Vireo Growth Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 06, 2024 at 04:33 pm EDT
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Vireo Growth Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 25.11 million compared to USD 20.2 million a year ago. Net loss was USD 0.668411 million compared to USD 7.33 million a year ago.
For the six months, sales was USD 49.2 million compared to USD 39.28 million a year ago. Net loss was USD 7.38 million compared to USD 15.74 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.12 a year ago.
Vireo Growth Inc., formerly Goodness Growth Holdings, Inc., is a cannabis company. The Company has operations in four markets in Maryland, Minnesota, New Mexico, and New York. The Company is science-focused and provides patients and adult-use customers with cannabis-based products. It cultivates and manufactures pharmaceutical-grade cannabis extracts and sells its products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. It has developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. The Company manufactures, assembles, and packages cannabis finished goods across a range of product segments, including Inhalable, Ingestible, and Topicals. Its brands include Vireo Spectrum, Vireo Selects, 1937, Boundary Waters, Hi-Color, Kings and Queens, and various other flower and trim brands.
VIREO GROWTH INC.