- The Good Shroom Co. (TSXV:MUSH), an emerging micro-cap cannabis stock, is announcing its first fully profitable fiscal year marked by year-over-year (YoY) growth across key metrics
- Net profit for fiscal 2024 came in at C$40,603, up from $(452,140) YoY
- The Good Shroom Co. is a cannabis company active in Quebec and pursuing national expansion
- The Good Shroom Co. stock has given back 41.67 per cent YoY and over 60 per cent since inception in 2021
The Good Shroom Co. (TSXV:MUSH), an emerging micro-cap cannabis stock, is announcing its first fully profitable fiscal year marked by year-over-year (YoY) growth across key metrics.
Here are the highlights from fiscal 2024 ended July 31:
- Net revenue increased by 23 per cent YoY from C$3.16 million to C$3.89 million.
- Net profit came in at C$40,603, up from $(452,140) YoY.
- Gross margin grew from 16.4 per cent to 26.4 per cent thanks to cost efficiencies…
