KINGSVILLE, ON, Feb. 28, 2024 /PRNewswire/ – Greenway Greenhouse Cannabis Corporation (CSE: GWAY) (OTCQB: GWAYF) (“Greenway” or the “Company”), a cultivator of high-quality greenhouse cannabis for the Canadian market, today reported its interim financial statements for the third quarter ended December 31, 2023.
Highlights:
- The Company announced the closing of a non-brokered private placement for gross proceeds of $3,500,000, indicating continued investor support in an environment where fundraising is challenging in the cannabis industry
- Over the quarter, the Company reported $1,388,200 in revenue
- This is an increase of over 33% from the same quarter in fiscal 2023, and the second-best revenue quarter in the Company’s history
- The Company sold 1,651,425 grams equivalent of cannabis; the highest amount sold in one quarter
- An average cash cost per gram expensed for the quarter of $0.72, within the range of…
