Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital
Cansortium Cuts Loss YoY, Reports 14% Increase In Q1 Revenue Driven By Florida Cannabis Sales Ahead Of Merger With RIV Capital
Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) a vertically-integrated, multi-state cannabis company operating under the FLUENT brand, announced its financial and operating results Thursday for the first quarter ended March 31, 2024.
Cansortium Inc. (CSE:TIUM) (OTCQB:CNTMF) 是一家多州縱向一體化大麻公司，在 FLUENT 品牌下運營，週四公佈了截至2024年3月31日的財務和營運業績。
"We delivered another quarter of year-over-year revenue growth and positive cash flow generation during the first quarter as we continued to execute on our growth objectives," CEO Robert Beasley said. "We are making the critical investments needed to lay the foundation for growth and support our future plans and remain excited about the opportunities ahead."
"我們實現了年度營收增長和正現金流的又一個季度，這是因爲我們繼續執行我們的增長目標，"首席執行官羅伯特·比斯利說。"我們正在進行必要的關鍵投資，爲增長打下基礎，支持我們未來的計劃，對未來的機遇充滿激情。"
The first quarter earnings announcement comes on the heels of the news that Cansortium opted to merge with RIV Capital Inc. (OTC:CNPOF). The combined company will operate in Florida, New York, Texas and Pennsylvania, covering 25% of the U.S. population with eight cultivation and processing facilities and 42 retail dispensaries.
第一季度的財務報告是在Cansortium選擇與RIV Capital Inc. (OTC: CNPOF)合併的消息之後發佈的。合併後的公司將在佛羅里達州，紐約州，德克薩斯州和賓夕法尼亞州運營，涵蓋美國人口的25％，擁有八個種植和加工設施和42個零售門店。"展望未來，即將關閉的與RIV Capital的業務組合令我們感到興奮，"比斯利說。"爲在全國五個最大人口州之一中建立存在感鋪平道路。"
"Looking ahead, we are excited about the business combination with RIV Capital announced this morning, laying the groundwork for a presence in four of the five largest population states in the country upon closing," Beasley said.
"展望未來，即將關閉的與RIV Capital的業務組合令我們感到興奮，爲在全國五個最大人口州之一中建立存在感鋪平道路。"
As yet another earnings reporting season wraps up it is important to understand what these figures mean for the future of the industry. Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
隨着另一個季度的業績發佈結束，了解這些數字對該行業的未來意味着什麼是很重要的。在即將於10月8日至9日舉行的第19屆博鰲亞洲論壇上，直接聽取高管、投資者和決策者的意見。立即按照此鏈接購買門票，以避免價格上漲。
Q1 2024 Financial Highlights
2024年第一季度財務亮點
- Revenue increased 14% year-over-year to $25.2 million compared to $22.1 million in the prior year's period.
- Florida revenue increased 16% year-over-year to $21.1 million compared to $18.2 million.
- Adjusted gross profit was $12.3 million or 48.6% of revenue, compared to $10.2 million or 46.4% of revenue.
- Adjusted EBITDA came in positive at $6.8 million compared to $5.8 million adjusted EBITDA gain in the prior year's period, with the increase primarily driven by higher sales in Florida.
- Cash flow from operations for the three months ended March 31, 2024, was $4.1 million compared to $5.1 million in the prior year's period.
- On March 31, 2024 the company had roughly $8.5 million of cash and cash equivalents and $62.9 million of total debt, with approximately 300 million shares outstanding.
- Net loss decreased to $4.2 million from $7.4 million in the first quarter of fiscal 2023.
- 營業收入同比增長14％，從去年同期的2210萬美元增至2520萬美元。
- 佛羅里達州的營業收入同比增長16％，從去年同期的1820萬美元增長至2110萬美元。
- 調整後的毛利潤爲1230萬美元，佔營業收入的48.6％，而去年同期爲1020萬美元，佔營業收入的46.4％。
- 調整後的EBITDA爲680萬美元，而去年同期爲580萬美元的調整後的EBITDA，主要由佛羅里達州銷售增加推動。
- 2024年3月31日結束的三個月的經營現金流爲410萬美元，而去年同期爲510萬美元。
- 截至2024年3月31日，公司現金及現金等價物約爲850萬美元，總債務爲6290萬美元，發行約3億股。
- 淨虧損從2023財年第一季度的740萬美元減少至420萬美元。
CNTMF Price Action
CNTMF股價走勢
Cansortium's shares traded 0.47% higher at $0.172 per share at the time of writing on Friday morning.
Cansortium股票週五早上寫作時下跌了0.47％，每股爲0.172美元。
譯文內容由第三人軟體翻譯。