CanadaBis Reports Positive Cash Flow in Calgary

CALGARY — CanadaBis Capital Inc., a Calgary-based cannabis company, reported a positive operating cash flow of $0.4 million for fiscal Q1 2026, despite facing industry challenges.

Financial Performance

The company generated gross revenue of $5.7 million and net revenue of $3.3 million, with a gross margin improvement to 27.0%. Positive Adjusted EBITDA of $0.2 million was also reported.

Industry Challenges

Temporary labour disruptions at the British Columbia Liquor Distribution Branch impacted cannabis sales, resulting in an estimated $0.5 million in lost sales. This highlights ongoing vulnerabilities in provincial distribution systems.

Strategic Adaptations

CanadaBis's efforts in cost and labour efficiency initiatives have contributed to improved financial metrics. However, issuing common shares for debenture interest payments indicates ongoing liquidity management challenges.

Local Impact

As a key player in Calgary's cannabis sector, CanadaBis's financial health affects local job stability and economic contributions. The company's resilience amidst industry-wide struggles suggests a cautiously optimistic future.