TGSC REPORTS ITS YEAR END FINANCIAL RESULTS
MONTREAL – The Good Shroom Co Inc. (TSXV: MUSH), an emerging player in the Canadian cannabis industry which owns and operates a portfolio of brands that include cannabis products and wellness beverages, announces its financial results for the year ended July 31, 2023. Readers should review the financial statements and the accompanying Management’s Discussion and Analysis available at www.sedar.com. FINANCIAL HIGHLIGHTS The Company achieved robust revenue growth with sales of $4,060,359, a 266% increase from the prior year of $1,522,134. A gross profit $665,115 was recorded, a significant increase from the prior year of $228,638. The net loss of $452,140 is mainly attributed to the accumulated losses of Q1/Q2 2023. 97% of revenue was generated through cannabis products, as most of it’s resources have been geared towards this division and sales for wellness beverages of $184,674 remained flat compared to $192,307 for 2022. Profitability achieved in Q3-2023, continue...