The earnings call reflected a mixed performance with significant operational improvements and strategic market exits, but also faced challenges with revenue decline and margin pressures. The company is focusing on liquidity management and operational simplification to address these issues.

Company Guidance

During The Cannabist Company's second quarter 2025 earnings call, several key metrics and strategic initiatives were highlighted. The company reported $87 million in revenue, a slight 1% decrease from the previous quarter, primarily due to asset sales and pricing pressures. They achieved an adjusted EBITDA of $8.5 million, with a 30 basis point improvement in margin to 9.8%. Wholesale revenue increased by 16% sequentially, contributing to 21% of total revenue, despite a decline in wholesale gross margin due to inventory reduction efforts. The company is actively managing liquidity, reducing costs, and restructuring operations, including divesting assets in Florida, California, Illinois, and Pennsylvania. They closed the quarter with $15.5 million in cash and plan to enhance revenue streams through new agreements in Pennsylvania. Additionally, the company aims to maintain CapEx below $3 million per quarter, focusing on new store openings and operational enhancements.

Debt Restructuring Completion

Completed a debt restructuring transaction, extending the maturity of $271 million of senior debt obligations until at least December 2028.

Successful Launch in Delaware

Successfully launched adult-use sales in all three retail locations in Delaware on August 1.

Revenue Growth in Key Markets

New Jersey and Colorado achieved the biggest sequential revenue growth. Maryland, New Jersey, and Ohio saw the largest increases in adjusted EBITDA sequentially.

Positive Adjusted EBITDA Margin

Achieved a 30 basis point improvement in adjusted EBITDA margin to 9.8% in the second quarter.

Growth in Cannabis Brands

Cannabis portfolio of brands saw revenue growth of 17% sequentially in New Jersey, with Seed & Strain leading, followed by Triple Seven.

Cannabist Company Holdings (TSE:CBST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:CBST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	-0.06 / -	0	―	―	―
Aug 07, 2025	2025 (Q2)	-0.22 / -0.22	-0.041	-433.33% (-0.18)
May 08, 2025	2025 (Q1)	-0.05 / -0.10	-0.11	12.50% (+0.01)
Mar 13, 2025	2024 (Q4)	-0.04 / -0.47	-0.248	-88.89% (-0.22)
Nov 07, 2024	2024 (Q3)	-0.06 / 0.00	-0.124	―
Aug 08, 2024	2024 (Q2)	-0.07 / -0.04	-0.097	57.14% (+0.06)
May 09, 2024	2024 (Q1)	-0.07 / -0.11	-0.124	11.11% (+0.01)
Mar 13, 2024	2023 (Q4)	-0.08 / -0.25	-1.035	76.00% (+0.79)
Nov 14, 2023	2023 (Q3)	-0.07 / -0.12	-0.124	0.00% (0.00)
Aug 14, 2023	2023 (Q2)	-0.08 / -0.10	-0.193	50.00% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:CBST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$0.56	C$0.56	0.00%
May 08, 2025	C$0.56	C$0.56	0.00%
Mar 13, 2025	C$0.56	C$0.56	0.00%
Nov 07, 2024	C$0.56	C$0.56	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cannabist Company Holdings (TSE:CBST) report earnings?

Cannabist Company Holdings (TSE:CBST) is schdueled to report earning on Nov 12, 2025, Before Open (Confirmed).

What is Cannabist Company Holdings (TSE:CBST) earnings time?

Cannabist Company Holdings (TSE:CBST) earnings time is at Nov 12, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:CBST EPS forecast?

TSE:CBST EPS forecast for the fiscal quarter 2025 (Q3) is -0.06.

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