VVCIF - VIVO Cannabis(TM) Reports Q2 2019 Financial and Operating Results

This Post Was Syndicated Under License Via QuoteMedia

Canada NewsWire

NAPANEE, ON, Aug. 28, 2019

Net revenue was $5.3 million in the quarter, a five-fold increase over the same quarter last year.Cultivation license was granted in the third quarter of 2019 for four new seasonal greenhouses in Napanee Ontario, increasing VIVO’s annualized cultivation capacity by 4,000 kilograms and contributing to its innovative low-cost capacity plan to supply a broad line of products, including cannabis infused edibles, topicals and beverages.Current licensed internal cultivation capacity now totals 12,000 kilograms and agreements are in ...