04:55 PM EST, 11/28/2024 (MT Newswires) -- MTL Cannabis ( MTLNF ) reported after close Thursday its fiscal second-quarter fell despite higher revenue.

The company said it earned $1.25 million in the quarter ended Sept.30, down from $3.4 million in the year-prior period.

Revenue rose 8.8% to $20.87 million from $19.18 million.

"We are immensely proud of our ... results this quarter, demonstrating momentum in our strategic growth and ability to deliver sustainable value for shareholders, "said chief executive Michael Perron.