Red White & Bloom Brands Inc. (OTCEM:RWBYF) (CSE:RWB) filed its consolidated audited financial statements, revealing revenue of CA$97.5 million ($72.4 million) for fiscal year 2022, an increase of 161.6% compared to CA$37.3 million in fiscal year 2021.
The company has also provided notice to the British Columbia Securities Commission of the aforementioned filings to commence the process of lifting the cease trade order implemented by the BCSC on May 8, 2023. Revocation of the CTO is expected to occur within a few days of today’s filing date.
Fiscal Year 2022 Financial Highlights
Gross profit before fair value adjustments was CA$27.5 million, an CA$8.0 million increase from CA$19.5 million in 2021.
Gross profit after fair value adjustments was CA$27.6 million, a CA$4.4 million increase CA$23.2 million in 2021.
Adjusted EBITDA was …