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Last Post: 8/31/2021 11:15:17 AM - Followers: 118 - Board type: Free - Posts Today: 0





Liberty Health Sciences was launched to acquire and operate U.S. – based
companies in the medical cannabis market. Liberty is committed to delivering
high-quality, clean and safe pharmaceutical grade cannabis to patients while
optimizing returns to our shareholders.


Liberty Health Sciences Experiences a Significant Increase in Year-Over-Year Revenue and Provides Update on its Liberty 360 and Ohio Operations

Canada NewsWire

TORONTO, Dec. 7, 2018

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.

Liberty's recent quarterly revenue totalled $3.2 million and its fiscal year-to-date revenue totaled $6.5 million. This continued growth in revenue reflects the Company's improvement on returning patient count and the expanding dispensary base, as well as the strength of its partnerships with best-in-class brands such as PAX and Mary's Medicinals.

Liberty's patient count increased by 46% during the quarter ended November 30, 2018 to approximately 14,500 patients. Supporting this growth is Liberty's accelerated pace in opening dispensaries, adding three additional dispensaries over the last quarter for a total of seven dispensaries and six delivery hubs opened to date. Liberty expects to open another seven dispensaries by the end of February 2019 to a total of 14 dispensaries across Florida, including locations in Miami, Boca Raton and Gainesville, subject to the receipt of all necessary approvals from the Florida Department of Health. Under the state regulations, the Company is entitled to open up to 30 dispensaries. Accordingly, Liberty will continue to seek suitable locations in response to the state's growing patient count.

"We are happy with the progress we are making as we continue to move forward on both dispensary openings and operational capacity," said George Scorsis, CEO of Liberty Health Sciences. "Liberty remains committed to growth and operational excellence across Florida and to potential expansion opportunities in other states."

In support of the ongoing opening of its dispensary locations, Liberty expects to finish construction in phases on the planned 225,000 square feet Liberty 360 facility including the state-of-the-art processing and production space in 2019. Liberty is currently operating 20,000 square feet of cultivation space at the Liberty 360 property as well as 24,000 square feet at the original Alachua property to support the growing demand for product. The next phase, expected to be completed in early 2019, will add 80,000 square feet of cultivation space. Liberty is fully funded to complete these capital expenditures.

"Our cultivation team is doing an excellent job and we continue to get amazing yields from our operations," said Lewis Swarts, VP Operations of Liberty Health Sciences. "The automation we have introduced into our processing operations is paying dividends as we are able to keep up with the increase in demand from our growing patient base."

In addition to the expanded cultivation and processing space, the facility will also include a state-of-the-art research and development lab. With the completion of the processing plant, Liberty's extraction capacity will increase by nine times its current level.

The completion of Liberty 360 will allow Liberty to significantly increase its production capacity, expand its product line and provide scientific and technical support for Liberty's operations in other states. Liberty currently employs just under 200 people across its operations and dispensaries. With the anticipated completion of Liberty 360, the Company expects to employ a diverse workforce of up to 500 people including patient liaisons, scientists, engineers and cultivation specialists.

In Ohio, Liberty, together with their joint venture partners, the Schottenstein Group, expects to open their dispensary in Dayton, Ohio at the end of March 2019. Its processing facility will open subsequent to that in the spring of 2019, each depending on the receipt of the required regulatory approvals. The joint venture has secured a 10,000 square foot processing facility, which will be used for extraction, refining, formulation and packaging.

"Liberty is committed to bringing the same high-quality offerings to Ohio as we have in Florida," said Scorsis. "With the knowledge base gained over our last year of operation, we believe we have the team and tools to continue to succeed."


Company website https://www.libertyhealthsciences.com   




Market Cap Market Cap                           145,022,067                                    07/30/2019

Outstanding Shares                345,290,635                                    07/18/2019

Restricted                                    6,017,957                                    07/18/2019

Unrestricted                            339,272,678                                     07/18/2019

Held at DTC                                6,442,759                                      07/18/2019

Float                                        280,000,000                                      07/18/2019




