Irwin Naturals Inc. (OTCQB: IWINF) (CSE:IWIN) (FRA:97X) revenue in 2022 was $89.5 million, down 10.8% from $100.3 million in 2021.
FY 2022 Financial Highlights
-
Gross profit was $40.7 million, compared to $44.7 million in 2021.
-
Net loss was $2.5 million compared to income of $10.1 million in 2021.
-
Adjusted EBITDA was $3.7 million a 69.5% decrease compared to $12 million in 2021.
-
Cash at end of the year was $800,000.
Sean Sand, CFO, stated, “During the fourth quarter of 2022, we made further progress in meeting our expansion efforts into the high-growth cannabis and …