INDXF - Indus trims Q4 revenue guidance

Indus (INDXF) updates guidance for Q4:Net revenue to be ~$9.5M-11.5M, a decline from the previously expected $14M.The revision is a result of suppressed cultivation yields from cultivation resulting from the wildfires in late summer, early fall.Company believes that disruption is temporary in nature and should not impact our expectations for either the first quarter or the balance of 2021.“The decision to update our previously expected financial results for the fourth quarter 2020 was not taken lightly but we feel that it is the prudent one to make.” added George Allen, Chairman.

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Indus trims Q4 revenue guidance