Fire & Flower Reduces Net Loss By 19.49% To $49.81M In 2021

Fire & Flower Holdings Corp. (OTC: FFLWF) (OTCQX: FFLWD) (TSX:FAF) released its financial and operational results for the fiscal year and fourth quarter ended January 29, 2022.

2021 & Q4 Financial and Operational Highlights

  • Revenue of CA$42.7 million and CA$175.5 million ($137.49 million) for the fourth quarter and fiscal year ended January 29, 2022, representing decrease of 1% for the comparable quarter and a 37% increase year-over-year.

  • Gross profit of CA$13.7 million and CA$62.1 million for the fourth quarter and fiscal year ended January 29, represented a decrease of 17% for the comparable quarter and a 37% increase year-over-year.

  • Adjusted EBITDA of negative CA$2.4 million for the fourth quarter and positive CA$5.1 million for the fiscal year ended January 29, 2022.

  • Net loss of CA$19.5 million for the quarter and CA$63.6 million for the fiscal year ended January 29, 2022, compared to a net loss of CA$11.4 million for the comparable quarter and CA$79.0 million for the fiscal year ended January 30, 2021.

  • An increase of 32 stores during the fiscal year, with 105 stores open and operating at the fiscal year end.

  • Alimentation …

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