CordovaCann management cites non-cash lease-extinguishment gain as key driver of nine-month March 31, 2025 results
Balance sheet position
Equity deficiency widened to CAD 3,060,315, and accumulated deficit reached CAD 42.2 million, with management citing continued reliance on funding.
Nine-month results and cash flow
CordovaCann management commentary covered the nine months ended March 31, 2025, with a net loss of CAD 227,887.
Operating cash flow stayed positive at CAD 1,063,003, supported by higher accounts payable and accrued liabilities.
Cash balance and financing outflows
Cash and cash equivalents fell to CAD 481,483 from CAD 552,467, driven by CAD 804,720 in financing outflows.
Financing uses reflected CAD 499,653 in lease payments, CAD 259,053 in dividends to non-controlling interests, and CAD 27,325 in mortgage repayments.
