This Cannabis Company Increased Revenue by 1000%
June 17 2019 - 7:00AM
InvestorsHub NewsWire
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.
To learn more
about this opportunity, visit www.gsrxinfo.com.
Disclosure:
A third party
affiliate GSRX shareholder and investor, who has no prior
relationship with Investorshub
or www.Investorshub.advfn.com 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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