Welcome to our dedicated page for GOODNESS GROWTH HLDGS news (Ticker: GDNSF), a resource for investors and traders seeking the latest updates and insights on GOODNESS GROWTH HLDGS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GOODNESS GROWTH HLDGS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GOODNESS GROWTH HLDGS's position in the market.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Goodness Growth reported a 2022 revenue of $74.6 million, marking a 37.1% increase year-over-year, with Q4 revenue at $19.0 million (up 39.4% YoY). Gross profit surged to $30.9 million, reflecting a 56.1% growth with a gross margin of 41.4%. The company amended its credit facility with Green Ivy, removing the amortization schedule and extending maturity to April 2024. Additionally, Goodness Growth is pursuing a $10 million convertible loan to strengthen its balance sheet. Legal disputes with Verano Holdings continue, as Goodness Growth denies allegations of breach regarding their terminated agreement.
Goodness Growth Holdings (CSE: GDNS; OTCQX: GDNSF) announced a significant modification to its credit facility with Green Ivy, eliminating amortization and extending maturity to April 30, 2024. The amendment will involve issuing up to 15 million Subordinate Voting Shares to the lender. The company is also in advanced discussions for a new $10 million secured convertible loan with a 12% interest rate. Governance updates include the resignation of two board members and the conversion of Super Voting Shares to Subordinate Voting Shares, improving the voting structure. As of March 31, 2023, the company has $60.4 million in loans outstanding.
Goodness Growth Holdings (GDNSF) announced a rescheduling of its financial results release for Q4 and full year 2022 to March 31, 2023, post-market close. The company will conduct a conference call on April 3, 2023, at 8:30 a.m. ET to discuss these results, with dial-in options provided for interested parties. Goodness Growth is focused on enhancing customer-centric operations across its cannabis business, which includes cultivation, manufacturing, and retail. Operating in five markets with 18 dispensaries, the company is dedicated to delivering quality products and supporting local communities through various programs.
FAQ
What is the current stock price of GOODNESS GROWTH HLDGS (GDNSF)?
What is the market cap of GOODNESS GROWTH HLDGS (GDNSF)?
