CanadaBis Reports Strong Q1 2026 Amid BC Strike

CALGARY — CanadaBis Capital Inc. has announced its fiscal Q1 2026 results, highlighting a positive operating cash flow despite challenges from a labour disruption in British Columbia.

The Calgary-based cannabis company reported gross revenue of $5.7 million and net revenue of $3.3 million for the quarter ending October 31, 2025. The company’s gross margin improved to 27.0%, a significant increase from the previous quarter. These results were achieved even as the BC Liquor Distribution Branch strike impacted cannabis sales, leading to an estimated $0.5 million in lost sales.

Market Disruptions and Strategic Shifts

The labour dispute in BC underscores the vulnerabilities within the Canadian cannabis supply chain, affecting producers like CanadaBis, which operates nationally. Historically, Alberta's cannabis market has faced supply chain and regulatory challenges, though not directly related to labour disruptions as seen in BC.

Travis McIntyre, CEO of CanadaBis, attributed the company's positive performance to cost and labour efficiency initiatives and a strategic shift toward higher-margin products. This aligns with broader industry trends aimed at improving financial sustainability amid high excise taxes and market saturation.

Financial Strategies and Future Outlook

In a move to manage liquidity, CanadaBis received approval to issue common shares for an upcoming interest payment on convertible debentures. This decision reflects the company's focus on balance sheet flexibility while fulfilling financial obligations.

Alberta's cannabis market continues to grow, with diversification in consumer preferences beyond dried flower to include edibles and concentrates. However, the industry remains sensitive to regulatory and distribution challenges, as evidenced by the BC strike.

CanadaBis's results highlight the resilience of its business model and the importance of strategic adaptations in a competitive market.