Vibe Growth Corporation (CSE: VIBE) (OTCQX: VIBEF), a vertically integrated cannabis company in California, released its financial results Wednesday for the three and six months ending June 30, 2023.
In terms of EBITDA, the adjusted loss for Q2 2023 was $557,056, marking an improvement from the previous quarter's $2,706,964 loss.
Vibe CEO Mark Waldron noted the groundwork for centralized purchasing and distribution, resulting in better gross margins. He also highlighted upcoming strategies like new product launches and increased marketing efforts.
Financial Results: Q2 2023
- Total Revenue: $3,690,295
- Gross Margin: $1,312,675
- Net Loss: ($1,397,542)
- Adjusted Funds Flow: ($1,012,428)
- EBITDA: ($641,893)
- Adjusted …