Canadian Weed Producer Reduces Net Loss For 2023 But Reports Higher Debt
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2024
0mins
Should l Buy ?
Source: Benzinga
- Financial Performance: Red White & Bloom Brands Inc. reported increased revenue for the fourth quarter and fiscal year 2023 compared to the previous year.
- Strategic Business Moves: The company focused on higher margin revenue opportunities and restructuring financing arrangements for future growth.
- Profitability Metrics: Gross profit, net loss, and Adjusted EBITDA figures showed improvements in comparison to the previous year.
- Operating Expenses: Operating expenses increased from CA$7.4 million to CA$11.0 million.
- Debt Position: The company's debt at the end of 2023 was reported as CA$240 million, up from CA$171.8 million in 2022.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
