CWLXF on OTC
C21 Investments Inc.
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with Leef Brands Inc., Synergy CHC Corp. or CYANOTECH CORP, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
41.7%Gross margin2
7.0%Operating margin2
-9.9%Net margin2
8.3%Revenue growth, 20262
-12.8%Return on equity2
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue54¢$19.0M
- Selling, general and admin32¢$11.3M
- Interest1¢$187.2K
- Income tax13¢$4.6M
Out of $32.6M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenue | $32.6M | $30.1M |
| Cost of sales | $19.0M | $17.6M |
| Gross profit | $13.6M | $12.6M |
| Selling, general and administrative expenses | $11.3M | $11.3M |
| Income from operations | $2.3M | $1.3M |
| Accretion expense | -$372.0K | -$509.9K |
| Gain on change in fair value of derivative liabilities | $29.2K | $52.3K |
| Interest expense | -$187.2K | -$293.7K |
| Loss on settlement of legal proceedings | -$442.5K | $0 |
| Gain (loss) on disposal of assets | $7.4K | -$155.7K |
| Other income | $65.7K | $20.2K |
| Net income from continuing operations before income tax expense | $1.4M | $394.9K |
| Income tax expense | -$4.6M | -$4.2M |
| Net loss from continuing operations after income tax expense | -$3.2M | -$3.8M |
| Net loss from discontinued operations after income tax expense | -$8.1K | -$212.8K |
| Net loss | -$3.2M | -$4.0M |
| Translation adjustment | -$47.4K | $133.1K |
| Comprehensive loss | -$3.3M | -$3.8M |
| Basic loss per share from continuing operations | -$0 | -$0 |
| Diluted loss per share from continuing operations | -$0 | -$0 |
| Basic loss per share from discontinued operations | $0 | $0 |
| Diluted loss per share from discontinued operations | $0 | $0 |
| Basic loss per share | -$0.03 | -$0.03 |
| Diluted loss per share | -$0.03 | -$0.03 |
| Weighted average number of common shares outstanding - basic | 117.9M shares | 119.8M shares |
| Weighted average number of common shares outstanding - diluted | 118.5M shares | 120.6M shares |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Cash | $2.2M | $2.6M | |
| Receivables | $61.4K | $176.7K | |
| Inventory | $4.6M | $4.1M | |
| Prepaid expenses and deposits | $587.2K | $645.8K | |
| Note receivable - current portion | $834.0K | $0 | |
| Assets classified as held for sale | $0 | $4.7K | |
| Total current assets | $8.3M | $7.5M | |
| Property and equipment | $2.3M | $2.7M | |
| Right-of-use assets | $8.8M | $9.4M | |
| Intangible assets | $6.4M | $8.1M | |
| Goodwill | $28.5M | $28.5M | |
| Note receivable | $0 | $802.8K | |
| Deferred tax asset | $112.7K | $0 | |
| Total assets | $54.4M | $57.0M | |
| Accounts payable and accrued liabilities | $1.9M | $2.1M | |
| Convertible promissory notes | $0 | $1.2M | |
| Convertible debentures - current portion | $732.6K | $977.8K | |
| Settlement liability - current portion | $1.2M | $0 | |
| Income taxes payable | $1.7M | $2.8M | |
| Deferred revenue | $303.9K | $309.9K | |
| Lease liabilities - current portion | $634.8K | $530.9K | |
| Total current liabilities | $6.4M | $8.0M | |
| Convertible debentures | $0 | $710.4K | |
| Settlement liability | $100.0K | $0 | |
| Lease liabilities | $9.1M | $9.8M | |
| Uncertain tax position | $13.4M | $9.8M | |
| Derivative liability | $0 | $27.8K | |
| Deferred tax liability | $0 | $34.8K | |
| Total liabilities | $29.0M | $28.3M | |
| Common stock, no par value; unlimited shares authorized; 117,836,067 and 117,996,814 shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively | $107.2M | $107.0M | |
