C21 Investments (CXXIF) Gross Margin (2018 - 2026)
C21 Investments' (CXXIF) quarterly Gross Margin came in at 32.51% in Q2 2026, down 238.0% year-over-year from 23.56% in Q2 2025, and down 25.29% quarter-over-quarter from 43.51% in Q1 2026.
Analysis
C21 Investments (CXXIF) Gross Margin (2018 - 2026) Analysis & Trends
C21 Investments (CXXIF) has reported Gross Margin for 9 consecutive years, with 32.51% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 238.0% year-over-year to 32.51% in Q2 2026; TTM through Jun 2026 was 41.34%, a 79.0% decrease from a year earlier, with the FY2026 full-year figure at 41.71%, up 2.0% from the prior year.
- Gross Margin was 32.51% for Q2 2026 at C21 Investments, down from 43.51% in the prior quarter.
- Over five years, Gross Margin peaked at 53.78% in Q3 2022 and troughed at 23.46% in Q1 2023.
- A 5-year average of 41.24% and a median of 40.36% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 5378 bps in 2022 and sank 2837 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 53.78% in 2022, then fell by 26 bps to 39.76% in 2023, then advanced by 16 bps to 45.97% in 2024, then fell by 17 bps to 38.21% in 2025, then slipped by 15 bps to 32.51% in 2026.
- The last three Gross Margin figures came in at 32.51% (Q2 2026), 43.51% (Q1 2026), and 38.21% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 49.96% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 59.90% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 44.96% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 40.30% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 33.54% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 45.53% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 32.13% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 45.75% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 22.16% |
| 10 | C21 Investments | 30.64 Mn | 28.01 Mn | 2.48 Mn | 32.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.51% |
| Mar 31, 2026 | 43.51% |
| Dec 31, 2025 | 38.21% |
| Sep 30, 2025 | 50.39% |
| Jun 30, 2025 | 34.89% |
| Mar 31, 2025 | 44.77% |
| Dec 31, 2024 | 45.97% |
| Sep 30, 2024 | 43.48% |
| Jun 30, 2024 | 30.79% |
| Mar 31, 2024 | 39.78% |
| Jan 31, 2024 | 40.94% |
| Oct 31, 2023 | 39.76% |
| Jul 31, 2023 | 39.53% |
| Apr 30, 2023 | 35.36% |
| Jan 31, 2023 | 23.46% |
| Jul 31, 2022 | 53.78% |
| Apr 30, 2022 | 53.36% |
| Jan 31, 2022 | 51.83% |
| Oct 31, 2021 | 56.09% |
| Jul 31, 2021 | 0.00% |