Canadian Banc Corp. reported earnings results for the half year ended May 31, 2023. For the half year, the company reported negative revenue was CAD 24.88 million compared to revenue of CAD 7.33 million a year ago.

Net loss was CAD 37.01 million compared to net income of CAD 2.86 million a year ago. Basic loss per share from continuing operations was CAD 1.89 compared to basic earnings per share from continuing operations of CAD 0.25 a year ago.