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KADESTONE CAPITAL CORP. REPORTS Q4 AND FULL YEAR 2023 FINANCIAL RESULTS
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VANCOUVER, BC, April 26, 2024 /CNW/ - Kadestone Capital Corp. ("Kadestone" or the "Company") (TSXV:KDSX) (OTCB: KDCCF), a vertically integrated property company today announced its financial results for the year ended December 31, 2023.
Highlights for the year:
Cash and cash equivalents of $4,331,129 at December 31, 2023
Investments of $12,664,220 in Chilliwack and $10,201,905 in Squamish partnerships
Amendment and restatement of existing $10,000,000 term loan by way of a new $10,973,540 term loan
"We are very pleased with our 2023 fiscal year of operations and are excited about identifying opportunities and securing additional investments in 2024." said Brent Billey, the Company's CEO.
Financial Results
The Company recorded a net loss for the year ended December 31, 2023, of $1,704,148 or $0.04 per share compared to a net loss of $4,557,948 or $0.10 per share for the same period in the prior year. The loss was primarily due to expenses incurred for the ongoing operations of ...