CordovaCann management cites non-cash lease-extinguishment gain as key driver of nine-month March 31, 2025 results
Bitget2026/09/21 21:25- CordovaCann management commentary covered the nine months ended March 31, 2025, with a net loss of CAD 227,887.
- Operating cash flow stayed positive at CAD 1,063,003, supported by higher accounts payable and accrued liabilities.
- Cash and cash equivalents fell to CAD 481,483 from CAD 552,467, driven by CAD 804,720 financing outflows.
- Financing uses reflected CAD 499,653 lease payments, CAD 259,053 dividends to non-controlling interests, CAD 27,325 mortgage repayments.
- Equity deficiency widened to CAD 3,060,315; accumulated deficit reached CAD 42.2 million, with management citing continued reliance on funding.
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