* Generated revenue of $416,355 in Q1 2025 VS $258,155 in Q4 2024, an increase of 61% over the prior quarter.

* Cost of goods sold were $92,663 for a Gross Profit of $323,722.  Gross Margin on 78%

* Nevis reported Net Income of $60,430.  Earnings excluding Interest, Depreciation, and Amortization were $135,038

Seattle, WA – TheNewswire - April 17, 2025 - Nevis Brands Inc (CSE: NEVI) (OTCQB: NEVIF) ("Nevis" or the "Company") a leading provider of cannabis beverages brands, today reported its financial results for the first fiscal quarter, ending February 28th, 2025.  All currency references used in this news release are in Canadian currency unless otherwise noted.  

For the quarter, Nevis generated $416.355 in revenue and Cost of Goods Sold of $92,633 for a Gross Profit of $323,722.  Net income for the quarter was $60,430.  When excluding Interest, Depreciation and Amortization the Company’s earnings were $135,038,.

Management Commentary:

John Kueber, CEO of Nevis Brands, commented,

“We are pleased to start our fiscal 2025 by growing our revenues by 61% from last quarter, growing revenues and continuing to build retailers and territories carrying Major(™) and Happy Apple(™).  We saw significant gains in New Jersey, Missouri and maintained a high level of sales in Washington.  Other markets such as Oregon, Oklahoma, Colorado and Mississippi sales were roughly flat from Q4.  Demand for our products remains strong and we are also pleased to continue to make gains on our operations by lowering our expenses for both cost of goods sold as well as certain overhead.”

Kueber continued:  “Looking to Q2 we see our activities with our new hemp derived THC product, Happy Apple (™) contributing to revenues in this rapidly developing market.  We also look forward to continuing to develop our growing markets in New Jersey and Missouri as well as launch at least one new market in Q2.

About Nevis Brands

Nevis innovates and develops cannabis products that have been consumed by millions of consumers across Washington, Oregon, California, Colorado, Arizona, Nevada and Ohio with agreements to expand to Michigan and Missouri. Led by our flagship brand Major™ (www.drinkmajor.com) Nevis partners with leading cannabis product manufacturers and distributors to enhance their product offerings.

Nevis Brands Inc. is publicly traded on the CSE under the symbol “NEVI,” OTCQB “NEVIF” and Frankfurt Stock Exchange symbol under the symbol “8DZ”

CONTACT INFORMATION:  

Investor Relations - Attention John Kueber

investors@nevisbrands.com  

Tel:  425-380-2151 - www.nevisbrands.com

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement Regarding “Forward-Looking” Information Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Investors are advised to consider the risk factors under the heading “Risks and Uncertainties” in the Company’s Form 2A, available at www.sedar.com for a discussion of the factors that could cause the Company’s actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.