VIVO
Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF), an Ontario-based cannabis
company recognized for its premium products and services, on Thursday released
its third quarter 2019 financial and operating results. According to the
update, VIVO’s net revenue increased to $6.3 million during Q3 2019, which represents
a 19% increase relative to the same period last year. The increase reflects the
ramp-up of the company’s licensed capacity, which is expected to generate
further revenue growth in Q4 2019. “Our focus for the first half of the year
was to satisfy the needs of the evolving adult-use market, provide consistent
supply of quality products to medical patients, and execute our plans for
cannabis 2.0,” VIVO Chief Executive Officer Barry Fishman said in the news
release. “We continue to execute against our four strategic priorities and are
sharply focused on accelerating our path to profitability.”
To view the full press release, visit http://ibn.fm/9HzNW
About VIVO Cannabis(TM)
VIVO, based in Napanee, Ontario, is recognized for trusted,
premium cannabis products and services. It holds production and sales licenses
from Health Canada and operates world-class indoor cultivation facilities with
proprietary plant-growing technology at its Canna Farms facility in Hope, B.C.,
and at its Vanluven facility in Napanee, Ontario. VIVO has a collection of
premium brands targeting unique customer segments, including Beacon
Medical(TM), Fireside(TM), Canna Farms(TM) and Lumina(TM). The company is
significantly expanding its production capacity and distribution channels;
growing its domestic medical cannabis platform, including Harvest Medicine, its
patient-centric, highly scalable network of specialty medical cannabis clinics
and services; promoting production and cultivation innovation and pursuing
partnership and product development opportunities; and actively focusing on
growth in select international markets, including Germany and Australia. VIVO
has a healthy balance sheet and is well-positioned to accelerate its growth in
Canada and internationally. For more information, visit the company’s website
at www.VivoCannabis.com.
NOTE TO INVESTORS: The latest news and updates
relating to VVCIF are available in the company’s newsroom at http://ibn.fm/VVCIF
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