04:45 PM EST, 11/29/2024 (MT Newswires) -- Red White & Bloom Brands (RWB.CN) after trade Friday said its third-quarter loss from continuing operations narrowed on higher revenue.

The company said it lost $1.84 million, or nil per share, in the period, compared with a loss of $4.77 million, or $0.01, in the year-prior quarter.

Revenue for the quarter ended Sept. 30 was $21.7 million, up $20.1 million in the year-ago quarter.

During the quarter, the company made progress in building five new medical dispensaries in Florida. The company also formed a key partnership that boosted its distribution network in California. In Canada, Emblem expanded its reach by adding Prince Edward Island and New Brunswick, President Colby De Zen said, adding that "To support this growth, investments in offtake agreements, cultivation, and production operations across the United States and Canada remain on track to mitigate supply chain risks in fiscal 2025".