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INLB - Item 9 Labs posts 30% Y/Y increase in January units sold
Item 9 Labs Corp
Cannabis franchisor and operator, Item 9 Labs ( OTCQX:INLB ), said its brand Item 9 Labs reported a 30% Y/Y increase in the units sold in January.
"The combination of higher yields at our cultivation facility in Coolidge, and a reduction in the cost of outsourced materials is expected to result in higher gross profit margins as we work to decrease our cost of goods sold while driving volumes of our most popular products," COO Chris Wolven said.