Wednesday, October 21, 2020 9:59:06 AM
Flowr Corp: Up 731%
Revenue growth should also pick up notably for British Columbia-focused specialty grower Flowr (OTC:FLWPF), with sales advancing from a little less than $10 million in 2019 to roughly $80 million this year. This increase has a lot to do with Flowr's Kelowna campus ramping up production, and Flowr also holding back some of its dried flower production to focus on high-margin derivatives.
What'll be particularly interesting to watch with Flowr is that it's predominantly growing premium and ultra-premium quality weed. Upper echelon-quality cannabis shouldn't face the same pricing pressures as average and discount-quality marijuana, which I anticipate will lead to rapid sales and margin expansion.
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