MiniLuxe Reports Strong Q1 Growth and Capital Raise

Miniluxe Holding Corp. (TSE:MNLX) has released an update.

MiniLuxe Holding Corp. showcased a robust first quarter in 2024, with an 8% revenue increase to $5.6 million and a gross profit rise of 2% from the previous year. They reported a significant reduction in operating loss by 40% due to lowered general and administrative expenses. The company’s growth was attributed primarily to its Core Studios and successful capital raising efforts, including a second non-brokered convertible debenture offering.

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