Fire & Flower Revenue Rises 147% in 4Q; Shares Pop 8%
Stephanie Bedard-Chateauneuf- April 27, 2021, 11:19 AM EDT SHARE ON:
Fire & Flower Holdings shares jumped 8% in early trading on Tuesday after the cannabis retailer reported strong fourth-quarter and full-year 2020 results.
Fire & Flower Holdings’ (
FAF) revenue came in at C$43.2 million for 4Q 2020, compared to C$16.8 million for 4Q 2019. The company said this was the second consecutive quarter of positive adjusted EBITDA of C$1.5 million compared to C$1.2 million of positive adjusted EBITDA in the third quarter of 2020. Net loss for the quarter was C$11.4 million, 49% lower than the net loss of C$22 million last year.