Zenabis stock is gaining today despite Zenabis Global (TSX:ZENA) (OTCPK:ZBISF) reporting dismal third-quarter results that saw revenue more than halve to $12 million CAD.
Financial ResultsZenabis Global reported cannabis sales of $7.1 million CAD, which is only marginally down from the figure of $7.3 million CAD in the previous quarter. However, sales in the propagation segment fell drastically from $17.4 million CAD to just $4.5 million CAD, with the company blaming growing cycles at its greenhouses, seasonality, and the timing of customers’ orders for this sharp drop off. Despite the almost $13 million CAD drop ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.