| Subordinate shares, no par value; unlimited shares authorized; 100,000,000 and nil shares issued and outstanding as of March 31, 2026 and March 31, 2025, respectively | $72 | $0 | |
| Commitment to issue shares | $439.4K | $628.1K | |
| Accumulated other comprehensive loss | -$2.2M | -$2.1M | |
| Deficit | -$80.1M | -$76.8M | |
| Total shareholders' equity | $25.4M | $28.7M | $31.0M |
| Total liabilities and shareholders' equity | $54.4M | $57.0M | |
| Common Stock, No Par Value | $0 | $0 | |
| Common Stock, Shares, Issued | 117.8M shares | 118.0M shares | |
| Common Stock, Shares, Outstanding | 117.8M shares | 118.0M shares | |
| Subordinate Shares, No Par Value | $0 | $0 | |
| Subordinate Shares, Shares, Issued | 100.0M shares | 0 shares | |
| Subordinate Shares, Shares, Outstanding | 100.0M shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net loss from continuing operations after income tax expense | -$3.2M | -$3.8M |
| Accretion expense | $372.0K | $509.9K |
| Amortization of right-of-use assets | $655.8K | $574.7K |
| Deferred income tax recovery | -$147.5K | $156.7K |
| Depreciation and amortization | $1.8M | $1.7M |
| Gain on change in fair value of derivative liabilities | -$29.2K | -$52.3K |
| Interest expense | $187.2K | $293.7K |
| Interest and accretion income included in other income | -$65.2K | $0 |
| Loss on extinguishment of EFF liability | $442.5K | $0 |
| (Gain) loss on disposal of assets | -$7.4K | $155.7K |
| Share-based compensation | $236.8K | $849.6K |
| Receivables | $115.3K | $77.7K |
| Inventory | -$49.6K | -$698.7K |
| Prepaid expenses and deposits | $63.4K | -$53.2K |
| Accounts payable and accrued liabilities | $335.6K | -$419.1K |
| Settlement liability | -$1.1M | $0 |
| Income taxes payable | -$1.2M | -$7.4M |
| Uncertain tax position | $3.5M | $9.8M |
| Deferred revenue | -$6.0K | $22.3K |
| Lease liabilities | -$545.2K | -$426.9K |
| Cash provided by operating activities of continuing operations | $1.4M | $1.4M |
| Cash used in operating activities of discontinued operations | -$8.1K | -$176.5K |
| Purchases of property and equipment | -$244.8K | -$406.7K |
| Purchases of intangible assets | $0 | -$3.4M |
| Proceeds from disposal of assets | $25.0K | $367.2K |
| Cash used in investing activities of continuing operations | -$219.8K | -$3.5M |
| Cash provided by investing activities of discontinued operations | $0 | $331.9K |
| Proceeds from issuance of debenture units | $0 | $2.9M |
| Interest payments received on note receivable | $34.0K | $0 |
| Principal repayments on convertible debentures | -$1.3M | -$677.7K |
| Interest paid in cash | -$187.2K | -$293.7K |
| Repurchase and cancellation of shares | -$103.0K | -$276.7K |
| Cash (used in) provided by financing activities of continuing operations | -$1.5M | $1.7M |
| Cash used in financing activities of discontinued operations | $0 | -$405.3K |
| Effect of foreign exchange on cash | $16.1K | $29.8K |
| Change in cash during the year | -$391.2K | -$635.1K |
| Income tax paid in cash | $2.5M | $1.5M |
| Interest payments received on note receivable | $34.0K | $0 |
| Interest paid in cash | -$187.2K | $293.7K |
| Addition in right-of-use assets and lease liabilities | $0 | $1.2M |
Former names
Recent filings
- Aug 26, 2026S-8 POS
- Aug 26, 2026S-8 POS
- Aug 26, 202615-12G
- Aug 21, 20266-K
- Aug 10, 20266-K
- Jul 9, 20266-K
- Jun 22, 20266-K
- Jun 15, 20266-K
- Jun 12, 20266-K
- Jun 12, 202620-F
- Mar 19, 2026S-8
- Feb 10, 20266-K
- Feb 10, 20266-K
- Nov 12, 20256-K
- Nov 12, 20256-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8