Goodness Growth Holdings Reports Q4 2023 Revenue Growth, Gross Margin And Operating Profits
Goodness Growth Holdings, Inc.,(CSE: GDNS) (OTC: GDNSF) cannabis company reported its financial results Tuesday morning for the fourth quarter and the entire fiscal year of 2023. The Minneapolis-based firm reported Q4 2023 revenue of $24.2 million, a robust increase of 34.4% compared to the previous year, excluding discontinued operations.
Additionally, the operating income for the same quarter stood at $5.4 million, marking the second consecutive quarter the company’s operating income surpassed the $5 million threshold.
Leadership Insights
Interim CEO Josh Rosen highlighted 2023 as a transformative year, emphasizing the successful execution of the CREAM & Fire strategy, which led to continuous improvements in revenue, gross margin, and operating profit.
Amber Shimpa, president and CEO of Vireo Health of Minnesota, a subsidiary, underscored the operational improvements and the anticipation for the launch of adult-use cannabis sales in Minnesota in 2025.
Learn more about these essential issues at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Get your tickets now on bzcannabis.com – Prices …