Canadian Marijuana Company Red White & Bloom Q2 Revenue In Line YoY, Touts 'Notable Strides On Several Strategic Initiatives'
Portfolio Pulse from Nina Zdinjak
Red White & Bloom Brands Inc., a Canadian cannabis company, reported Q2 revenue of CA$22.0 million, in line with last year. The company made strategic strides, including refinancing agreements, new retail locations in Florida, and distribution partnerships in California. Despite a net loss, adjusted EBITDA improved significantly. The company anticipates further EBITDA growth in the latter half of 2024.
August 30, 2024 | 1:33 pm
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Red White & Bloom Brands Inc. reported Q2 revenue of CA$22.0 million, with strategic initiatives in refinancing, retail expansion, and partnerships. Despite a net loss, adjusted EBITDA improved, indicating potential growth in the latter half of 2024.
The company's revenue remained stable year-over-year, and strategic initiatives such as refinancing, retail expansion, and partnerships are expected to drive future growth. The improvement in adjusted EBITDA suggests operational efficiency gains, which could positively impact the stock price in the short term.
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