Vireo Growth Inc. Turns $1M Loss Into $5.8M Gain In Q2: What Investors Need To Know About This Cannabis Stock
Portfolio Pulse from Nicolás Jose Rodriguez
Vireo Growth Inc. (OTC:VREOF) reported significant financial improvements for Q2 2024, including a $5.8M operating income compared to a $1M loss in Q2 2023. The company saw a 42.5% increase in revenue and a 45.2% rise in gross profit. SG&A expenses decreased by 6.1%, and the company secured a 30-month extension of its credit agreement.
August 06, 2024 | 11:02 pm
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Vireo Growth Inc. reported a significant turnaround in Q2 2024, with a $5.8M operating income compared to a $1M loss in Q2 2023. The company also saw a 42.5% increase in revenue and a 45.2% rise in gross profit.
The significant improvement in financial metrics, including a turnaround from a loss to a gain, increased revenue, and reduced SG&A expenses, is likely to positively impact VREOF's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100