Cannabis Co. Vireo Reports 2% YoY Revenue Growth, Secures $10M In Financing
Cannabis Co. Vireo Reports 2% YoY Revenue Growth, Secures $10M In Financing
Vireo's shares traded 5.15% lower at 4 cents per share after the market close on Thursday afternoon.Vireo Growth Inc., formerly known as Goodness Growth Holdings, (CSE:VREO) (OTCQX:VREOF) reported on Wednesday financial results for its third quarter ended Sept. 30, 2024.
Vireo Growth Inc.，前身爲Goodness Growth Holdings（cse:VREO）（OTCQX:VREOF），週三報告了截至2024年9月30日的第三季度財務業績。
"Our third quarter results reflect continued solid performance across our core markets, but as we discussed anticipating last quarter, year-over-year comparisons of financial performance are less significant now that we have passed the one-year anniversary of the launch of adult-use sales in Maryland," CEO Amber Shimpa said. "Our teams continue to focus on preparing for the launch of adult-use sales in Minnesota next year, and our recently announced $10.0 million financing commitment gives us additional flexibility to support this launch and continue executing our CREAM & Fire strategy."
「我們的第三季度業績反映出我們在覈心市場持續穩固的表現，但正如我們在上一季度討論過的那樣，由於馬里蘭成人用途銷售推出滿一週年，財務業績的同比對比現在不那麼顯著，」首席執行官Amber Shimpa表示。「我們的團隊繼續專注於爲明年明尼蘇達成人用途銷售的推出做準備，我們最近宣佈的1000萬美元融資承諾爲我們提供了額外的靈活性，以支持這一推出並繼續執行我們的CREAm & Fire策略。」
- Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.
- 訂閱本新聞快訊，每天免費獲取Benzinga獨家分析和大麻股行業及市場的最新資訊。如果您對業務認真，不容錯過。在這裏訂閱我們的新聞簡報。
Q3 2024 Financial Highlights
2024年Q3財務亮點：
- Revenue increased by 2% year-over-year to $25.2 million
- Revenue, excluding discontinued operations and the New York market, was up 6.2% year-over-year.
- Gross profit decreased by 6.6% year-over-year, reaching $12.3 million, with a gross margin of 49%, down from 53.5% in the prior year's quarter.
- Operating income was $3.9 million, down 34.4% compared to the previous year's third quarter.
- EBITDA dropped 19.4% to $5.7 million.
- Selling, general and administrative expenses increased by 2.4% year-over-year.
- Retail revenue grew 2% year-over-year and wholesale revenue saw a 24.4% increase over the same period.
- Vireo's operations in Maryland and Minnesota showed mixed results with Maryland achieving 12.1% year-over-year growth, while Minnesota saw a slight decline.
- 營業收入同比增長2％，達到2520萬美元。
- 除去已停止的業務和紐約市場，營業收入同比增長6.2％。
- 毛利潤同比下降6.6％，達到1230萬美元，毛利率爲49％，低於去年同期的53.5％。
- 營業收入爲390萬美元，較去年同期第三季度下降34.4％。
- EBITDA下降了19.4%，至570萬美元。
- 銷售、總務及管理費用同比增加2.4%。
- 零售營收同比增長2%，批發營收同比增長24.4%。
- 維里奧在馬里蘭和明尼蘇達的業務表現出現了變化，馬里蘭實現了12.1%的同比增長，而明尼蘇達則出現了輕微下降。
In November, Vireo secured a new $10 million convertible debt facility to support its upcoming adult-use sales launch in Minnesota and continued operations.
今年11月，維里奧獲得了一筆新的1000萬美元可轉債融資，以支持明尼蘇達即將推出的成人用大麻銷售和持續經營。
VREOF Price Action
VREOF 價格走勢
Vireo's shares traded 5.15% lower at 4 cents per share after the market close on Thursday afternoon.
週四下午收盤後，維里奧的股價每股下跌了5.15%，至4美分。
Read Also:
閱讀更多：
- Vireo Growth Extends Credit Facility With Chicago Atlantic: 'It's Not Been An Easy Path For Us' Says CEO
- Vireo Growth與Chicago Atlantic延長信貸額度：CEO表示"這對我們來說並不是一條容易的道路"
譯文內容由第三人軟體翻譯。
