GDNSF - Goodness Growth Holdings Reports Q4 2023 Revenue Growth Gross Margin And Operating Profits | Benzinga
Goodness Growth Holdings, Inc.,(CSE: GDNS) (OTC: GDNSF) cannabis company reported its financial results Tuesday morning for the fourth quarter and the entire fiscal year of 2023. The Minneapolis-based firm reported Q4 2023 revenue of $24.2 million, a robust increase of 34.4% compared to the previous year, excluding discontinued operations.
Additionally, the operating income for the same quarter stood at $5.4 million, marking the second consecutive quarter the company's operating income surpassed the $5 million threshold.
Leadership Insights
Interim CEO Josh Rosen highlighted 2023 as a transformative year, emphasizing the successful execution of the CREAM & Fire strategy, which led to continuous improvements in revenue, gross margin, and operating profit.
Amber Shimpa, president and CEO of Vireo Health of Minnesota, a subsidiary, underscored the operational improvements and the anticipation for the launch of adult-use cannabis sales in Minnesota in 2025.
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