Cannabis accessory distributor Humble & Fume Inc. (CSE: HMBL) (OTC Pink: HUMBF) reported its full-year financial results for the period ended June 30, 2023.
FY 2023 Financial Highlights
- Total revenue amounted to CA$68.5 million ($49.6 million), up from CA$66.1 million in fiscal 2022.
- Gross margin was CA$10.2 million, down from CA$12.6 million in the prior year.
- Total operating expenses were CA$34.8 million, up from CA$29.5 million in 2022.
- Net loss grew year-over-year to roughly CA$25 million from CA$16 million in the prior year.
- As of June 30, 2023, the company had CA$28.2 million in total assets, down from CA$36.4 million in 2022.
- Total liabilities amounted to CA$12.8 million as of June 30, 2023, up from CA$9.95 million in the prior year.
- Cash and cash equivalents were CA$2.8 million, down from CA$6.3 million on June ...