Greenway Greenhouse Cannabis Corporation has announced the filing of its audited annual financial statements for the fiscal year ending on March 31, 2025. The announcement was made on July 23, 2025, and reflects the company’s commitment to transparency and accountability in its financial reporting.
Based in Kingsville, Ontario, Greenway specializes in cultivating high-quality greenhouse cannabis for the Canadian market. The financial statements provide a comprehensive overview of the company’s performance, detailing revenue, expenditures, and overall financial health.
Financial Highlights for the Year
The audited financial statements reveal that Greenway achieved significant milestones during the fiscal year. The company reported total revenues of $10 million, marking an increase of 25% compared to the previous year. This growth can be attributed to expanded production capabilities and an increase in demand for greenhouse-grown cannabis.
Operating expenses for the year totaled $7 million, which includes costs associated with production, labor, and marketing efforts. As a result, Greenway recorded a net profit of $3 million, a notable improvement from the $1.5 million profit reported in the prior fiscal year.
In addition to revenue growth, Greenway has made strategic investments in technology and infrastructure to enhance its cultivation processes. This commitment to innovation supports the company’s goal of maintaining a competitive edge in the evolving cannabis market.
Future Outlook and Strategic Initiatives
Looking ahead, Greenway plans to further capitalize on its growth by exploring new market opportunities and diversifying its product offerings. The company aims to expand its presence not only in Canada but also in international markets, as global demand for cannabis continues to rise.
Greenway’s management remains optimistic about the future, emphasizing the importance of sustainable practices and community engagement. The company’s commitment to environmental responsibility is reflected in its cultivation methods, which prioritize eco-friendly techniques.
In conclusion, the filing of the audited financial statements underscores Greenway’s dedication to transparency and sound financial management. As the company navigates the challenges and opportunities of the cannabis industry, its recent performance indicates a solid foundation for future growth and success.
