Simply Better Brands Corp. (TSE:SBBC) has released an update.
Simply Better Brands Corp. has announced an increase in 2023 annual revenue to $79.9 million, marking a 22% rise from the previous year, driven by the success of its TRUBAR brand which grew by 133%. Despite this, the company experienced an adjusted EBITDA loss of $2.7 million, largely due to the underperformance of the Purekana subsidiary. Looking ahead, the company focuses on the growth of TRUBAR and improving profitability while reducing debt.
For further insights into TSE:SBBC stock, check out TipRanks’ Stock Analysis page.
