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Posted On: 04/27/2021 3:38:18 PM
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NetworkNewsBreaks – Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces Record 2020 Revenues of $21.9M
Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announced its results for the fourth quarter 2020 and the year-ended December 31, 2020. Among the highlights, the company reported record total revenue of $21.9 million for FY 2020, a 39% year-over-year increase compared to $15.8 million for FY 2019. “2020 was the culmination of the transition we began in 2019. We set a course for positive cash flow and achieved that goal with support from vendors, commitment of our staff, executives, and directors,” said Jeff Yapp, chief executive officer of Golden Leaf Holdings. “We achieved positive cash flow in Q3 and Q4 and positive adjusted EBITDA in Q4 and, with the inclusion of its recently announced retail acquisition, management expects that the company can financially support operations moving forward.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), operating as Chalice Brands, a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale and distribution, today announced its results for the fourth quarter 2020 and the year-ended December 31, 2020. Among the highlights, the company reported record total revenue of $21.9 million for FY 2020, a 39% year-over-year increase compared to $15.8 million for FY 2019. “2020 was the culmination of the transition we began in 2019. We set a course for positive cash flow and achieved that goal with support from vendors, commitment of our staff, executives, and directors,” said Jeff Yapp, chief executive officer of Golden Leaf Holdings. “We achieved positive cash flow in Q3 and Q4 and positive adjusted EBITDA in Q4 and, with the inclusion of its recently announced retail acquisition, management expects that the company can financially support operations moving forward.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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