Body and Mind Inc. (OTCQB: BMMJ) (CSE:BAMM) released financial results for the first quarter of fiscal year 2023 ended October 31, 2022, revealing revenue of $7.8 million, a 3.4% increase over Q1 FY 2022 revenues of $7.6 million.
Q1 FY 2023 Financial Highlights:
Gross profit was $1.6 million, a 50% decrease compared to a gross profit of $3.2 million for Q1 FY 2022.
Net loss was $3.0 million (or basic and diluted loss per share of $0.03) compared to a Q1 FY 2022 net loss of $700,000 (or basic and diluted loss per share of $0.01).
Adjusted EBITDA loss was $1.6 million, compared to positive adjusted EBITDA of $800,000 in …