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Global Gardens fiscal Q1 loss narrows YOY

Global Gardens Group Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was a loss of C$75,660, compared with a loss of C$171,760 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of C$121,060, or a loss of 1 cents per share, compared to a loss of C$274,820, or a loss of 2 cents per share, in the prior-year period.