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James salmon

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James salmon

Re: Extremist223 post# 64

Thursday, 02/11/2021 5:27:35 PM

Thursday, February 11, 2021 5:27:35 PM

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Results way above expectations;

Continued strong revenue growth and operational efficiency

2021 Second Quarter Highlights:

Positive Adjusted EBITDA1 of $3.6 million
Consolidated net revenue of $18.3 million
54% net revenue growth quarter-over-quarter
52 active retail SKUs with 9 new SKUs introduced in Q2, with presence in all 10 provinces
Completed fourth shipment of medical cannabis to Israel through its Truverra brand
Maintains a strong liquidity position, including a cash balance of $41.9 million pro forma including net proceeds of $21.5 million from the unit offering subsequent to quarter end
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