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Red White & Bloom Posts Record Revenue In Q1, Set To Achieve Positive EBITDA By End Of FY

Benzinga Real-time News · Aug 2, 2022 11:28

RWBYF +0.00%

Red White & Bloom Brands Inc.(OTC:RWBYF) reported on Tuesday arecord revenue from continuing operations of CA$28 million ($21.85 milliom) in the first quarter of 2022.For theyear ended December 31,the company generated CA$37.3 million in revenue, up by 193% year-over-year.

"With the first half of 2022 now behind us, we are committed to driving profitable growth throughout the organization as we set our eyes to achieving positive EBITDA by the end of this fiscal year,"Brad Rogers,the company's CEO and chairman, said.

2021 Financial Highlights

Gross profit totaled CA$23.2 million.
Increase of CA$11.4 million incost of...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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