NetworkNewsBreaks – Cannabis Strategic Ventures,
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Posted On: 11/25/2019 4:40:56 PM
NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (OTCQB: NUGS) Announces Q2 Results, Revenue Growth of 1,317% to Over $700K
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced financial results for its second quarter, which ended Sept. 30, 2019. Among the highlights, the company reported consolidated quarterly revenue growth of 1,317% to $707K compared to the same period last year, as well as cash and cash equivalents up 205% over the past six-month period to $228K. “Q2 ushered in a new standard across all top-line metrics and we expect to continue expanding on this growth through Q3 and beyond,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “Over the last two years, we have secured and invested capital to help drive revenue and substantially increase the Company’s total assets while improving gross profit margins. We expect continued growth to the top-line along with a declining drop in net losses next year.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced financial results for its second quarter, which ended Sept. 30, 2019. Among the highlights, the company reported consolidated quarterly revenue growth of 1,317% to $707K compared to the same period last year, as well as cash and cash equivalents up 205% over the past six-month period to $228K. “Q2 ushered in a new standard across all top-line metrics and we expect to continue expanding on this growth through Q3 and beyond,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “Over the last two years, we have secured and invested capital to help drive revenue and substantially increase the Company’s total assets while improving gross profit margins. We expect continued growth to the top-line along with a declining drop in net losses next year.”
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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