GFI Full Year Results to 31 March 2022

Mon, 30 May 2022

Greenfern Industries Limited (GFI) has reported unaudited results for the year ending 31 March 2022, with net loss attributable to shareholders of $1.95 million, unaudited net tangible assets per quoted equity security of $0.04241461, and unaudited net assets of NZ$3.63 million.

The company has made progress in its five months of being listed, signing a Master Services Agreement with an Australian company, becoming New Zealand's first certified medicinal cannabis B-Corp Company, and commencing the writing of clinical trial protocols in pursuit of the Australian over-the-counter low dose CBD market.

GFI Chief Financial Officer Hao Long said, “The compliance listing in October 2021 was a significant milestone for the company and has provided the platform to continue our future expansion.”