Medreleaf Corp. (fka MEDFF)

[NYOptionsGuy]

MedReleaf Reports Third Quarter Fiscal 2018 Results


SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/02/13/MedReleaf-Reports-Third-Quarter-Fiscal-2018-Results

MARKHAM, ON, Feb. 13, 2018 /CNW/ - MedReleaf Corp. (TSX:LEAF)(OTC:MEDFF) ("MedReleaf" or the "Company"), Canada's first and only ISO 9001 and ICH-GMP certified cannabis producer, today announced financial and operating results for the third quarter fiscal 2018 ending December 31, 2017. All amounts expressed are in Canadian dollars unless otherwise noted.



"In the third quarter, we set new records for total sales and grams sold demonstrating the strength of our underlying business while we continue to make investments in preparation for the recreational market and for international expansion," said Neil Closner, CEO of MedReleaf. "These investments are starting to bear fruit and we now have boots on the ground in six different countries working on various initiatives – both for cultivation and export. We also launched our first adult recreational-use brand, San Rafael '71, which is getting good reception from the various Provincial purchase authorities. With a strong balance sheet bolstered by $192.5 million in equity capital raised since last December, we have a clear opportunity to establish MedReleaf as a global leader in the cannabis industry."

REST OF RELEASE: https://www.dailymarijuanaobserver.com/single-post/2018/02/13/MedReleaf-Reports-Third-Quarter-Fiscal-2018-Results