Ayurcann Achieves Record Growth in Revenue and Leadership Changes

Ayurcann Reports Record Sales Growth

Toronto, Ontario – Ayurcann Holdings Corp. (CSE: AYUR, OTCQB: AYURF) is thrilled to share its impressive financial and operational results for the three months ending September 30, 2024. This announcement underscores the Company’s dedication to excellence in the cannabis industry while highlighting key milestones achieved during this period.

Remarkable Financial Highlights

During the last quarter, Ayurcann experienced notable growth in revenue and operational metrics, reflecting its strategic approach to manufacturing and processing cannabis products. The highlights for this quarter include:

Impressive Revenue Growth

In this quarter, Ayurcann achieved a gross revenue of $14.76 million, marking a significant 25% increase compared to $11.77 million from the same quarter in the previous year. This growth illustrates the Company’s effective strategies and commitment to meeting consumer demand.

Strong Profitability Metrics

Ayurcann's gross margin was a noteworthy 38%, coupled with an adjusted positive EBITDA of $290,505. This financial performance highlights the Company’s focus on maintaining a sustainable and efficient operation.

Industry Leadership Recognition

Positioned as a premier manufacturer, Ayurcann was recognized as the #1 vaporizer producer and a Top 5 pre-roll manufacturer by volume in Ontario. This established industry leadership reinforces the Company's market presence and commitment to providing high-quality cannabis products.

A Pivotal Year for Ayurcann

The transition into fiscal 2025 marks an important phase not only for Ayurcann but also for Canada’s burgeoning cannabis industry. Igal Sudman, CEO of Ayurcann, expresses that, "Our strategic focus on innovation and building strong partnerships has allowed us to expand our market presence significantly. With brands like Fuego and Happy & Stoned, we are thrilled to see continued growth quarter after quarter."

Corporate Updates

New CFO Appointment

Ayurcann is pleased to announce the appointment of Yisroel Zuchter as the new Chief Financial Officer, effective December 2, 2024. Zuchter replaces Roman Buzaker, who continues as President and COO. With over two decades of financial experience, Zuchter brings a wealth of knowledge, particularly in financial management and operational efficiency.

Strategic Growth Approach

Ayurcann has been proactive in expanding its product offerings. In recent months, the Company has introduced 30 new stock-keeping units (SKUs) across multiple categories, including vaping and concentrates. This broadens their reach and enhances their product line in key markets.

Building Competitiveness Through Efficiency

Investing in advanced systems for manufacturing and supply chain management, Ayurcann has fortified its infrastructure for long-term growth. By refining their operations and strengthening partnerships, the Company aims to enhance productivity and profitability.

Cultivating a Strong Team

The strength of Ayurcann lies in its dedicated team. By promoting a culture of innovation and recognition, Ayurcann empowers its workforce to excel amidst competitive pressures, ultimately driving the Company’s growth trajectory.

Resilience Amid Industry Challenges

The cannabis sector is not without its challenges, such as price fluctuations and regulatory hurdles. However, Ayurcann has shown resilience. The steady demand for its products, fueled by a focus on quality and value, positions the Company favorably within the industry.

Future Prospects and Market Outlook

As Ayurcann forges ahead, its commitment to innovation, operational excellence, and market responsiveness continues to guide its path. By nurturing consumer-driven growth and expanding its product portfolio, Ayurcann aims to enhance its market position and deliver long-term value to stakeholders.

Business Combination Update

In relation to the Company’s recent press releases, Ayurcann has received further communication from Arogo Capital Acquisition Corporation regarding the Business Combination termination. The Company is poised to provide more information as it arises.

Frequently Asked Questions

What financial milestones did Ayurcann achieve in Q1 2025?

Ayurcann reported gross revenue of $14.76 million, reflecting a 25% increase compared to the previous year.

Who has been appointed as the new CFO at Ayurcann?

Yisroel Zuchter has been appointed as the new Chief Financial Officer, effective December 2, 2024.

What products has Ayurcann expanded its offerings to include?

Ayurcann has recently introduced 30 new SKUs across vape, pre-roll, and concentrate categories.

What is Ayurcann's current market position in the cannabis industry?

Ayurcann is recognized as the #1 vaporizer producer and a Top 5 pre-roll manufacturer in Ontario.

How is Ayurcann addressing challenges in the cannabis market?

Ayurcann remains resilient through a commitment to quality, innovation, and operational efficiency.

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