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good natured Products (TSXV:GDNP) reports Q1 results

Consumer, Sponsored, The Watchlist
TSXV:GDNP
02 June 2022 12:15 (EDT)

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good natured Products (GDNP) announced its financial results for the three months ended March 31, 2022.

The company reported its second consecutive quarter of positive adjusted EBITDA.

Revenue in Q1 2022 grew on a year-over-year basis by 228 per cent to a record high of $25.9 million. These results were driven by recent strategic acquisitions and strong organic growth.

CEO Paul Antoniadis sat down with Coreena Robertson to discuss the results.

“Our Q1 2022 growth in revenue and adjusted EBITDA is the result of our collective team across North America working together to achieve an incredible outcome in very challenging macro economic operating conditions. I want to sincerely thank our team members and partners for their passionate commitment to our customers. This commitment will serve us well to capitalize on the robust demand for environmentally friendly products and the growing trend of re-shoring supply chains to North America.”

good natured Products is focused on becoming North America’s leading earth-friendly plant-based products company.

good natured Products Inc. (GDNP) opened trading at C$0.42 per share.

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