GREY:ORVRF - Post by User
Post by
maysilverstoneon Jun 02, 2021 4:04pm
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Post# 33312663
$ORCD Q3 Financial Results
$ORCD Q3 Financial Results $ORCD recently announced financial results for the period ended March 31, 2021:
- Rev increased 110% in the first 3 quarters of FY 2021 vs the same 9-month period in 2020
- Profits increased 321% in first 3 quarters of FY 2021 vs the same 9-month period in 2020
- Operating expenses were decreased by 42% Fiscal 2021 YTD versus the same period in FY2020
- 77% decrease in net loss from $(4,410,753) in the same 9-months in 2020 to $(994,357) in the first 3 Quarters of FY 2021
Solid results for $ORCD, currently at $0.29, undervalued IMO with a mc of only $13.13M.
Orchid Ventures is a Cali-based cannabis company with THC and CBD products across California and Oregon. In these states, cannabis vape products have become increasingly popular as sales grew by 20% (US$1.5B in 2019 to US$1.8B in 2020).
Focused on international expansion, $ORCD plans to target Latin America next as vape consumption there is very prominent and the cannabis consumption per capita is high.