VIVO Cannabis Inc. V.PDA

Looks like Higher revenues coming to a Vivo near you :)

[1hot-techwoman]

VIVO Cannabis Provides Adult-Use Product Update Monday, June 29, 2020, 7:00 AM ET Canna Farms captures 68% of extracts market share with Ontario retailers Initial shipment of Fireside X shatter sold out in BC in first week of sales NAPANEE, ON, June 29, 2020 /CNW/ - VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIF) ("VIVO" or the "Company"), a leading provider of premium cannabis products and services and holder of licenses under the Cannabis Act through its wholly-owned subsidiaries, Canna Farms Limited ("Canna Farms"), ABcann Medicinals Inc. ("ABcann") and Harvest Medicine Inc. ("Harvest Medicine"), is pleased to provide an update on its adult-use cannabis products. Cannabis Concentrates VIVO recently made initial shipments of its Fireside X shatter product to several provincial wholesalers. Fireside X shatter represents the second significant concentrates product format launched by VIVO and is expected to make a significant contribution to the Company's revenue. VIVO is the first licensed producer to sell shatter in the Canadian adult-use market. This launch is aligned with the commissioning of VIVO's ethanol extraction suite at its Napanee, Ontario facility (NCC). VIVO expects to use high-quality cannabis grown in its Kimmetts airhouses as low production cost input for concentrate products. "I am pleased to announce that our early shatter sales have exceeded our expectations. We have shipped to the Alberta and Ontario markets, as well as to British Columbia where the provincial wholesaler sold its entire inventory within the first week," said Gary McMullen, President of NCC. "Being first-to-market has been a strong focus for us." It is expected that NCC will be adding several other provinces and formats to its concentrate distribution portfolio in the coming months.