Record-Breaking Financial Performance
Cannara achieved record revenue, gross profit, gross margin, operating income, and adjusted EBITDA in Q2 2025. Net revenues were CAD 26.6 million, up 6% quarter-over-quarter and 35% year-over-year. Adjusted EBITDA was CAD 7.1 million, up 18% quarter-over-quarter, representing over 100% year-over-year growth.
Strong Market Position in Quebec
Cannara holds a 12.8% market share in Quebec, up over 40% from the previous year. They are only 60 basis points from the number one spot, showing significant market share growth in their home province.
Leadership in Product Categories
Cannara leads the nationwide premium vape category with over 22% share and is the fastest-growing infused pre-roll multi-pack in Canada with a 10% market share. They have a commanding 73% share of infused pre-rolls in Quebec.
Cost Leadership and Operational Efficiency
Cannara maintains one of the lowest electricity rates in Canada, enabling cost-effective operations. They are expanding cultivation capacity by 20% with minimal capital outlay, showcasing strong operational efficiency.