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Avicanna Swings to Net Comprehensive Loss in Q1

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Avicanna (AVCN.TO) swung to a net comprehensive loss in the first quarter compared to a year-ago gain, it said on Thursday.

For the three months ended March 31, 2026, the company reported net comprehensive loss of $214,653 or breakeven per share, compared with net comprehensive gain of $876,331 or net comprehensive gain per share of $0.01, a year earlier.

Revenue for the first quarter increased to $6.7 million, compared with $6.3 million, a year-ago. Growth was primarily driven by an 11% increase in MyMedi.ca revenue and a 24% increase in product sales in Canada compared to the same period in 2025, it said.

Shares of the company closed down 3.9% to $0.125 on Wednesday on the Toronto Stock Exchange.

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