MONTREAL, June 25, 2024 /CNW/ - The Good Shroom Co Inc. (the "Company" or "MUSH") (TSXV:MUSH), an emerging player in the Canadian cannabis industry which owns and operates a portfolio of brands that include cannabis products and wellness beverages, announces its financial results for the quarter ended April 30, 2024. Readers are encouraged to review the financial statements and the accompanying Management's Discussion and Analysis available at www.sedar.com. FINANCIAL HIGHLIGHTS The Company achieved Q3 gross revenue of $1,135,991 with trailing 9 months gross revenue of $3,773,050. A gross profit of $264,105 was recorded for the quarter, with trailing 9 months gross profit of $1,080,407. Notably, the Company achieved a net quarterly profit of $30,840, marking a fifth consecutive quarter of profitability. Cannabis products accounted for 96% of revenue, underscoring the Company's strategic focus on this segment, with wellness beverage sales of $61,665. The Company will begin re-focusing its efforts on its wellness beverage line as it now has the capacity to do so. As of April 30, 2024, the Company maintained satisfactory working capital of $658,129 and carried no long-term debt obligations. Importantly, the Company has no outstanding excise taxes owed, demonstrating its commitment to fiscal responsibility. Growth Strategy The Company's approach in Quebec ...