Can't even get the year right?!?!?No one else caught this? WTF? Their entire FS is riddled with "Q2 2024" dates, and comparatives to Q2 2023?!?!?;
Highlights
- Canadian cannabis business delivered its third consecutive quarter of organic revenue growth while significantly reducing costs.
- Achieved fiscal Q2 2024 net revenue of $70-million. Consolidated gross margin was 34 per cent in fiscal Q2 2024, compared with (1 per cent) in fiscal Q2 2023, primarily driven by the business transformation initiatives executed since the beginning of fiscal 2023.
- Delivered additional cost reduction of $54-million in fiscal Q2 2024, bringing the total cost reduction to $226-million since the beginning of fiscal 2023. Management is tightening its previously announced cost reduction target to $270-million to $300-million by the end of fiscal 2024.
- With the completed sale of the company's Hershey Drive facility, generated aggregate gross proceeds of approximately $155-million from facilities sales since April 1, 2023.
- Reduced overall debt by $364-million to $681-million in fiscal Q2 2024; total debt reduction of approximately $1-billion delivered since the beginning of fiscal 2023.
Faulking Maroons. AND they lost another THIRD OF A BILLION DOLLARS IN THE QUARTER?
The rock of the canadian governments cannabis launch, continues to sink to the bottom.