10:49 AM EST, 02/24/2026 (MT Newswires) -- Mercanto ( TGSHF ) Tuesday released preliminary fiscal second-quarter guidance.

The company said preliminary revenue doubled to $2.05 million to $2.2 million, from $1 million in the prior year period. Net profit is forecast at $150,000 to $190,000, compared with a net loss of $109,000 the year before.

The company notes that the launch of a vape cartridge category with approved battery, in Quebec late in the second quarter of fiscal 2026, has been the primary driver of its "transformational" quarter-over-quarter sales growth.

Mercanto ( TGSHF ) views the successful entry into the vape category as potentially pivotal, given its impact on portfolio breadth, revenue diversification, and overall growth trajectory into the future.

Mercanto ( TGSHF ) shares are up $0.015, to $0.165, on the Toronto Stock Exchange.

Price: 0.17, Change: +0.02, Percent Change: +10.00