Medicine Man Technologies Inc. operating as Schwazze, (OTCQX: SHWZ) (NEO:SHWZ) released financial results for the first quarter 2023, revealing revenue of $40 million, an increase of 26% compared to $31.8 million in Q1 2022.
Q1 2023 Financial Highlights
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Gross profit of $23.0 million, an increase of 111% compared to $10.9 million in Q1 2022
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Gross profit margin of 58% compared to 34% in Q1 2022
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Adjusted EBITDA of $14.5 million was 36.3% …