RE:2nd Quarter The recent cultivation purchase ($8.4 million) is suppose to provide a 12 month return of capital. So $8.4 million in gross profit added to existing $10 gross profit is 84% growth.
TheProphetElijah wrote: Nice results as usual, no reason this shouldn't be 100M+ mkt cap, with or without fed legalization.
"We are delighted to report another strong quarter and anticipate significantly more record Vibe high-THC cultivation output coming through our stores," stated Vibe CEO, Mark Waldron. "Our strong cash position has given us the ability to significantly ramp our revenues and margins with our California cultivation and retail expansion strategy. Closing on a 10 acre F40 zoned agricultural land parcel in Monterey, California in August, and the addition of our Sacramento indoor cultivation capacity - which is currently well underway - plus the opening of two new dispensaries in Ukiah and Salinas within the next eight weeks, puts Vibe in a terrific competitive position."