Choom Discloses Achieves Positive Adjusted EBITDA
Its gross margin was roughly 36%, compared to 33% in the fourth quarter of fiscal 2020.
Choom's quarterly salary and wages reached $1.1 million accounting for 18.24% of revenue, which compares to $0.8 million or about 20% of revenue in the previous quarter.
- It achieved a positive adjusted EBITDA of $35,000.
- Following a new store growth strategy, Choom plans to open a new retail location in Yaletown, Vancouver for January 2021; re-opened the Westlock store location; and re-opened Camrose 48th.
Red White & Bloom Brands Reports Adjusted EBITDA Loss
Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) generated revenues of CA$6.09 million in the third quarter ended Sept. 30.
- The company also noted that its unaudited pro forma revenue, which counts its pending acquisition of PharmaCo and finalized purchase of Platinum Vape, and takes the acquisitions had happened …