Origin House (fka ORHOF)

[CornellEngineer]

Origin House Announces Sequential Revenue Growth of 89% for the Third Quarter 2018

https://www.newswire.ca/news-releases/origin-house-announces-sequential-revenue-growth-of-89-for-the-third-quarter-2018-701418941.html

Record Q3 revenue of $6.6 million; growth of 89% over Q2 2018 and 790% over Q3 2017.

Marc Lustig, CEO of Origin House, commented, "Last quarter, we stated that after a substantial period of building a foundation, Origin House was at the beginning of a multi-period, sustainable acceleration in revenue growth. Year-to-date, we generated record revenue, completed four transformational acquisitions and are well-capitalized to continue growing. We expect to continue delivering strong revenue growth throughout Q4, 2019 and beyond, as RVR and 180 Smoke are integrated and as we further leverage our brand development and support platform. Our view is that the next 12 months are going to be critical in determining the winners in the cannabis space. Origin House is positioned as a premier operator in the largest and most dynamic cannabis market in the world and we believe we are just at the beginning of our growth curve. We expect this platform to become increasingly difficult to replicate and therefore increasingly valuable for our shareholders as our financial results accelerate, as well as for other operators in the cannabis space that need to be in California."

https://originhouse.com/origin-house-announces-sequential-revenue-growth-of-89-for-the-third-quarter-2018/