The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets with multi-market branded consumer packaged goods (CPG). In fiscal year 2025, C21 Investments's revenue was $30.12 million, an increase of 12.42% compared to the previous year's $26.79 million.
Cyborg Score Rationale
C21 demonstrates solid operational execution with 12.4% revenue growth (fiscal 2025) and established market positions in Nevada and Oregon. However, the company faces headwinds from operating losses of $3.97 million in fiscal 2025 and ongoing regulatory/disclosure challenges, with OTC market trading reflecting elevated risk.
Top Insights
Vertically integrated operations span cultivation, processing, distribution, and retail across Nevada and Oregon markets with established CPG brands including Phantom Farms, Hood Oil, and Silver State Relief
Revenue grew 12.4% to $30.1M in fiscal 2025 (ended January 31, 2025), though company posted $3.97M operating loss
Q2 (July-September) sales reached $7.5 million, a 14% increase from Q1 sales of $6.6 million, indicating sequential momentum
Company maintains 138 full-time employees supporting multi-state operations
Named Competitors
Trulieve Cannabis — Multi-state cannabis retailer and cultivator
Curaleaf — Large multi-state cannabis operator
Phantom Farms — In-house CPG brand for flower and extracts
Recent Developments
(December 2025) Annual filings completed after prior regulatory delays
(November 2025) Ongoing quarterly reporting and operational updates