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|52 Week Range||0.3500 - 1.2000|
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Change to its Board of Directors Vancouver, British Columbia--(Newsfile Corp. - October 10, 2019) - C21 Investments Inc. (CSE: CXXI) (OTCQB: CXXIF) ("C21" or the "Company") today announced that pursuant to its 10% Rolling Stock Option Plan (the "Plan"), it has granted incentive stock options to certain employees and consultants entitling them to purchase an aggregate of 1,020,000 common shares of the Company at exercise prices from C$1.00 to $1.38 per share for 3 or ...
VANCOUVER , Sept. 12, 2019 /CNW/ - C21 Investments Inc. ("C21") (CSE: CXXI and OTC: CXXIF) today announced unaudited financial results for the second quarter of fiscal 2020 ending July 31, 2019 . Revenue for Q2 was $9.86 million , an increase of 27% versus the prior quarter. This revenue generated adjusted EBITDA of $0.8 million , an increase of 393% over Q1. C21 also maintained a strong gross margin of 44% (43% in Q1).1 C21 achieved approximately $3.7 million in annual run rate savings by the end of Q2, and has now increased the annual savings to approximately $5.4 million . The one-time costs of achieving these savings have been nominal.
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2019) - C21 Investments Inc. (CSE: CXXI) (OTCQB: CXXIF) ("C21 Investments" or the "Company"), a U.S. based multi-state cannabis operator, is pleased to report that it has engaged CB1 Capital Advisors LLC, a New York-based advisory firm focusing on health and wellness through cannabinoids, as strategic business advisors. CB1 Capital Advisors is an advisory firm that focuses on companies in the supply chain of cannabinoid-based wellness solutions, ...
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2019) - C21 Investments Inc. (CSE: CXXI) (OTCQB: CXXIF) ("C21 Investments" or the "Company") today announced that it has entered into an agreement (the "Amended Agreement") with the former owners (the "Swell Vendors") of Swell Companies Limited ("Swell") to amend the terms of the Company's forward-cash obligations to the Swell Vendors.Pursuant to the terms of the Amended Agreement: (a) the cash sum due to the Swell ...
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2019) - C21 Investments Inc. (CSE: CXXI) (OTCQB: CXXIF) ("C21 Investments" or the "Company") today announced approval to trade on the OTCQB® Venture Market under the symbol CXXIF, effective immediately. OTCQB is considered by the U.S. Securities and Exchange Commission ("SEC") as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. Ability to trade ...
VANCOUVER , Aug. 8, 2019 /CNW/ - C21 Investments Inc. (CSE: CXXI and OTC: CXXIF) today announced unaudited financial results for the three months period ending July 31, 2019 . The company continues to leverage its strong Silver State retail platform selling its "Hood Oil" vape line in Nevada .
Service provides simplified access for U.S. investors who want to trade Canadian securities VANCOUVER , July 30, 2019 /PRNewswire/ - C21 Investments Inc. ("C21 Investments" or the "Company") ...
VANCOUVER , July 16, 2019 /CNW/ - C21 Investments, Inc. (CSE: CXXI and OTC: CXXIF) today released a letter from Sonny L. Newman , President and CEO, to the Company's shareholders. The letter follows below and can also be accessed from the Company's website at www.cxxi.ca. It has been about a week since my appointment as President and CEO of C21 Investments. With my first letter, I would like to briefly outline my strategy that has the potential to create long-term value for all of our shareholders. Like you, I have a vested interest in developing a path to a profitable, cash-flow positive and well capitalized company for future expansion.
VANCOUVER , July 8, 2019 /CNW/ - C21 Investments, Inc. (CSE: CXXI and OTC: CXXIF) today announced that Sonny Newman is succeeding Robert Cheney as President and Chief Executive Officer of C21 Investments effective immediately. Sonny Newman is the Founder of Silver State Relief and Silver State Cultivation in Nevada , and has several other companies in electronics, manufacturing, electronics distribution, real estate development and an investment company. Mr. Newman was the sole owner of the Silver State companies when they were purchased by C21 Investments earlier this year and is today the largest shareholder of C21 Investments holding approximately 15.3% of the outstanding shares. Mr. Newman's proven operational and financial discipline in the cannabis and other sectors shows his ability to build solid teams and make strategic investments into opportunistic markets.
