c21 investments inc cxxif cxxi q2 2023 revenue was 72 million a 16 decrease compared to 86 million in the same quarter of 2022 and 4 decrease sequentially   adjusted ebitda of 22 million compared to 24 million in q1 2023   net income of 19 million a decrease of 54 compared to 4 million in q2 2022 up 16 million from q1 2023   cash at the end of q2 was 23 million down 02 million from q1 the companys senior secured note was reduced by 15 million in q2 and total liabilities were reduced by 16 million during the quarter i am pleased that again this quarter c21 reported solid results maintaining its strong margin and cash flow profile despite the challenging market and macro conditions that persist stated ceo and president sonny newman notwithstanding industry headwinds and statelevel pricing pressures the nevada market appears to be showing signs of stabilizing we believe the current industry environment will afford growth opportunities to those companies able to consistently generate positive free cash flow and that have strong balance sheets our strategy and focus has been to ensure c21 is well positioned to take advantage of growth opportunities that will produce long term benefits to stakeholders subsequent to the quarter the company has paid down its senior secured note by an additional 10 million with 41 million outstanding as of september 1 2022 additionally last week the city of sparks nevada approved drivethru windows at its licensed dispensaries silver state relief intends to build out this sales channel in the coming months c21 investments fy revenue almost unaffected by drop in q4 retail cannabis sales