Q1 next week go juju go!!!!!!
CALGARY, AB / ACCESSWIRE / December 11, 2018 / International Cannabrands Inc. (CSE: JUJU) (the "Company") is pleased to announce that La Vida Verde is exhibiting strong performance and is positioned for substantial growth into 2019. During the latest three month period of August to October 2018, LVV generated revenue well in excess of expectations and more than 15% above the prior three month period. Assuming this pace is maintained, the annualized revenue run rate is now more than US$11 million. The inclusion of LVV's results following the second closing at the beginning of January will dramatically increase the Company's revenues and operating income. "We are unbelievably excited about the revenue, distribution and product expansion gains La Vida Verde is achieving. This acquisition tracks exactly to our business strategy and we couldn't be more pleased with the performance. We should begin to increase our quarterly revenues over 10 fold going into the New Year. Most importantly, our operating income before any corporate expenses is expected to reverse from a modest negative to combined profitability," notes Steve Gormley, the Company's Chief Executive Officer. Further, LVV has several important growth initiatives to implement over the next 60 to 90 days. Firstly, with the use of funds advanced by the Company LVV has doubled its manufacturing capacity and is expected to be on full production by year end. Historically, the distribution of LVV's brands have been constrained by lack of inventory. Secondly, in January LVV will introduce four new products (SKUs). Thirdly, in March LVV is on schedule to introduce three additional Blank Brand SKU's. Management strongly believes this expansion of medicated gummies, upscale protein bars, new chocolate forms and super cookies will not only fuel tremendous growth, but will continue to bolster and differentiate LVV's La Vida Verde, Blank and Skunk Feather brands among consumers, rapidly expanding distribution within the industry. "We are extremely excited to have achieved this important milestone in this tumultuous market. LVV is a rare company that combines rapidly growing revenues, strong margins and strong brands. LVV is a shining example of the execution of our stated corporate goals to make accretive, highly valuable investments and acquisitions. Based on what we see now, we expect to continue to report enviable results," added Steve Gormley. Read more at https://stockhouse.com/news/press-releases/2018/12/11/international-cannabrand-s-la-vida-verde-exceeds-expectations#mrPw44qeptJ4ihfz.99