Canadian Cannabis Producer Red White & Bloom Narrows Q3 Net Loss As Revenue Stays Flat YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
Should l Buy ?
Source: Benzinga
Financial Performance: Red White & Bloom Brands Inc. reported a quarterly revenue of CA$21.7 million for Q3 2024, an increase from CA$20.1 million in the previous year, with a significant rise in EBITDA to approximately $7.5 million, reflecting efforts to optimize operations and exit unprofitable ventures.
Operational Developments: The company expanded its product listings and distribution network, launched new product lines in California, and began adult-use sales in Ohio, while also restructuring retail operations in Michigan for cost savings.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
