CADMF - NetworkNewsBreaks - Chemesis International Inc. (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) Announces Q1 2020 Financial Results
Chemesis International (CSE: CSI) (OTCQB: CADMF) (FRA: CWAA) on Tuesday announced its financial results for the first quarter of 2020 ended September 30, 2019. Among the highlights, Chemesis reported a 279% increase in revenue to C$4.7 million compared to the same period of the prior fiscal year, as well as a 16% increase in revenue from the most recently completed fourth quarter of the prior fiscal year. “The company continues to execute on its strategy by integrating assets, which were acquired during fiscal Q1, 2020,” Chemesis Chief Executive Officer Edgar Montero said in the news release. “Chemesis will continue to leverage the addition of dispensaries, partnerships, brands, and a team with extensive retail experience to further expand and create more efficient operations.”
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About Chemesis International Inc.
Chemesis International Inc. is a vertically integrated U.S. Multi-State operator with International operations in Puerto Rico and Colombia. The company focuses on prudent capital allocation to ensure it maintains a first mover advantage as it enters new markets and is committed to differentiate itself by deploying resources in markets with major opportunities. The company operates a portfolio of brands that cater to a wide community of cannabis consumers, with focus on quality and consistency. Chemesis has facilities in both Puerto Rico and California. The company is positioned to win additional licenses in highly competitive merit-based US states and will expand its footprint to ensure it maintains a first mover advantage. For more information, visit the company’s website at www.Chemesis.com.
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