MTL Cannabis (TSE:MTLC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
MTL Cannabis Corp. has announced a record-breaking first quarter with a significant increase in revenue to $25.8 million and a net income of over $2.2 million, marking a robust performance compared to the previous year. The company also reported a strong gross margin of 54% and positive cash flow, indicating healthy financial growth and operational efficiency.
For further insights into TSE:MTLC stock, check out TipRanks’ Stock Analysis page.