Greenway Greenhouse Expands Operations Amid Rising Cannabis Prices

An update from Greenway Greenhouse Cannabis Corp. ( (TSE:GWAY) ) is now available.

Greenway Greenhouse Cannabis Corporation has applied for new propagation space at its Leamington, Ontario facility to enhance efficiency and increase biomass throughput, aiming for six full crop rotations annually. The company reports a positive trend in wholesale cannabis prices, with revenue per gram increasing for six consecutive quarters, and its MillRite brand maintaining a strong market presence in the pre-roll segment.

Spark’s Take on TSE:GWAY Stock

According to Spark, TipRanks’ AI Analyst, TSE:GWAY is a Neutral.

The overall score reflects significant revenue growth and strategic corporate actions but is weighed down by financial strain and technical bearish trends. The financial performance remains a key concern with high leverage and cash flow issues, while technical indicators suggest caution. Positive corporate events offer potential upside if financial weaknesses are addressed.

To see Spark’s full report on TSE:GWAY stock, click here.

More about Greenway Greenhouse Cannabis Corp.

Greenway Greenhouse Cannabis Corporation is a federally licensed cultivator focused on the Canadian cannabis market. Headquartered in Kingsville, Ontario, the company leverages its expertise in agriculture and cannabis to establish itself as a leading cultivator in Canada.

Average Trading Volume: 9,117

Technical Sentiment Signal: Sell

Current Market Cap: C$26.31M

For detailed information about GWAY stock, go to TipRanks’ Stock Analysis page.