VANCOUVER , July 8, 2019 /CNW/ - C21 Investments Inc. ("C21 Investments" or the "Company") (CSE: CXII and OTC: CXXIF) advises that it has reached agreement to restructure payments under a US$30 million promissory note, with interest at 10%, issued on January 15, 2019 ("Note") to Mr. Sonny Newman in connection with the Company's purchase of Silver State Relief LLC and Silver State Cultivation LLC. The Note, issued to Mr. Newman as part of the Silver State purchase terms, is secured against the Silver State companies and their assets and had an outstanding principal balance of US$27 million on June 30 , 2019. Mr. Newman has agreed in lieu of the principal instalment of US$6.0 million due July 1 to accept such amount in an instalment of US$2 million plus interest, which has been paid, and further monthly instalments of $800,000 per month plus interest commencing on August 1, 2019 and continuing for the next ensuing four months when the monthly instalments increase to US$2 million .
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2019) - C21 Investments Inc. (CSE: CXXI) (OTC Pink: CXXIF) ("C21 Investments" or the "Company"), in connection with the purchase of Swell Companies Limited ("Swell") (see news release dated May 27, 2019), the Company and its wholly owned subsidiary, 320204 Oregon Holdings Corp., have issued a US$1,000,000 promissory note (the "Note") to Sicilia Solutions LLC ("Sicilia"), a creditor of Swell, in consideration, inter alia, of Sicilia's agreement ...
VANCOUVER , May 29, 2019 /CNW/ - C21 Investments Inc. ("C21 Investments" or the "Company") (CSE: CXXI and OTC: CXXIF) today announced the closing of a non-brokered private placement financing (the "Financing") of 5,589,493 units of the Company (each, a "Unit") at a price of CDN$1.38 per Unit, with each Unit being comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"), for total gross proceeds of CDN$7,713,500 . Each Warrant is exercisable for one additional Common Share of the Company (each, a "Warrant Share") at an exercise price of $1.83 per Warrant Share for a period of one (1) year. The Common Shares and Warrants issued under the Financing, and the Warrant Shares issuable upon exercise of the Warrants, are subject to a hold period that expires on September 29, 2019.
VANCOUVER , May 27, 2019 /CNW/ - C21 Investments Inc. ("C21", "C21 Investments" or the "Company") (CSE: CXXI and OTC: CXXIF) today announced that it has completed the acquisition of all of the issued and outstanding shares in Oregon -based Swell Companies Limited ("Swell"). "Swell is the Company's fifth completed acquisition in the United States ," said Robert Cheney , President and CEO of C21 Investments.
Company operates vertically integrated operations in Oregon and Nevada VANCOUVER , May 10, 2019 /PRNewswire/ - C21 Investments Inc. (CSE: CXXI and OTC: CXXIF) today announced that its President and Chief ...
VANCOUVER, May 6, 2019 /PRNewswire/ - C21 Investments Inc. (the "Company") (CSE: CXXI and OTC: CXXIF) today announced unaudited revenue of US$7.7 million for the 1st quarter ended April 30, 2019. This amount reflects revenue from the Company's operations in Nevada and Oregon. Unaudited gross margin (before fair value adjustments) is estimated to be 54%. Gross margin has decreased from previously reported figures due to a reclassification of excise taxes which the company now believes to be deductible for tax purposes as cost of goods sold. During the quarter, C21's retail dispensaries completed 140,000 customer transactions. These figures do not include revenue from Swell Companies, which is an acquisition expected to close this month. The Company's next revenue report will be for the 2nd quarter ending July 31, 2019.