Wednesday, March 03, 2021 11:08:02 AM
Third Quarter 2020 and YTD Financial Highlights:
Core cannabis revenues of $13.5 million in Q3 represent a 220% increase compared with $4.2 million in Q3 2019. For the nine months ended September 30, 2020, core cannabis revenues totaled $30.5 million, a 168% increase compared with $11.4 million for the first nine months of 2019;
Gross profit from the core cannabis business increased 221% to $8.7 million for Q3 compared with $2.7 million for the same period in 2019. For the nine months ended September 30, 2020, gross profit from the core cannabis business totaled $19.7 million, a 159% increase from $7.6 million for the first nine months of 2019;
EBITDA for Q3 was $4.4 million compared to an EBITDA loss of $733,000 for the same period in 2019. For the nine months ended September 30, 2020, EBITDA totaled $8.6 million compared to an EBITDA loss of $1.3 million for the first nine months of 2019;
Sorry ABQQ is in the dump mode, down 25% today. The last few days were a pump and dump. Sorry you like it. It is what it is.
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