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The Green Organic Dutchman Hits Record Quarterly Net Revenues Of $8.93M, Here Are The Details

Benzinga Real-time News · Aug 30, 2022 08:38

TGODF +0.00%

The Green Organic Dutchman Holdings Ltd.(CSE:TGOD) (OTC:TGODF), released its financial results for the quarter ended June 30, 2022, revealing record quarterlynet revenues of CA$11.63 million($8.93 million), a43% increasefrom Q2 2021, and a 10% increase from Q1 2022.

The quarter-over-quarter increase in revenue is in line with the company's forecast and can be mainly attributed to the launch of premium flowers (Cherry Mints & Maple Kush), launch of Pre-rolls, andHighly Dutch Organicflower continuing to gain traction in 2022.

Q2 2022 Financial Highlights

Gross profit(before changes in fair value) in Q2 2022 wasCA$2.49 million.
Gross profit margin of 21%.
General and administrative...

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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