Goodness Growth Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
March 11, 2022 at 08:07 am
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Goodness Growth Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 13.66 million compared to USD 12.4 million a year ago. Net loss was USD 12.66 million compared to USD 2.27 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.02 a year ago.
For the full year, sales was USD 54.45 million compared to USD 49.21 million a year ago. Net loss was USD 33.69 million compared to USD 22.94 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.24 a year ago.
Goodness Growth Holdings, Inc. is a multi-state cannabis company. The Company has operations in four markets in Maryland, Minnesota, New Mexico, and New York. The Company is science-focused and provides patients and adult-use customers with cannabis-based products. It cultivates and manufactures pharmaceutical-grade cannabis extracts and sells its products at both Company-owned and third-party dispensaries to qualifying patients and adult-use customers. It has developed proprietary cannabis strains, cultivation methods, carbon dioxide extraction, ethanol extraction, and other processes related to the production, refinement, and packaging of cannabis products. The Company manufactures, assembles, and packages cannabis finished goods across a range of product segments, including Inhalable, Ingestible, and Topicals. Its brands include Vireo Spectrum, Vireo Selects, 1937, LiteBud, Boundary Waters, Hi-Color, Kings and Queens, and various other flower and trim brands.
GOODNESS GROWTH HOLDINGS, INC. 
