Replies to post #2624 on Avenir Wellness Solutions Inc (AVRW)

[BlazingStocks]

Great interview. Let's see Q2 Financials and maybe even some updates now that the name change is complete.

$AVRW

[ProfitScout]

Per the new interview with AVRW CEO Nancy Duitch, the company is on track for accelerated sales growth in the second half of 2023 ...
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Corporate Ads: You just issued a press release on July 31st covering recent developments including the Company’s First Quarter 2023 Results with strong sequential and year over year revenue increases and continued high gross margins. Can you expand on this latest report?

Nancy Duitch: Avenir Wellness AVRW recently engaged Urish Popeck & Co., LLC as our new independent registered public accounting firm. Urish Popeck has a very respected reputation in the accounting field. Because of their work, Avenir Wellness AVRW has now been brought fully up to date on all our SEC reporting so that investors can clearly review all the details of our business and progress in our posted filings. We are very pleased with our results and sales growth in the first quarter of 2023 and our product margin expansion initiatives continue to deliver results. We are moving forward with our efforts to reduce SG&A expenses, continue to increase our gross margins and to maximize operating leverage. Net revenue in Q1 increased 15.1% year-over-year and 35.6% sequentially from Q4 2022 to $1.2 million with further increases expected in the second half of the year. Overall, we are on track for a positive sales year in 2023 on accelerating sales growth.

Exclusive Interview with Nancy Duitch, CEO of Avenir Wellness Solutions, Inc. (Stock Symbol: $AVRW)
https://www.einpresswire.com/article/648860349/exclusive-interview-with-nancy-duitch-ceo-of-avenir-wellness-solutions-inc-stock-symbol-avrw