CannaPharmaRx Inc

cannapharmarx.com

What Do They Do?

Produces and sells dried cannabis flower and trim for medical-cannabis businesses and pharmaceutical companies.

How Do They Make Money?

Sells cannabis products; customers pay in cash or on agreed credit terms, with little time between shipping and payment being due.

FY2025 revenue

Who Are Their Customers?

Customers include an Israeli medical-cannabis company and a pharmaceutical company based in Germany.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 94% from one customer

Do Revenues Turn Into Profits?

No. It lost $11.1M in FY2025.

Operating income, FY2025

−246% of revenue

▼ −8% (Loss) vs FY2024 (−$3.6M, −443%)

Net income, FY2025

−817% of revenue

▲ +12% (Loss) vs FY2024 (−$9.9M, −1208%)

Free cash flow, FY2025

−58% of revenue

▼ −53% (Loss) vs FY2024 (−$1.7M, −207%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +19%; vs $231.6K in Q2 FY2025
Net income: ▲ +35% (Loss); vs −$1.4M in Q2 FY2025

From projects to product sales The earlier report describes a business focused on evaluating, acquiring, and developing Canadian cultivation projects, with harvest sales still planned; the latest centers on operating a cultivation facility and selling dried flower.

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