GRUSF - This Craft Cannabis Company Reports Q3 2023 Results With 48% Revenue Growth | Benzinga
Grown Rogue International Inc. (OTC: GRUSF) recently reported its fiscal third quarter 2023 results for the three months ended July 31, 2023.
Third Quarter 2023 Financial Highlights
- Revenue surged 48%, from $4.3 million to $6.3 million in Q3 2022.
- Operating Cash Flow (OCF), before changes in working capital (BC WC), reached $1.9 million, up from $0.9 million in Q3 2022.
- The company achieved a Free Cash Flow (FCF) of $1.1 million, after spending $0.8 million on working capital and capital expenditures.
- Grown Rogue also secured $5 million in gross proceeds through a convertible debenture financing in July and later closed a second tranche for a total of $6 million in gross proceeds.
- Subsequent to the quarter-end, $1,650,000 of the company's existing convertible debentures were converted, leaving a total convertible debt of ...