GREY:IVITF - Post by User
Post by
frankmanon Jan 07, 2020 10:02am
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Post# 30525516
Revenues have increased 223% (on the right path)
Revenues have increased 223% (on the right path)Increase in revenue by 223% is primarily due to an increase in sales of dried cannabis to provincial liquor and cannabis boards as the Company continues to increase sales volume to the Ontario Cannabis Store, the online retail brand of the Ontario Cannabis Retail Corporation since February 1, 2019, compared to the same period in the prior year when legalization came into effect as of October 17, 2018. The Company anticipates further growth in cannabis revenue upon completion and licensing of Acreage Pharms’ Phase III cultivation facility and the sale of oil products.
Revenues October 31, 2019 $3,386,646
Revenues October 31, 2018 $1,048,864