Red White & Bloom Reports FY 2024 Revenue Increase to $80.2M, Achieves Positive EBITDA of $10.8M, Up from Negative $89M in FY 2023

Reuters

2025/07/18

Red White & Bloom Reports FY 2024 Revenue Increase to $80.2M, Achieves Positive EBITDA of $10.8M, Up from Negative $89M in FY 2023

Red White & Bloom Brands Inc. (CSE: RWB) has released its fiscal 2024 financial results, reporting a notable increase in revenues and EBITDA compared to the previous year. The company recorded revenues of $80.2 million for the fiscal year 2024, up by $10.6 million from the restated 2023 revenues of $69.6 million. EBITDA for 2024 was $10.8 million, a significant improvement from the negative adjusted EBITDA of $89.0 million in 2023, which had included $94.6 million in non-cash impairments. In the fourth quarter of 2024, the company saw revenues of $18.7 million, marking a $2.8 million increase from the restated fourth quarter of 2023 revenues of $15.9 million. However, the gross profit for the fourth quarter of 2024 decreased to $5.4 million from $10.6 million in the same quarter the previous year. Operating expenses were reduced to $9.1 million in the fourth quarter of 2024, down from $12.8 million in the fourth quarter of 2023. The company is actively working to finalize and file its 2025-Q1 filings, aiming to resolve the current cease trade order in place.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Red White & Bloom Brands Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9496608-en) on July 18, 2025, and is solely responsible for the information contained therein.

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(CSE: RWB) has released its fiscal 2024 financial results, reporting a notable increase in revenues and EBITDA compared to the previous year. The company recorded revenues of $80.2 million for the fiscal year 2024, up by $10.6 million from the restated 2023 revenues of $69.6 million. EBITDA for 2024 was $10.8 million, a significant improvement from the negative adjusted EBITDA of $89.0 million in 2023, which had included $94.6 million in non-cash impairments. In the fourth quarter of 2024, the company saw revenues of $18.7 million, marking a $2.8 million increase from the restated fourth quarter of 2023 revenues of $15.9 million. However, the gross profit for the fourth quarter of 2024 decreased to $5.4 million from $10.6 million in the same quarter the previous year. Operating expenses were reduced to $9.1 million in the fourth quarter of 2024, down from $12.8 million in the fourth quarter of 2023. 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