was up 27% year-over-year from $7.1 million in Q2 2024. The company incurred $4.1 million in excise taxes in the most recent quarter, representing a rate of 45% of sales.
CanadaBis is the parent company of cannabis brands like Stigma Grow and Dab Bods, and companies like Stigma Roots, Goldstream Cannabis, and the INDICAtive Collection.
Of the $4.9 million in net revenue, $3.9 million came from cannabis extract sales, while another $1 million came from cultivation and wholesale.
The company notes its first successful international flower shipment to Portugal in the most recent fiscal quarter, receiving $3.10 per gram. CanadaBis has also completed its first bulk extract sale of shatter and diamonds in the six months ended January 31, 2025. Neither of these sales incurred excise tax.
“Our Q2 results showcase the continued momentum in our operations as we focus on growing revenue and optimizing margins across our portfolio,” said Travis McIntyre, CEO of CanadaBis Capital. “The increase in gross revenue of approximately $2 million year-over-year is a testament to the hard work and strategic initiatives we’ve undertaken to strengthen our position in the market. We remain focused on delivering shareholder value through growth and operational excellence.”
The company operates a 66,000-square-foot facility, of which approximately 44,000 square feet of the building has been developed and equipped for the capacity to grow 225 kg of cannabis per year. The majority of its footprint is equipped and being used for the production of cannabis products such as extracts and infused pre-rolls.
CanadaBis and Simply Solventless Concentrates Ltd. entered into a definitive arrangement agreement dated March 11, 2025. Under the agreement, SSC would acquire all of the issued and outstanding common shares of CanadaBis (Stigma) through a court-approved plan of arrangement under the Business Corporations Act (Alberta).
