GDNSF - Goodness Growth Reports 16% YoY Revenue Growth In Q1 Progress Regarding New York Exit | Benzinga
Cannabis company Goodness Growth Holdings, Inc. (CSE:GDNS) (OTCQX:GDNSF) reported financial results Tuesday for its first quarter ended March 31, 2024, with net revenue of $24.09 million, up by 16% from $19.09 million in the same period year ago.
"Our first quarter results reflect a continuation of the trends we observed during the fourth quarter, with continued improvements in operating and financial performance driven by the commencement of adult-use sales in Maryland in July 2023," stated CEO Josh Rosen. "In 2024, our teams remain focused on executing the key tenets of our CREAM & Fire strategy. As it relates to our divestiture process in New York, we continue to make progress with Ace Venture Enterprises and are also anticipating receiving approval to sell wholesale into the adult-use market shortly."
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