#8412   Flush this turd. LHS is a trash can Stockshound 08/31/21 11:15:17 AM
#8411   wrong again waltczyk 08/22/21 02:11:04 PM
#8410   Good Bye Liberty. I had to be patient Etailer 04/26/21 11:10:22 AM
#8409   AYRWF VWAPs starting 2/23/21 nilremerlin 03/08/21 04:27:04 PM
#8408   With promising earnings call coming March 11th, it nilremerlin 03/06/21 07:49:52 PM
#8407   The price won't tumble if everyone doesn't go IanWhitfield 03/06/21 01:17:08 PM
#8406   From Facebook: "Thanks for your patience. The nilremerlin 03/05/21 06:30:38 PM
#8405   AYRWF VWAPs starting 2/23/21 nilremerlin 03/05/21 04:28:31 PM
#8404   Still in process with Etrade. nilremerlin 03/05/21 04:26:15 PM
#8403   TDAmertrade has not exchanged them yet! MIMadman 03/05/21 03:52:28 PM
#8402   still nothing showing in Fidelity account yet HennHouse BitToeThumb 03/05/21 12:25:13 PM
#8401   Anyone else still not have their AYRWF shares? HennHouse 03/05/21 10:19:26 AM
#8400   AYRWF VWAPs starting 2/23/21 nilremerlin 03/04/21 04:22:31 PM
#8399   AYRWF VWAPs starting 2/23/21 nilremerlin 03/03/21 04:21:27 PM
#8398   AYRWF VWAPs starting 2/23/21 nilremerlin 03/02/21 04:31:09 PM
#8397   AYRWF VWAPs starting 2/23/21 nilremerlin 03/01/21 04:30:39 PM
#8396   I'm shifting some of my conversion profit into nilremerlin 03/01/21 02:52:29 PM
#8395   Same to you and I will see you tikotiko 03/01/21 02:38:24 PM
#8394   I'm seriously looking adding to my High Tides MIMadman 03/01/21 08:37:20 AM
#8393   Congrats to everyone who wanted the deal, my MIMadman 03/01/21 08:26:31 AM
#8392   Congrats to you, too, tikotiko, and all here nilremerlin 02/28/21 10:49:50 PM
#8391   Congratulations to you, dwp and all here. tikotiko 02/26/21 09:45:22 PM
#8390   LHSIF: Ayr Wellness Inc has acquired all of Renee 02/26/21 07:13:50 PM
#8389   Well, there's no Mercury Retrograde happening, so it nilremerlin 02/26/21 06:40:16 PM
#8388   Sorry, I didn’t mean LHS... just have been dwp 02/26/21 06:30:40 PM
#8387   Good to know. Haven't tried to trade mine nilremerlin 02/26/21 06:20:35 PM
#8386   My shares have been tied up at the dwp 02/26/21 05:55:10 PM
#8385   Since AYR bought the Liberty shares today, a nilremerlin 02/26/21 05:49:40 PM
#8384   Liberty is Officially No More... Court Approved the dwp 02/26/21 05:18:36 PM
#8383   AYRWF VWAPs starting 2/23/21 nilremerlin 02/26/21 04:22:59 PM
#8382   LHSIF VWAPs starting 2/4/21 nilremerlin 02/26/21 04:21:25 PM
#8381   AYRWF VWAPs starting 2/23/21 nilremerlin 02/25/21 04:25:16 PM
#8380   LHSIF VWAPs starting 2/4/21 nilremerlin 02/25/21 04:23:10 PM
#8379   AYRWF VWAPs starting 2/23/21 nilremerlin 02/24/21 04:23:11 PM
#8378   LHSIF VWAPs starting 2/4/21 nilremerlin 02/24/21 04:21:13 PM
#8377   Liberty announced this am that #30 Port Charlotte dwp 02/24/21 09:50:41 AM
#8376   Press release: nilremerlin 02/23/21 05:17:20 PM
#8375   AYRWF VWAPs starting 2/23/21 nilremerlin 02/23/21 05:07:37 PM
#8374   LHSIF VWAPs starting 2/4/21 nilremerlin 02/23/21 04:24:39 PM
#8373   Yes, that is what I asked. We tikotiko 02/23/21 04:08:03 PM
#8372   The closing date depends on regulatory approval from dwp 02/23/21 03:56:05 PM
#8371   Great news! Congratulations to you too and to tikotiko 02/23/21 02:11:24 PM
#8370   Congratulations to Liberty longs...Looks like we’re all AYRHeads dwp 02/23/21 10:23:09 AM
#8369   Interesting day for pot stocks to tank WithEyesOpen 02/23/21 09:54:55 AM
#8368   LHSIF VWAPs starting 2/4/21 nilremerlin 02/22/21 04:21:31 PM
#8367   https://www.msn.com/en-us/news/technology/top-us-lawmakers-want-to-make-cannabis edzon 02/21/21 07:01:48 PM
#8366   I was trying to be positive toward another $5.95akadawson-m 02/21/21 11:33:15 AM
#8365   Yes. $5.95akadawson-m 02/21/21 11:32:08 AM
#8364   $5.95akadawson-m - These stats are for Florida only, correct? olivernoyes 02/20/21 03:30:55 PM
#8363   You need to see this file. $5.95akadawson-m 02/19/21 09:03:49 PM
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