RE:RE:We are Professionals not Cowboys says Barry Fishman at AGM !1hot-techwoman wrote: srtman03 wrote: Guess will see......
https://www.vivocannabis.com/press-releases/vivo-cannabis-to-host-conference-call-for-fourth-quarter-2019-results
VIVO's net revenue increased to $6.3 million during Q3 2019, a 19% increase relative to Q2 2019, reflecting the ramp-up of the Company's increased licenced capacity which is expected to result in further revenue growth in Q4 2019
Looks like some decent revenue growth for Q4 !!!
Management Commentary
"During the fourth quarter of 2019, VIVO continued to execute on our strategy, recording revenue growth, sustaining top-tier prices for our premium products, and executing a successful launch of Cannabis 2.0 products," said Barry Fishman , CEO of VIVO. "We have maintained a disciplined and fiscally prudent approach, including taking key actions to navigate through the current COVID-19 pandemic. Going forward, we see several positive catalysts which are expected to deliver profitable growth, including production expansion, distribution channel development, entry into high-growth international markets, and the development and launch of innovative products and services. We are also pleased to be experiencing increased sales in Q1 2020, supported by our medical and Cannabis 2.0 products."
Financial Summary
The Company's gross revenue was $9.5 million for Q4 2019 and $31.8 million for 2019. Net revenue was $6.6 million for Q4 2019, a 5% increase over the previous quarter. Fourth quarter results were positive but were impacted by a considerable allocation of resources to the launch of VIVO's portfolio of Cannabis 2.0 products.