Fresh Factory B.C. Ltd. (TSE:FRSH) has released an update.
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The Fresh Factory B.C. Ltd. announced a record high quarterly revenue of $8.4M and has achieved positive EBITDA for the first time in Q1 2024, marking significant financial growth with a 52.7% increase in revenue and a 178.9% rise in adjusted EBITDA compared to the same quarter last year. The firm’s strategic focus on fresh, clean-label, better-for-you food and beverage products is demonstrating tangible results, including successful food-safety audits and a buyback of its shares. The company highlights its commitment to sustainable practices as it continues to navigate its growth trajectory.
For further insights into TSE:FRSH stock, check out TipRanks’ Stock Analysis page.