We are in the season of Q1 reports. Never have they been so hotly anticipated than in the cannabis industry. Today, Sunniva Inc (CSE:SNN) (OTCQB:SNNVF) announced its Q1 report but it has sent shares on a decline.
Sunniva Inc Q1 ReportsThe vertically-integrated cannabis company operates, through its subsidiaries, in the leading cannabis market of California and, until recently, Canada.
The report showed Q1 revenue of $14.2 million. This is a 175% increase from last year’s revenue of $5.2 million. Further, the company isn’t losing as much money as it was:
“Net ...
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