Cannabis Wheaton Income Corp (CBWTF) said before open Monday that it broke even in quarter four 2023.
In the same quarter a year ago, the company lost $0.01 per share on revenue of $18.4 million.
The stock is up 43.05% to $0.02 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
Trading in the five days leading up to the report earned Cannabis Wheaton Income Corp a Bullish Sentiment Rank from InvestorsObserver.
Cannabis Wheaton Income Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 78, putting Cannabis Wheaton Income Corp in the top 25% of stocks. The firm set a 52-week high on April 13, 2023 at $0.02 and set a 52-week low on March 27, 2023 at $0.01.
Auxly Cannabis Group Inc is a consumer-packaged-goods company in the cannabis products market. The company's focus is on developing, manufacturing, and distributing branded cannabis products.
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Cannabis Wheaton Income Corp Up 43.05% To $0.02 After Earnings
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