# Verde achieves C$9.4 million revenue and increases cash position by 82% in the third quarter of 2023 | Financial Post

> Verde AgriTech reported Q3 2023 revenue of C$9.4 million, down from C$27.3 million a year earlier, while cash held rose to $9.3 million. Sales of its multinutrient potassium product fell to 108,000 tons from 189,000 tons. The company cited Brazilian central bank rate cuts and stabilizing crop prices as signs of recovery.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33508-verde-achieves-c-9-4-million-revenue-and-increases-cash-position-by-82-in-the
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Lower farmer working capital and weak Brazilian potassium demand reflect a tight agricultural input market, though expected rate cuts could support a demand recovery.

## Sources

- financialpost.com: https://financialpost.com/globe-newswire/verde-achieves-c9-4-million-revenue-and-increases-cash-position-by-82-in-the-third-quarter-of-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.