Ayurcann reported $55.4 million in gross revenue for the year ended June 30, 2025, net revenue of $31.1 million, gross profit of $11.6 million, and a $3.5 million net loss.
Gross revenue increased 21.2% compared to the previous year, net revenue increased 23.7%, and net losses decreased by 12.1%.
The majority of the company’s revenue came from B2C sales, with just $146,559 from B2B sales and $890,397 from services. B2B sales decreased from the previous year, while sales from services increased.
The company incurred $23.8 million in excise from its $54.4 million in B2C sales, a rate of 44%. As of June 30, 2025, the company had accumulated a deficit of nearly $17.9 million and a working capital deficit of almost $4.9 million.
Ayurcann earns revenue from extracting and processing cannabis oil-based products, both from its own biomass and by providing these services to customers.
On March 20, 2025, the company dissolved its former subsidiary brands, Joint and Hustle & Shake Inc. The company has 80 SKUs available in Canada, with more than 35,500 product listings across Ontario, New Brunswick, Manitoba, Saskatchewan, Alberta, British Columbia, Newfoundland, and Yukon. Its brands include Fuego, Xplor, and Happy & Stoned.
“As the cannabis industry continues to mature in Canada, we are thrilled to see sustained growth and strong demand for our brands across multiple provinces,” said Igal Sudman, Chief Executive Officer of Ayurcann. “Despite price compression and competitive pressures, our focus on the business-to-consumer market has enabled Ayurcann to expand market share, diversify product offerings, and strengthen brand loyalty nationwide.”
“Our continued success is rooted in innovation, reliability, and our ability to anticipate market needs,” added Sudman. “With a clear vision and commitment to excellence, Ayurcann remains focused on driving growth, enhancing shareholder value, and expanding our footprint both domestically and abroad.”
