Wednesday, October 8, 2025

Latest

TGOD Reports Q1 Revenue Of $7.7 Million, Net Income Of $12.5 Million

The Green Organic Dutchman (TSX: TGOD) last night reported its first quarter financial results, with revenue amounting to $7.7 million for the quarter, a decline of 17% on a quarter over quarter basis. Notably, the company reported gross revenue within the related news release rather than net basis like its peers. The company also reported a net income of $12.46 million.

TGOD's Logo

Revenue for the quarter was largely comprised of cannabis products in Canada, which amounted to $6.67 million for the three month period. Also included in the sales figures is hemp sales of $2.31 million. Cannabis sales were down 22% on a quarter over quarter basis while hemp sales were down just 2.5%.

With net revenues of just $7.7 million, the company reported a cost of sales of $6.4 million, resulting in a gross profit before biological adjustments of $1.3 million. Operating expenses meanwhile amounted to $9.0 million for the quarter, the largest expense of which is general and administrative, which came in at $4.5 million. The company posted an operating loss of $5.9 million as a result.

However, the company managed to post a positive net income for the quarter as a result of a $21.8 million reversal of impairment related to its Quebec facility now classified as being held for sale. The company as a result managed to post a net income of $12.5 million.

Looking to the balance sheet, the company reported a cash position of $16.5 million, and improvement from the $11.2 million figure reported in the prior quarter. Current assets jumped from $44.4 million to $91.6 million, much of which is attributable to assets held for sale climbing from nil to $43.2 million.

Current liabilities meanwhile fell from $66.4 million to $59.5 million, with the company seeing its accounts payable fall from $24.5 million to $16.1 million, while current portion of loans grew to $42.3 million.

TGOD last traded at $0.345 on the TSX.


Information for this briefing was found via Sedar and The Green Organic Dutchman. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

TGOD Posts Revenues of $3.13 Million, Net Loss of $144.75 Million For Fourth Quarter

The Green Organic Dutchman (TSX: TGOD) reported its fiscal fourth quarter and full year 2019...

Tuesday, March 10, 2020, 06:00:52 PM

Green Organic Dutchman: Not So Low Cost After All

The Green Organic Dutchman (TSX: TGOD, TGOD.WT) released it’s third quarter financials yesterday. Within these...

Wednesday, November 14, 2018, 01:00:56 PM

The Green Organic Dutchman To Raise $11.0 Million At $0.24 Per Unit

Evidently, demand for The Green Organic Dutchman (TSX: TGOD) remains, with the company announcing this...

Monday, September 28, 2020, 09:30:48 AM

Public Cannabis Companies Have Already Received More Than $25 Million in Federal Wage Subsidies

In response to the spread of COVID-19, the Canadian Federal Government introduced several programs to...

Saturday, November 14, 2020, 10:00:00 AM

The Green Organic Dutchman Launches Organic Value Brand

The Green Organic Dutchman (TSX: TGOD) has given up on the premium market, but not...

Tuesday, May 26, 2020, 09:29:54 AM