Fire & Flower Revenue Spikes 142% YoY On Heels Of Buying Spree
Fire & Flower Holdings Corp. (TSX:FAF) (OTCQX:FFLWF) found itself on the hunt for acquisition targets. Fire & Flower generated around $33.1 million at a gross profit of 34.7% in the third quarter of this fiscal year. That's a year-over-year and sequential increase of 142% and 15.8%, respectively. The Toronto-based company also reported achieving an adjusted positive EBITDA of $1.2 million for the quarter, versus a $0.3 million loss in the prior quarter. Fire & Flower CEO Trevor Fencott said that "achievement of positive Adjusted EBITDA is a significant milestone and demonstrates our continu...
Source: benzinga.com