NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: V
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Posted On: 08/30/2018 5:28:00 PM
NetworkNewsBreaks – VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) Announces Release of Q2 2018 Fiscal Results
VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) this morning announced the release of its financial statements for the second quarter of 2018. Among the highlights, the company reported revenues of $1.1 million for the three-month period, marking an approximate four-fold year-over-year increase. VIVO also looked to the future with a business update, making note of its recently announced agreement to acquire premium cannabis company Canna Farms Limited, among other milestones. “Since our last business update following the release of our Q1 2018 financial statements, we have continued to enhance our leadership team, and announced the introduction of three new brands… as well as the re-branding of the Company under the VIVO umbrella,” Barry Fishman, CEO of VIVO, stated in the news release. “Most significantly, we announced the planned acquisition of Canna Farms, a successful BC based Licensed Producer with a long track record of sales growth and profitability. The acquisition is expected to close shortly, following which, utilizing the over $100 million in cash we will have following the closing, VIVO will be well-positioned to accelerate the growth of our business, in Canada and internationally.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQB: VVCIF) this morning announced the release of its financial statements for the second quarter of 2018. Among the highlights, the company reported revenues of $1.1 million for the three-month period, marking an approximate four-fold year-over-year increase. VIVO also looked to the future with a business update, making note of its recently announced agreement to acquire premium cannabis company Canna Farms Limited, among other milestones. “Since our last business update following the release of our Q1 2018 financial statements, we have continued to enhance our leadership team, and announced the introduction of three new brands… as well as the re-branding of the Company under the VIVO umbrella,” Barry Fishman, CEO of VIVO, stated in the news release. “Most significantly, we announced the planned acquisition of Canna Farms, a successful BC based Licensed Producer with a long track record of sales growth and profitability. The acquisition is expected to close shortly, following which, utilizing the over $100 million in cash we will have following the closing, VIVO will be well-positioned to accelerate the growth of our business, in Canada and internationally.”
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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