VVCIF - CannabisNewsBreaks - VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) Posts Q2 2019 Financial and Operating Results
VIVO Cannabis (TSX.V: VIVO) (OTCQX: VVCIF) on Wednesday announced financial and operating results for the second quarter 2019. Among other highlights, the company reported net revenue of $5.3 million in the quarter, representing a five-fold increase from the same period last year. The company’s senior management will be hosting a conference call to discuss the results today, August 29 at 10:00 AM ET. To join the call, dial 647-427-7450 or 1-888-231-8191 using the conference ID 4479716. “The progress our team has made on all four of our strategic priorities positions us well for future growth,” VIVO CEO Barry Fishman stated in the news release. “We remain focused on increasing long-term shareholder value by continuing to establish ourselves as a premium provider of cannabis products and services. Our positive momentum is expected to lead to increased revenue generation and product breadth in the second half of the year.”
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About VIVO Cannabis(TM)
VIVO, based in Napanee, Ontario, is recognized for trusted, premium cannabis products and services. It holds production and sales licenses from Health Canada and operates world-class indoor cultivation facilities with proprietary plant-growing technology at its Canna Farms facility in Hope, B.C., and at its Vanluven facility in Napanee, Ontario. VIVO has a collection of premium brands targeting unique customer segments, including Beacon Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina(TM). The Company is significantly expanding its production capacity and distribution channels; growing its domestic medical cannabis platform, including Harvest Medicine, its patient-centric, highly scalable network of specialty medical cannabis clinics and services; promoting production and cultivation innovation and pursuing partnership and product development opportunities; and actively focusing on growth in select international markets, including Germany and Australia. VIVO has a healthy balance sheet and is well-positioned to accelerate its growth in Canada and internationally. For more information, visit the company’s website at www.VivoCannabis.com.
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