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Consolidation And Cost Reduction Measures Behind 112% YoY Q3 Revenue Growth For Cannabis Co. BZAM

Benzinga ·  Nov 29, 2023 22:49

BZAM Ltd.(CSE:BZAM) (OTC:BZAMF) announced its financial and operating results on Tuesday for the three and nine-month period ended Sept. 30, 2023.

The Canadian cannabis producer reported a112% year-over-year increase in net revenue to CA$21 million ($15,4 million) in the third quarter of 2023, primarily driven by expansion in its brand and product portfolio resultingfrom the merger with The Green Organic Dutchman Holdings Ltd.which was completed in 2022.

As part of the final phase of its plan to unlock company-wide synergies following the merger, BZAM laid off over 90 employees at two of its facilities in British Columbia...

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