Inner Spirit Holdings Ltd. INSHF

Q4

[StSebastian]

nice growth in Q4... and nice growth in 2019 w/ opening a new Spiritleaf retail cannabis store approximately every 10 days on average.  Can't wait to see how it looks with 2.0 products and watchit out of the way in Q1 :) 

Inner Spirit reported the following financial highlights for the quarter ended December 31, 2019:

System-wide retail sales⁽¹⁾ was $13,857,808, an increase of 53% from $9,035,163 in the third quarter of 2019 and an increase of 1,339% from $963,243 in the fourth quarter of 2018

Total revenue from continuing operations was $3,805,074, an increase of 24% from $3,066,668 in the third quarter of 2019⁽²⁾ and an increase of 1,598% from $224,065 in the fourth quarter of 2018⁽²⁾. The growth in total revenue is attributable to the operation of 43 Spiritleaf-branded retail cannabis stores during the fourth quarter of 2019 while in the same quarter of 2018 the Company was still in the process of opening its first stores.