RE:RE:HEXO and FAFRotaluceps wrote: Headhunter wrote: https://www.fool.ca/2021/09/17/2-stocks-that-could-surge-to-double-their-value-soon/
FAF revenue declined ??????????????, though not as much as Hexo, too much competition.
LINK
https://money.tmx.com/en/quote/FAF/news/6668554322505444/Fire_Flower_Announces_Fiscal_Second_Quarter_2021_Financial_and_Operational_Results FAF Financial Highlights for the Second Quarter period ended July 31, 2021
- Total revenue of $43.3 million compared to revenue of $28.6 million for the second quarter of 2020, an increase of 51.4%
- Total gross profit $16.2 million , or 37.3% of revenue, compared to total gross profit of $10.0 million , or 34.8% of revenues in the second quarter of 2020
- Fifth consecutive quarter of positive Adjusted EBITDA of $3.1 million compared to positive Adjusted EBITDA of $1.1 million for the second quarter of 2020, representing an increase of 176% year over year
- Total debt at July 31, 2021 was $3.8 million
- Cash and short-term investment balances of $29.3 million
"As our financial results demonstrate, our Hifyre business segment is growing at a rate significantly greater than past quarters and is now driving new opporutnities for total revenue growth and stronger EBITDA. Our growth is focused on building upon these opportunities, white-labelling our e-commerce platform to drive additional high-margin revenue streams and capture new customers through our announced acquisitions of Wikileaf and PotGuide. We continue to successfully execute an e-commerce model unlike any of our competitors as we drive our leadership position in the global cannabis retail industry," concluded Fencott.