News
Challenging times for Montreal’s The Good Shroom
Published on January 10, 2025 by Pat Bulmer

The Good Shroom Co., a newer entry in the cannabis market out of Montreal, has had a difficult quarter financially, but is expressing confidence.
“The company faced a challenging quarter, with quarterly results reflecting several key factors that impacted performance,” stated a news release accompanying the company’s latest financial numbers.
“Even at reduced revenue levels, the company is operating close to break even. This demonstrates that significant setbacks, like those experienced this quarter, are not deeply pernicious for the company and underscore its resilience and ability to weather challenges.”
The company reported a net loss for the quarter at $55,398, but says it has no long-term debt.
Products being returned in Quebec and Alberta hurt the bottom line.
In Quebec, “the recent ‘rationalization’ of offerings by the cannabis board … affected the entire market … As a result of this rationalization, TGSC received a return of $29,622 plus associated fees and lost sales opportunities during late Q4, Q1 and early Q2,” the company said.
“In addition, the company experienced a return of traditional cannabis products from the province of Alberta … The value of this return was $35,913.
“The company plans to redirect these products to the medical cannabis market and other sales channels.
“While the challenges of late Q4, Q1 and early Q2 have impacted short-term results, the company is confident in its ability to navigate these obstacles and emerge stronger,” the release concluded.
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