Red White & Bloom Q1 Revenue Declines 4% YoY, Here Are The Details
Portfolio Pulse from Vuk Zdinjak
Red White & Bloom Brands Inc. reported Q1 2023 revenue of $27 million, a 4% YoY decrease. Gross profit was $8.4 million, and adjusted EBITDA was $95,391. The company entered into debenture amending agreements and appointed Edoardo Mattei as its new CFO.
May 31, 2023 | 1:33 pm
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Red White & Bloom's Q1 2023 revenue declined 4% YoY to $27 million, with gross profit at $8.4 million and adjusted EBITDA at $95,391. The company entered into debenture agreements and appointed a new CFO.
Red White & Bloom's Q1 2023 revenue decline of 4% YoY and lower gross profit and adjusted EBITDA may negatively impact the stock price in the short term. However, the company's debenture agreements and appointment of a new CFO could help stabilize the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100