Goodness Growth Records Stellar 2023 Financials

Goodness Growth Holdings (TSE:GDNS) has released an update.

Goodness Growth Holdings, a cannabis company, reported a strong financial performance for the fourth quarter and full year of 2023, with a notable 34.4% increase in Q4 revenue and a 42.7% increase in annual gross profit. The company also highlighted the success of their CREAM & Fire strategy, which led to a solid operating income of $5.4 million in Q4 and a significant year-over-year improvement. These results set the stage for an optimistic outlook for 2024, following strategic moves including the divestiture of their New York assets.

For further insights into TSE:GDNS stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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