Nevis Brands Inc. Reports Increased Operating Cash Flow and Strategic Wind-Down of Hemp THC

SEATTLE, WA – July 16, 2026 – Leads & Copy – Nevis Brands Inc. (CSE: NEVI) has released its financial results for the six months ended May 31, 2026, highlighting increased operating cash flow and a strategic shift away from hemp-derived THC products. The company reported a total revenue of $799,015 for the period, a 4% decrease from the $835,100 recorded in the previous six-month period ending May 2025. This revenue reduction is attributed to Nevis's deliberate wind-down of its hemp-derived products to enhance the company's risk and margin profiles.

Despite a reported net loss of $77,188 for the first half of fiscal year 2026, Nevis achieved a positive adjusted operating outcome of $48,399 when excluding non-cash items such as amortization ($121,756) and depreciation ($3,831). Net cash provided by operating activities saw a significant increase, reaching $39,577 for the six months ended May 31, 2026, up from $7,804 in the corresponding period of the prior year. Furthermore, the company reported a positive working capital position of $45,517 as of May 31, 2026, a notable improvement from the working capital deficiency of $64,293 at November 30, 2025.

Growth in core licensed markets, specifically Arizona and New Mexico, helped to offset the revenue decline from the company's former hemp-derived THC business. Nevis also reported progress in debt reduction, successfully paying down over $50,000 in debt owed to QuickBooks Capital and a CEO loan. The company also extended its promissory note with SoRSE.

John Kueber, CEO of Nevis Brands, stated that the first six months of the fiscal year demonstrate significant progress in refocusing on core licensee markets. He noted that by expanding the company's presence in existing and new regulated territories, the revenue generated has almost entirely replaced that of the former hemp-derived THC business. Kueber also emphasized the company's strict operational discipline, which has led to improvements in both cash flow and working capital. He added that Nevis has a demonstrated ability to secure new licensees and distributors with minimal capital expenditure.

Looking ahead to the second half of 2026, Kueber indicated that the company will maintain its fiscal discipline, continue to innovate with new products in both the cannabis and non-cannabis beverage sectors, and fund its next phase of growth directly through operating cash flow.

Nevis Brands is a beverage innovator known for its cannabis and hemp-derived THC brands, including Major™ and Happy Apple™. The company is focused on creating a diverse portfolio of high-quality beverages, from cannabis-infused drinks to non-psychoactive adaptogenic beverages, designed to support consumer lifestyles and wellness routines.

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

Source: Nevis Brands Inc.