Flower One Q1 Revenue Drops 35% YoY, Here Are The Details

Flower One Holdings Inc. (OTCQX: FLOOF) (CSE:FONE) (FSE:F11) revenue in Q1 was $8.9 million, compared to (restated) revenue of $13.8 million in Q1 2021, representing a decrease of 35%.

First Quarter Financial and Operating Highlights:

  • Gross profit was $1.53 million compared to gross profit of $12.16 million in the same quarter of 2021, representing an unfavorable decrease of 87%.

  • Gross profit before fair value adjustments was $3.9 million, compared to $8.9 million from the same period of the prior year.

  • Net loss …

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