Merida Merger Corp. I reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 9.05 million compared to USD 11.25 million a year ago.

Net loss was USD 2.39 million compared to USD 5.4 million a year ago. Basic loss per share from continuing operations was USD 1.09 compared to USD 2.79 a year ago. Diluted loss per share from continuing operations was USD 1.09 compared to USD 2.79 a year ago.