This Cannabis Company Increased Revenue by 1000%

Date : 06/17/2019 @ 12:00PM
Source :InvestorsHub NewsWire
Stock : GSRX Industries Inc. (GSRX)
Quote : 0.75  0.0 (0.00%) @ 2:47PM

This Cannabis Company Increased Revenue by 1000%

This Cannabis Company Increased Revenue by 1000%

June 17, 2019 -- InvestorsHub NewsWire -- Led by a retail industry veteran, the former Chairman of Macy's Midwest, this cannabis company has hit the ground running, opening dispensaries across Puerto Rico and California, as well as launching a chain of CBD stores and kiosks, all in its first year of operations.

Revenue for Q1 2019 was up more than 1,000% over the first quarter of 2018 and up an impressive 73% from the December 2018 quarter, topping $2.8 million.

Sales from this company's six dispensaries have been stronger than projected in the second quarter, and the company is expected to report another quarter of record results.

Average daily sales for the first weeks of current the quarter were 27% higher than the comparable average daily sales in the first quarter. If management hits its revenue guidance of $3.3 million - $3.5 million for the second quarter ending in June, it will top a $13 million annual revenue run rate.

Additional JV partnerships could further boost sales as the cannabis trend gains even more momentum in the second half of 2019.

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Disclosure: A third party affiliate GSRX shareholder and investor, who has no prior relationship with Investorshub or has paid a $20,000 fixed fee, that is in no way contingent upon positive opinions or conclusions, for the creation and dissemination of this report and promotion.  That shareholder and investor, Race Holdings, LLC (sole general member, Keith Jensen) has engaged and will engage in the buying and selling of GSRX securities before, during and after its dissemination. 


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