Grey Wolf Stays Steady Amid Market Pressures

Grey Wolf Animal Health Corp (TSE:WOLF) has released an update.

Grey Wolf Animal Health Corp. maintained steady first-quarter 2024 financials with $6.0 million in revenue and a consistent gross profit of $3.1 million, despite facing market softening due to economic inflation. While veterinary clinic sales grew, revenues from buying groups remained flat, and the Pharmacy business saw a 4.5% increase. Investments in sales and marketing were made to bolster long-term growth amidst a strategic decrease in overall expenses.

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