Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF) reported on Tuesday its unaudited fiscal fourth quarter 2023 results for the three months ended Oct. 31, 2023.
The craft cannabis company operating in Oregon and Michigan, as well as in Minnesota and Maryland through an advisory agreement with Goodness Growth Holdings, Inc. (OTCQX:GDNSF) (CSE:GDNS), revealed a 29% year-over-year increase in revenue hitting $6.5 million in the fourth quarter.
"Our $6.5M in revenue continues our upward trajectory with a sequential increase of 3%, despite the cyclicality of our Oregon outdoor business, where sales were down $0.2M from the previous quarter and $0.5M from Q2 2023," CEO Obie Strickler said.
Q4 2023 Financial Highlights
- Gross profit was $4.4 million.
- Net loss was approximately $2 million.
- Adjusted EBITDA came in positive $2.1 million compared to $1.7 million adjusted EBITDA gain in the prior year's period.
- Operating cash flow, before changes in working capital, of $1.8 million compared to $0.7 million in the fourth quarter of 2022, an increase of 156% year-over-year.
- Adjusted EBITDA margin was 32.1% compared to 32.8 % in the prior year's period.
Construction Progress In New Jersey
Grown Rogue announced its entry into the New Jersey market, with construction underway and on track to be completed in the second quarter of 2024, with sales expected in the subsequent period.
"We are particularly pleased with the construction progress in New Jersey by our partner and believe it to be one of, if not the highest return on investment in the cannabis space currently and are extremely excited to soon be bringing Oregon quality cannabis to the great people of New Jersey," Strickler said.
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Grown Rogue International Inc.(CSE: GRIN)(场外交易代码:GRUSF)周二公布了截至2023年10月31日的三个月未经审计的2023财年第四季度业绩。
这家通过与Goodness Growth Holdings, Inc.(OTCQX: GDNSF)(CSE: GDNS)签订咨询协议,在俄勒冈州和密歇根州以及明尼苏达州和马里兰州运营的精酿大麻公司透露,第四季度收入同比增长29%,达到650万美元。
首席执行官奥比·斯特里克勒说:“尽管我们的俄勒冈户外业务具有周期性,销售额比上一季度下降了20万美元,比2023年第二季度下降了50万美元,但我们的650万美元收入仍连续增长3%。”
2023 年第四季度财务摘要
- 毛利润为440万美元。
- 净亏损约为200万美元。
- 调整后的息税折旧摊销前利润为正210万美元,而去年同期调整后的息税折旧摊销前利润为170万美元。
- 扣除营运资金变动前的运营现金流为180万美元,而2022年第四季度为70万美元,同比增长156%。
- 调整后的息税折旧摊销前利润率为32.1%,而去年同期为32.8%。
新泽西州的施工进展
Grown Rogue宣布进入新泽西市场,施工正在进行中,并有望在2024年第二季度完工,预计将在随后的时期内销售。
斯特里克勒说:“我们对合作伙伴在新泽西州的施工进展感到特别满意,并相信这是目前大麻领域投资回报率最高的投资回报率之一,并对很快将俄勒冈州优质的大麻带给新泽西州的伟大人民感到非常兴奋。”
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相关新闻
- 这家精酿大麻公司公布2023年第三季度业绩,收入增长48%
- Grown Rogue 通过可转换债券融资获得 500 万美元
- Grown Rogue 2023 财年第二季度收入增长 18.2%,收入呢?