Vibe Growth Corp. (VIBEF)

[Marillionaire]

38 mill market cap on a company doing 28 mill and projecting 40 mill in 2021, oh and its finally profitable
Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated cannabis operator, provides an operational update on preliminary unaudited fourth quarter 2020 revenues for the period ending December 31, 2020 ("Q4 2020"). All dollar amounts in this press release are in U.S. dollars.

Q4 2020 revenue is expected to exceed $6.5 million

Q4 2020 revenue anticipated to increase 61% over the year prior period

Gross margins have increased since Q3 2020

Expansion of Sacramento cultivation

Growth in the quarter was driven primarily by increased customer visits, average consumer basket sizes, and online sales. The Company expects to report positive EBITDA in Q4 2020 due to higher sales, strong gross margins, and increased eCommerce activity. Vibe expects to release its full year 2020 financial results for the year ended December 31, 2020, by mid-April.

"Despite general economic and retail disruptions from the COVID pandemic, Vibe's higher sales continue to be driven by increased market penetration, customer growth, and Vibe eCommerce sales. We are seeing continued momentum in January, which is driving Vibe's further expansion of its cultivation capacity", said Mark Waldron, CEO of Vibe.

Cultivation Expansion

Vibe is pleased to announce expansion plans for its Sacramento Cannabis Campus ("SCC") and has commenced the first phase of a four-phase expansion cycle. The expansion will provide commercial-scale cultivation automation and will increase cultivation capacity, subject to the receipt of local and state regulatory approvals.

The expansion will allow Vibe to add much needed capacity for its customer favorite Hype Cannabis Co. strains