Bullboard - Stock Discussion Forum Fire & Flower Holdings Corp FFLWF

Fire & Flower Holdings Corp. is a Canada-based technology-powered, adult-use cannabis retail company. The Company's principal business is the operation of a fully integrated cannabis consumer technology platform, supported by a fulfillment network of retail stores and delivery to cannabis consumers. The Company's segments include Retail, Wholesale and Logistics, and Digital Platform. The Retail... see more

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Fire & Flower Holdings Corp > IONC Reports Record US8.3M 2nd Quarter Revenue

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Post by Acura001 on Aug 31, 2021 6:28am

IONC Reports Record US8.3M 2nd Quarter Revenue

IONIC Brands Corp. Announces Record Sales of US$8.3 Million in Second Quarter 2021

Release Highlights Record High Revenue for Second Quarter 2021
(Expressed in US dollars, unless otherwise stated)

Record Q2-2021 sales revenues of $8.3M and realized $1.3M in gross profit representing a 16% gross margin for the second quarter 2021, a 1.2% decline on quarter-on-quarter growth due to our combined B2B wholesale business and entrance into the sales of lower margin flower sales compared to our concentrate segments.
Record H1 sales revenues of $12.5M which exceeds the entire fiscal year of 2020 revenues by $3.5M, representing a 40% increase in revenue YTD
The Company maintains its target on baseline revenues of over $28 million for annual 2021.
Improved balance sheet through the conversion of $12.9 million in secured debt to preferred equity