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VIVO Cannabis Inc. V.PDA


Primary Symbol: VVCIF

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company's operating segment includes Cannabis, Patient Clinics, and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical locations - Canada, Germany, and Australia.


OTCQB:VVCIF - Post by User

Bullboard Posts
Post by 1hot-techwomanon Apr 30, 2019 8:01am
240 Views
Post# 29687362

Impressive Q4 !! Plus they hold 4% of CDN Market !!

Impressive Q4 !! Plus they hold 4% of CDN Market !! 2018 and Subsequent Highlights: Sales: 2018 net revenue of $9.7 million, compared to $0.9 million in 2017, and 2018 pro-forma net revenue of $17.3 million EBITDA: 2018 adjusted EBITDA of ($17.7) million, compared to ($11.1) million in 2017 Cash: 2018 year-end cash and short-term investments (excluding equity investments) of $74.8 million M&A: Completed accretive strategic acquisitions of Canna Farms, an award-winning brand and licensed producer, and Harvest Medicine, an innovative, patient-centric medical clinic operator Patients: 18,000 active medical cannabis patients registered with Canna Farms and Beacon Medical at the end of 2018 Clinics: Harvest Medicine acquired Trauma Healing Centers and introduced the HMED Connect platform. The overall network currently services more than 27,000 active medical cannabis patients Awards: In April 2019, Canna Farms won the O'Cannabiz People's Choice Award for Best LP Customer Service Partnerships: Entered strategic partnerships with six provincial/territory cannabis distributors and leading Canadian cannabis retailers, Choom Holdings, National Access Cannabis Corp. and Westleaf Cannabis Inc. Research: Initiated an innovative product development agreement with Pharmascience, a global pharmaceutical company based in Montral, Quebec, to create novel precise-dosage formats for medical patients Capacity: Received Health Canada approval for expansion of facilities in Hope, BC, and Napanee, ON, doubling current internal cultivation capacity to more than 8,000 kilograms. Total annualized capacity is targeted to exceed 15,000 kilograms by early 2020 Share: Based on data supplied by Health Canada for Q4 2018, the Company estimates that it supplied approximately 4% of the overall net value of the Canadian medical and adult-use dried cannabis market
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