08:59 AM EDT, 03/22/2024 (MT Newswires) -- Nevis Brands Inc. ( PSCBF ) on Friday reported fiscal fourth-quarter earnings of $189,028, or $0.00 per share, down from $201,453, or $0.00 per share, a year earlier.

Revenue for the quarter ended Nov. 30, 2023, was $395,876, driven by royalties received from licensees in five states. The company did not report revenue for the year-ago period. Revenue for the fiscal third quarter was $275,669.

Nevis develops cannabis products that have been consumed by millions of consumers across Washington, Oregon, California, Colorado, Arizona, Nevada, and Ohio with agreements to expand to Michigan and Missouri.

The company's stock surged 30% in Canada yesterday.