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Stock impact report

Greenlane Renewables Announces Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]

Greenlane Holdings, Inc. - Class A (GNLN) 
Last greenlane holdings, inc. - class a earnings: 3/30 07:13 am Check Earnings Report
Company Research Source: Yahoo! Finance
VANCOUVER, BC March 26, 2024 /CNW/ - Greenlane Renewables Inc. (" Greenlane '' or the " Company ") (TSX: GRN) (FSE: 52G) (OTC: GRNWF) today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023 . For further information on these results please see the Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis filed under the Company's profile on SEDAR+ at www.sedarplus.ca . All amounts reported are in Canadian dollars and in accordance with International Financial Reporting Standards (" IFRS ") unless otherwise stated. Fiscal Year 2023 Highlights Include: Annual revenue of $57.8 million Gross profit of $12.4 million , Gross Margin before amortization of $14.4 million (25% of revenue); Operating loss of $13.2 million Adjusted EBITDA loss of $10.0 million Net loss and comprehensive loss of $29.4 million , including an impairment of intangible assets and goodwill charge of $14.4 million taken in the f Show less Read more
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