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Good Natured Products Inc. announced the approval of amendments to its Convertible Debentures, including partial redemption, changes in interest payments, maturity extension, and potential delisting from the TSXV. The company will issue Common Shares to Debentureholders and make interest payments in cash or Common Shares. The amendments are effective from April 30, 2024, pending final TSXV approval.
Good Natured Products Inc. announced its financial results for Q4 2023, reporting revenue of $18.6 million, adjusted EBITDA of $0.1 million, and a variable gross margin of 35%. The Company experienced revenue declines compared to Q3 2023, attributed to lower third-party sales and order volatility. Despite these challenges, the Company managed costs effectively to deliver positive adjusted EBITDA for the ninth consecutive quarter. Cash used in operating activities was $2.5 million for FY2023, with an ending cash balance of $7.3 million.
