The Good Shroom Reports Its First Profitable Quarter, Revenue Grows 144% YoY
Portfolio Pulse from Vuk Zdinjak
The Good Shroom Co Inc. (TSXV:MUSH) reported its first profitable quarter with net revenue of CA$1 million ($759,000), a 144% YoY increase. Gross margin was 27%, and net profit was CA$13,660. The company's cannabis division performed well, while wellness beverage sales remained flat.
June 27, 2023 | 2:06 pm
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The Good Shroom Co Inc. reported its first profitable quarter with a 144% YoY revenue increase, driven by its cannabis division. Wellness beverage sales remained flat.
The Good Shroom Co Inc.'s first profitable quarter and significant YoY revenue growth are positive indicators for the company's stock price. The strong performance of the cannabis division is driving growth, while the wellness beverage sales remain flat, which may present future growth opportunities.
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IMPORTANCE 80
RELEVANCE 100