Cannabis retailer Fire & Flower posts CA$28.1 million quarterly net loss

Canadian cannabis retailer Fire & Flower reported a net loss of 28.1 million Canadian dollars ($20.7 million) for the third quarter of its 2022 fiscal year.

That quarterly loss compares to a CA$21.6 million net loss in the previous quarter and a CA$2 million net loss in the same quarter the year before.

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Revenue for the quarter ended Oct. 29 was CA$43.8 million, an increase of 8% from the previous quarter and a decrease of 3% from the same quarter in 2021.

That quarterly revenue figure included:

CA$33 million in retail revenue (up by CA$2.6 million quarter-over quarter and down by CA$700,000 year-over-year). CA$7.9 million in wholesale and logistics revenue (down by CA$0.6 million quarter-over-quarter and similar to the same quarter last year). CA$3 million in digital revenue (up by CA$1.1 million quarter-over-quarter and down by CA$800,000 year-over-year).

Fire & Flower remains “focused

The post Cannabis retailer Fire & Flower posts CA$28.1 million quarterly net loss appeared first on GrowCola.com.

Canadian cannabis retailer Fire & Flower reported a net loss of 28.1 million Canadian dollars ($20.7 million) for the third… Continue reading
The post Cannabis retailer Fire & Flower posts CA$28.1 million quarterly net loss appeared first on GrowCola.com. 

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