Goodness Growth Holdings Inc ( (VREOF) ) has released its Q1 earnings. Here is a breakdown of the information Goodness Growth Holdings Inc presented to its investors.
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Goodness Growth Holdings Inc., operating in the cannabis industry, focuses on medical and adult-use cannabis production and distribution across several U.S. states. In its first quarter of 2025, the company reported a revenue increase of 1.9% year-over-year, reaching $24.5 million, aligning with expectations for its established markets. The company is also preparing to close merger transactions in the second quarter to enhance its profitability profile. Key financial metrics showed a gross profit of $12.4 million with a margin slightly declining to 50.6%, while operating income saw a significant drop of 58.5% to $2.0 million. However, adjusted EBITDA improved by 8.5% to $6.6 million, indicating better operational efficiency. Looking ahead, Goodness Growth Holdings remains focused on completing its merger transactions and navigating market conditions to optimize growth and profitability.