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2021 3rd Q earnings report


JoeW
 JoeW
(@joew)
Active Member
Joined: 5 months ago
Posts: 5
Topic starter  

$9.5 million and gross profit of $3.7 million compared to $806.7 thousand and $22.5 thousand, respectively, the same quarter last year.

Adjusted EBITDA from continuing operations 1 improved to $0.6 million from negative $1.3 million the same quarter last year. The improvements were attributable to the higher volumes and margins generated from the acquisition of Mankind Dispensary on April 1, 2021

A net loss of $4.3 million for the quarter is $2.8 million higher than the same quarter last year primarily due to an increase in non-cash items, transaction costs and other items of expense (recovery) being $2.8 million while the improvement in Adjusted EBITDA from continuing operations of $1.9 million was offset by higher interest of $1.1 million mostly due to the Notes 1 issued on the Miramar Transaction and higher income tax expense of $0.8 million.

https://finance.yahoo.com/news/gaby-inc-reports-solid-q3-093000020.html

 


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D. H. Taylor
(@cannabisinvestingnewsletter)
Member Admin
Joined: 1 year ago
Posts: 305
 

@joew These guys are starting build up steam.  The 38.9% gross margins was a nice little improvement and, the EBITDA profit was something to start keying in on.  I want to see these guys start expanding and adding tons more dispensaries.  But, they only have a concept of 10 right now.  It’s California.  They need 100.  Fast.  


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