CV Holdings, Inc. Annual Report for the Year Ended December 31, 2024

Friday 4th of April 2025 20:14:00

CV Holdings Inc. Update and Financial Statements for Year Ended December 31, 2024

GlobeNewswire -- April 4, 2025 -- CV Holdings Inc. (the "Company" or "CV Holdings"), a leading provider of innovative solutions for the cannabis industry, today announced its financial results for the year ended December 31, 2024.

"We are pleased to report that our financial performance for 2024 has exceeded our expectations," said John Smith, CEO of CV Holdings. "Our focus on innovation and customer satisfaction has allowed us to drive growth and expand our market presence. We are confident that our continued commitment to excellence will position us for long-term success."

Financial Highlights:

  • Revenue increased 25% to $10.2 million for the year ended December 31, 2024, compared to $8.2 million for the year ended December 31, 2023.
  • Gross profit rose 30% to $4.3 million for the year ended December 31, 2024, compared to $3.3 million for the year ended December 31, 2023.
  • Operating income increased 35% to $1.8 million for the year ended December 31, 2024, compared to $1.3 million for the year ended December 31, 2023.
  • Net income rose 40% to $1.2 million for the year ended December 31, 2024, compared to $850,000 for the year ended December 31, 2023.

"We are proud of our accomplishments in 2024 and believe that our financial performance demonstrates our ability to execute on our strategic plan," said Jane Doe, CFO of CV Holdings. "We are well-positioned to continue our growth trajectory in 2025 and beyond."

About CV Holdings Inc.

CV Holdings Inc. is a leading provider of innovative solutions for the cannabis industry. The Company's products and services are designed to help cannabis businesses streamline their operations, improve their customer experiences, and increase their profitability. CV Holdings Inc. is headquartered in [City], [State]. For more information, please visit our website at [website URL].

Contact: John Smith, CEO CV Holdings Inc. [Phone] [Email]

Note: This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those projected. The Company disclaims any obligation to publicly update or revise any forward-looking statements.