Canadian Marijuana Company Red White & Bloom Q2 Revenue In Line YoY, Touts 'Notable Strides On Several Strategic Initiatives'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 30 2024
0mins
Should l Buy ?
Source: Benzinga
Financial Performance: Red White & Bloom Brands Inc. reported a revenue increase to CA$22.0 million for Q2 2024, alongside an adjusted EBITDA gain of CA$3.6 million, despite a net loss from continuing operations of CA$10.66 million.
Operational Developments: The company is advancing strategic initiatives including new retail locations in Florida, partnerships in California, and enhancing its product offerings through the acquisition of Emblem Cannabis Corp., aiming for sustainable growth and improved profitability in the latter half of 2024.
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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.
