Toronto-based Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTCQB: TRUFF) posted another seven-figure loss for its latest quarter, which ended New Year’s Eve, despite increasing revenue by almost 10%.
The company reported this week that it lost C$1.2 million in its third quarter, bringing its losses for the 2024 fiscal year so far to C$4.2 million.
Third-quarter revenue for the mushroom company – which include psilocybin products – was on par with the quarter’s losses, at C$1.2 million, up 9.9% year-over-year for the quarter from C$1.1 million in the same period for 2022, making the most recent three months “our best quarter ever for sales,” CEO Todd Shapiro said in a press release.
For the fiscal year to date, revenue was C$3.4 million for the fiscal year to date.
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https://www.greenmarketreport.com/red-light-holland-loses-c1-2-million-in-latest-quarter/
