MTL Cannabis Corp. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was CAD 0.899036 million. Revenue was CAD 19.01 million compared to CAD 3.89 million a year ago. Net income was CAD 1.99 million compared to net loss of CAD 0.604314 million a year ago. Basic earnings per share from continuing operations was CAD 0.021 compared to basic loss per share from continuing operations of CAD 0.02 a year ago.
For the six months, sales was CAD 0.899036 million. Revenue was CAD 31.77 million compared to CAD 9.65 million a year ago. Net income was CAD 1.81 million compared to net loss of CAD 0.139035 million a year ago. Basic earnings per share from continuing operations was CAD 0.025 compared to basic loss per share from continuing operations of CAD 0.005 a year ago.