Simply Better’s Q2 Gross Profit Increases 83% YoY, Revenue Down 17% As CBD Segment Dips
Simply Better Brands Corp. (TSXV:SBBC) (OTCQB:SBBCF) announced on Monday its interim financial results for the second quarter ended June 30, 2024.
Revenue totaled $7 million for the period, down from $8.4 million in the second quarter of fiscal 2023. The company attributed a 17% year-over-year decline to a decrease in revenue in the CBD segment.
“I am very pleased with the Company’s progress over this past quarter, during which we achieved significant milestones in expanding our distribution footprint, enhancing our financial position, and strengthening our leadership team and board,” said Kingsley Ward, CEO and chairman of SBBC. “We have completed our restructuring efforts after divesting non-core …