Fire & Flower Holdings Corp. (OTCQX: FFLWF) (TSX:FAF) released its financial and operational results for the fiscal 2023 first quarter ended March 31, 2023, revealing revenue of CA$43.1 million ($32 million) for Q1 2023, representing a 5.3% increase from CA$40.9 million in Q1 2022.
Note on Prior Year Comparative Period
As at December 31, 2022, the company's fiscal year was changed from a 52 or 53-week period ending the Saturday closest to January 31 to a calendar 12-month period ending December 31 to enhance comparability of its periodic financial statements with those of its peers. Accordingly, the information presented here, the interim financial statements, and the management's discussion and analysis reflect the results for the calendar quarter ended March 31, 2023, while the comparative figures reflect the 13-week period ended April 30, 2022 ("Q1 2022").
Q1 2023 …