08:18 AM EST, 11/11/2025 (MT Newswires) -- C21 Investments ( CXXIF ) on Tuesday reported a narrowed net loss in the second quarter helped by a rise in revenue.

For the three-months ended Sept. 30, net loss was US$486,655 compared with a net loss of $845,132, a year-ago. Loss per share for the quarter was breakeven per share compared with $0.01 loss per share, a year earlier.

Revenue increased to $8.5 million compared with $7.5 million, a year-ago, driven by a 15% increase in same store sales, slightly offset by lower wholesale sales.

"C21 shifted its revenue mix in Q2 to reduce wholesale exposure given credit quality challenges in the market," said C21 Investments ( CXXIF ) Chief Executive Sonny Newman. "Bottom line, we delivered a substantial improvement in adjusted EBITDA and positive free cash flow, both sequentially and year-over-year."

Shares of the company closed down 3.2% to $0.46 on Monday on the Canadian Securities Exchange.