C21 Investments Inc. FYE March 31, 2026 Financial Statements

C21 Investments Inc. filed its Form 6-K for the month ending June 2026, including audited financial statements for the fiscal year ended March 31, 2026. The company reported revenue of $32,614,513 for FY2026, an increase from $30,117,880 in FY2025. Gross profit was $13,605,120 in FY2026, up from $12,558,940 in FY2025. The company reported net income from continuing operations before income tax expense of $1,378,790 in FY2026, compared to $394,921 in FY2025. However, due to a significant income tax expense of $4,614,428 in FY2026, the net loss from continuing operations after income tax expense was $3,235,638. This contrasts with a net loss of $3,756,729 in FY2025. The total assets decreased from $56,999,749 in FY2025 to $54,418,951 in FY2026, while total liabilities increased slightly from $28,323,972 to $28,985,646. Shareholders' equity decreased from $28,675,777 to $25,433,305. The company also noted the recent rescheduling of marijuana products to Schedule III by the DEA and is assessing its impact.