Aleafia Health FY23 Net Revenue Stagnates, What About Profit?
Portfolio Pulse from Vuk Zdinjak
Aleafia Health Inc. reported FY23 net revenue of CA$42.8 million ($32.2 million), a 0.6% decrease compared to FY 2022. Gross profit was CA$6 million, and net loss was CA$34.6 million. The company is excited about its proposed business transaction with Red White & Bloom.
June 14, 2023 | 2:45 pm
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NEUTRAL IMPACT
Aleafia Health's FY23 revenue decreased by 0.6% YoY, but gross profit improved. The company is looking forward to its proposed business transaction with Red White & Bloom.
Aleafia Health's revenue decreased slightly, but the company managed to improve its gross profit. The proposed business transaction with Red White & Bloom could bring potential synergies and growth opportunities, but it's uncertain how this will affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100