The Fresh Factory Reports Significant Growth in Fiscal 2023

The Fresh Factory B.C. Ltd. announced a record increase in its billed revenue for fiscal year 2023, totaling $23.7M, marking a 16.7% rise from the previous year. This growth was supported by new customer acquisitions and the expansion of existing accounts. The company also noted a peak in its quarterly revenue during Q4 at $6.5M, up 10.2% from Q4 of 2022.

Despite challenging economic conditions, The Fresh Factory maintained a positive adjusted EBITDA in the last two quarters of 2023, emphasizing its strategic operational improvements. The company has also seen a significant increase in its workforce by 9.0% to enhance support for its continued expansion.

The Fresh Factory successfully transitioned from the Canadian Securities Exchange to the TSX Venture Exchange in October 2023, which was accompanied by the initiation of a Normal Course Issuer Bid. This move reflects the company's ongoing commitment to grow and deliver value to its shareholders and customers alike.