This Craft Cannabis Company Reports Q3 2023 Results With 48% Revenue Growth
This Craft Cannabis Company Reports Q3 2023 Results With 48% Revenue Growth
Grown Rogue International Inc. (OTC:GRUSF) recently reported its fiscal third quarter 2023 results for the three months ended July 31, 2023.
Grown Rogue國際公司(場外交易代碼：GRUSF)最近公佈了截至2023年7月31日的三個月的2023財年第三季度業績。
Third Quarter 2023 Financial Highlights
2023年第三季度財務亮點
- Revenue surged 48%, from $4.3 million to $6.3 million in Q3 2022.
- Operating Cash Flow (OCF), before changes in working capital (BC WC), reached $1.9 million, up from $0.9 million in Q3 2022.
- The company achieved a Free Cash Flow (FCF) of $1.1 million, after spending $0.8 million on working capital and capital expenditures.
- Grown Rogue also secured $5 million in gross proceeds through a convertible debenture financing in July and later closed a second tranche for a total of $6 million in gross proceeds.
- Subsequent to the quarter-end, $1,650,000 of the company's existing convertible debentures were converted, leaving a total convertible debt of $6,350,000.
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- 收入2022年第三季度從430萬美元飆升至630萬美元，漲幅為48%。
- 營運現金流在營運資本(BC WC)變化之前的OCF達到190萬美元，高於2022年第三季度的90萬美元。
- 這家公司實現了自由現金流在周轉資本和資本支出80萬美元之後，淨現金流動率(FCF)為110萬美元。
- Grown Rogue還在7月份通過可轉換債券融資獲得了500萬美元的總收入，後來完成了第二批融資，總收入總計600萬美元。
- 在季度末之後，該公司現有的可轉換債券中有1,650,000美元被轉換，總可轉換債務為6,350,000美元。
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Strategic Partnerships and Market Highlights
戰略合作夥伴關係和市場亮點
Grown Rogue announced a strategic advisory agreement with Goodness Growth Holdings, Inc., focusing on improving operations in Minnesota and Maryland.
Grown Rogue宣佈與以下公司達成戰略諮詢協定Good ness Growth Holdings，Inc.，專注於改善明尼秀克達州和馬利蘭州的運營。
In the Oregon market, the company reported these results:
在俄勒岡州市場，該公司公佈了以下業績：
- Revenue reached $3.2 million, up 35% from $2.4 million in Q3 2022.
- Grown Rogue maintained its position as the #1 flower brand for nine consecutive quarters, according to LeafLink's MarketScape data.
- The launch of a 10-pack craft pre-roll product garnered positive initial traction.
- The company moved up to the #2 total wholesaler in the state from #3, according to MarketScape.
- 營收達到320萬美元，較2022年第三季度的240萬美元增長35%。
- 根據LeafLink的MarketScape數據，Grown Rogue連續九個季度保持頭號花卉品牌的地位。
- 推出一款10件裝的工藝預滾裝產品，最初獲得了積極的吸引力。
- 根據MarketScape的數據，該公司在該州的總批發商排名從第三位上升到第二位。
In Michigan, the company also demonstrated substantial growth:
在密歇根州，該公司也出現了大幅增長：
- Revenue soared to $2.8 million, a 53% increase from $1.9 million in Q3 2022.
- Grown Rogue launched strain-specific packaging, resulting in higher pricing and product mix for pre-packaged products.
- Michigan sales hit a record $277 million in August, making it the second-largest market in the U.S.
- 營收飆升至280萬美元，較2022年第三季度的190萬美元增長53%。
- Grown Rogue推出了特定菌株的包裝，導致預包裝產品的定價和產品組合更高。
- 密歇根州銷售額創歷史新高8月份為2.77億美元，使其成為美國第二大市場。
Management and Market Outlook
管理與市場展望
"Our $6.3M in revenue continues an upward trajectory with a sequential increase of 5%, after last quarter's 18% increase over our previous record quarter," said Obie Strickler, CEO of Grown Rogue.
“我們630萬美元的收入繼續保持上升趨勢，環比增長5%，上個季度比上一個創紀錄的季度增長了18%，”他說。奧比·斯特裡克勒，Grown Rogue的首席執行官。
"Our year-over-year revenue and EBITDA growth of 48% and 79%, respectively, shows our commitment to controlling costs and our focus on producing high-quality cannabis products that delight our team and customers."
我們的收入和EBITDA分別同比增長48%和79%，表明我們致力於控制成本，並專注於生產高質量的大麻產品，以取悅我們的團隊和客戶。
Price Action: GRUSF shares were trading up 4% at $0.26 per share Thursday afternoon.
價格行動：週四下午，GRUSF股價上漲4%，至每股0.26美元。
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Image by El Planteo
圖片由El Planteo提供
譯文內容由第三人軟體翻譯。