MONTREAL, June 27, 2025 /CNW/ – Mercanto Holdings Inc. (TSXV:MUSH) (“Mercanto” or the “Company”), released its financial results for the third quarter ended April 30, 2025. The Company also provided an operational update and reiterated its strategy amid an evolving cannabis market in Quebec and across Canada.
Financial Highlights for Q3 2025 (vs. Q3 2024):
- Revenue: $887,862 (Q3 2024: $1,135,991)
- Net Loss: $88,367 (Q3 2024: Profit of $30,840)
- EBITDA: –$41,018 (Q3 2024: $45,938)
- EBITDA excluding inventory write-offs: –$20,454
- Current Assets: $1,169,109 (Q3 2024: $1,735,022)
- Current Liabilities: $797,843 (Q3 2024: $1,094,165)
- Working Capital: $371,266 (Q3 2024: $640,857)
The Company notes that while topline revenue declined compared to the same period last year, results reflect the impact of the recently completed rationalization process in Quebec and broader industry headwinds. While the rationalization is now concluded, its effects are expected to persist through Q4. Nonetheless, this positions the Company for medium- to long-term benefit as Quebec’s cannabis market stabilizes and new categories such as vapes begin to roll out. Notably, Mercanto maintained an adequate working capital position and zero long-term debt.
“We are operating in one of the toughest markets, and while results reflect a contraction, we believe …