RWBYF - Canadian Cannabis Producer Reduces Net Loss In Q2 Reports Drop In Revenue And Gross Profit Improvement | Benzinga
Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) reported on Tuesday its condensed interim consolidated unaudited financial results for its second quarter ended June 30, 2023.
Q2 2023 Financial Highlights
- Revenues were CA$21.9 million ($16 million), down from CA$27.4 million in the prior year’s period.
- Gross profit, before fair value adjustments, was CA$6.9 million, up from CA$4.8 million in the same quarter of last year.
- Total operating expenses were CA$9.8 million, down from CA$13.3 million in the corresponding period of last year.
- Net loss was CA$ 9.4 million, down from CA$ 17.6 million in the second quarter of fiscal 2022.
- Adjusted EBITDA ...