CN Energy reports preliminary Q1 revenue $21M-$22M

Steven Berman, President and CEO of CN Energy Group, commented “Building on the momentum established in fiscal year 2023, the Company’s preliminary results demonstrate that we are off to a healthy start in fiscal year 2024. There is exciting work underway, and we expect to build on our accelerating momentum and profitable growth strategy in fiscal year 2024. We are seeing revenue growth as demand increases for our wood-based activated carbon. We are currently preparing for the expansion of our products into the U.S. market for the first time in company history. We are engaged in discussions with several U.S.-based environmental companies as well as pharmaceutical manufacturers.”