OTCQB:VVCIF - Post by User
Comment by
1hot-techwomanon Sep 15, 2021 7:08am
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Post# 33860368
RE:Ill be waiting at least for Q3 as per the CEO's comment :)
RE:Ill be waiting at least for Q3 as per the CEO's comment :)Management Commentary
"At the start of the third quarter of 2021, significant changes were made to the Board which subsequently has approved management's redefinition of the Company's strategy to fully leverage the efforts and investments that VIVO has made in the medical channels. In so doing, we expect that shareholders and clients alike will be pleased as our business becomes more focused on service and profitability. We will release another statement soon to outline these changes in more detail," said Ray Laflamme, Chief Executive Officer of VIVO Cannabis. "We have been rewarded in this past quarter with increased Australian sales, successful topical cream and brick hash product launches, and our first import permit from the German authorities. I expect that the third quarter will continue to reward those shareholders that have stayed the course."
Financial Summary
Net revenue for Q2 2021 was $6.4 million, representing a 16% increase quarter-over-quarter as compared to Q1 2021.