Global cannabis company Flora Growth Corp (NASDAQ:FLGC) announced its financial results for the quarter ended September 30, 2023.
Q3 2023 Financial Highlights
- Revenue climbed to $17.3 million, marking a 78% increase from the previous year’s quarter.
- Net loss of $47.3 million compared to $39.6 million in the comparable period.
- Gross profit rose to $4.9 million, up 6% from the previous year.
- Adjusted EBITDA for Q3 2023 showed a loss of $231,000.
- Operating expenses were $5.5 million, showing a 40% decrease year-over-year.
This quarter reflects the first time …