(via TheNewswire)

July 14, 2025 – TheNewswire - Seattle, WA – Nevis Brands Inc. (CSE: NEVI | OTCQB: NEVIF | FSE: 8DZ) (“Nevis” or the “Company”), a leading innovator in the cannabis beverage industry, today announced its financial results for the second fiscal quarter ended May 31, 2025. Unless otherwise noted, all figures are in Canadian dollars.

Q2 2025 Financial Highlights

• Revenue: $418,745 (VS Q1: $416,355)  

• Gross Profit: $315,228 (VS Q1: $315,345)  

• Net Loss: $(92,458) (VS Q1 Net Income: $60,430)  

• EBITDA: $-16,226 (VS Q1: $135,038)  

The Company posted a modest increase in revenue this quarter VS Q1, driven by stable revenues it its licensed markets and the early performance of its hemp-derived THC product line. At 75%, Gross Profit remained stable quarter-over-quarter, reflecting the strength of Nevis' capital-light licensing model, which allows the Company to generate high margins with relatively low overhead.

While revenue and margin performance were steady, the quarter's earnings were impacted by two non-operational factors: (1) Foreign exchange pressure from the depreciation of the U.S. dollar, which reduced earnings by more than $80,000 on a consolidated basis and

(2) Elevated audit and accounting fees tied to the appointment of a new auditor and the completion of the Company’s FY 2024 audit.

“Although our Q2 bottom-line results reflect the impact of currency effects, we remain confident in the health of our core business,” said John Kueber, CEO of Nevis Brands. “Our operating model continues to generate attractive gross margins, and our expanding product portfolio is opening up new, scalable revenue streams. We're building a solid foundation for long-term, profitable growth.”

Q2 Operational Highlights

• Geographic Expansion and Core Market Stability: Nevis continued to experience revenue growth from new market entries in New Jersey and Missouri, where the Company’s flagship brands Major™ and Happy Apple™ are gaining traction. Meanwhile, core legacy markets — including Washington, Colorado, and Oregon — demonstrated stable performance, contributing to a dependable revenue base from mature channels.  

• Launch of Hemp-Derived THC Beverage: The Company recorded its first quarterly revenue from the Happy Apple™ hemp-derived THC drink, launched in early 2025. Initial consumer feedback has been positive, with the product’s approachable format and high brand equity resonating particularly well in emerging non-dispensary retail environments. Nevis anticipates meaningful sales acceleration from this product line in the second half of fiscal 2025, as distribution scales and awareness builds.  

• Licensing Model Efficiency: Nevis’ gross margin of 75% continues to validate its asset-light strategy. By licensing IP and manufacturing relationships rather than owning production infrastructure, the Company maintains low fixed costs while participating in the upside of multiple regional markets. This approach also allows Nevis to quickly adapt to regulatory changes and shifts in consumer preferences.  

Strategic Outlook

As the cannabis beverage category matures and consumer adoption grows, Nevis is positioned to capitalize on multiple growth drivers:

• Brand-Driven Market Expansion: With strong brand equity and a loyal customer base, Major™ and Happy Apple™ are poised for wider national distribution through additional distributor agreements. New distribution partnerships are currently under review and expected to close in the coming months.  

• Cost Discipline and EBITDA Focus: The Company continues to pursue operating efficiencies across its licensing, legal, and compliance frameworks. With the exceptional audit-related costs now behind it, Nevis expects EBITDA performance to improve in the second half of the year.  

“With strong brand momentum, disciplined cost control, and new products gaining market share, Nevis is entering the second half of fiscal 2025 from a position of strength,” added Kueber. “We’re excited about the early returns from our hemp-derived THC initiative and remain focused on scaling revenues while progressing toward sustained profitability.”

About Nevis Brands

Nevis innovates and develops cannabis products that have been consumed by millions of consumers across the United States. Led by our flagship brand Major™ and Happy Apple(™) Nevis licenses and produces cannabis beverages using a variety of production and distribution partners and is rapidly expanding its products nationally.

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

Forward-Looking Statements

This news release contains "forward-looking statements" or "forward-looking information" (together, "forward-looking statements") within the meaning of applicable securities laws. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for", "see" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements in this news release include, without limitation, the Company's outlook for and expected operating margins, capital allocation and other financial results; statements relating to the business and future activities of, and developments related thereto, the Company after the date of this news release, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's business, operations and plans; expectations regarding cultivation and manufacturing capacity; expectations of market size and growth in the U.S. and the states in which the Company operates; expectations for other economic business or competitive factors related to the Company; the Company's business outlook. 

These forward-looking statements reflect the current expectations of the Company's management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's filings with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the content of this news release.

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