- Quarterly revenue increased 51% year-over-year to $43.3 million
- Fifth Consecutive Quarter of Positive Adjusted EBITDA of $3.1 million
- Hifyre™ Digital Retail and Analytics Platform generated $3.7 million in revenue for the quarter, an increase of 293% year-over-year
TORONTO , Sept. 14, 2021 /CNW/ - Fire & Flower Holdings Corp. ("Fire & Flower" or the "Company") (TSX: FAF OTCQX: FFLWF), today announced its financial and operational results for the fiscal second quarter ended July 31, 2021 .
Trevor Fencott , Chief Executive Officer of Fire & Flower commented, "This quarter we continued to execute on our overall business strategy as our revenues increased 51% year-over-year to $43.3 million . Also, we successfully laid the foundation of our expanded digital strategy in the second quarter as we strengthened key partnerships and began recognizing the full value of our Hifyre digital platform. Our unique capability to apply today's most advanced technology for collecting consumer buying behaviors to deliver the strongest e-commerce experience is an invaluable asset in our industry. We are extremely pleased to be entering a new stage of our growth as we continue to leverage and monetize our tech-enabled platform to expand upon our leadership position and enter new growth markets utilizing an asset-light, highly scalable e-commerce model."