GRUSF - Craft Cannabis Co. Grown Rogue Reports Gross Profit Increase In 2023 CEO Signals Expansion | Benzinga
Cannabis company Grown Rogue International Inc. (CSE:GRIN) (OTC:GRUSF), reported its audited 2023 results on Thursday for the twelve months ended Oct, 31, 2023, revealing a 32% year-over-year increase in revenue to $23.4 million and a 102% spike in operating cash flow to $6.4 million.
These figures are a testament to the company's "ability to profitably scale our business, our commitment to controlling costs through the growth cycle, and our focus on high-quality cannabis products that delight our consumers,” says Obie Strickler, CEO of Grown Rogue.
2023 Financial Highlights
- Gross profit totaled $12.7 million, up from $8.1 million in the prior year.
- Total expenses amounted to $8.4 million up from $7.2 million in 2022.
- Income from operations was $4.2 million up from $957,149.
- Total comprehensive loss was $666.882, compared to total comprehensive income of $400,716 in the prior year.
- Adjusted EBITDA came in positive at $7.6 million, down from a positive adjusted EBITDA of $5.1 million in fiscal 2022.
- Free cash flow was ...