LEEF Brands Shares Trading Higher On Q2 Revenue Growth Of 14.6% YoY
Portfolio Pulse from Vuk Zdinjak
LEEF Brands, Inc. (OTC:LEEEF) (CSE:LEEF) reported Q2 2023 financial results, with net sales of $9.3 million, up 14.6% YoY. The company also reported a gross profit of $2.9 million, an increase of 8.2% YoY, and an adjusted EBITDA of $293,268. However, the company reported a net loss of $20.3 million, higher than the $16.5 million loss in Q2 2022. The company's shares were trading 6.66% higher at $0.0192 per share.
August 22, 2023 | 2:44 pm
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LEEF Brands reported a YoY increase in net sales and gross profit for Q2 2023, but also a higher net loss. Despite the mixed results, the company's shares were trading higher.
LEEF Brands reported increased sales and gross profit for Q2 2023, indicating a positive performance. However, the company also reported a higher net loss, which could be a concern for investors. Despite this, the company's shares were trading higher, suggesting that the market may be focusing more on the positive aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100