The Valens Company Inc. reported earnings results for the third quarter and nine months ended August 31, 2022. For the third quarter, the company reported sales was CAD 28.72 million compared to CAD 24.57 million a year ago. Revenue was CAD 20.3 million compared to CAD 20.99 million a year ago. Net loss was CAD 27.54 million compared to CAD 12.8 million a year ago. Basic loss per share from continuing operations was CAD 0.34 compared to CAD 0.23 a year ago.
For the nine months, sales was CAD 87.86 million compared to CAD 66.81 million a year ago. Revenue was CAD 67.48 million compared to CAD 59.77 million a year ago. Net loss was CAD 214.1 million compared to CAD 27.61 million a year ago. Basic loss per share from continuing operations was CAD 2.99 compared to CAD 0.57 a year ago.