Indiva Ltd. (TSX-V: NDVA, OTCQX: NDVAF, Forum) announced its financial and operating results for Q2 2020 on Tuesday. The Company highlighted gross revenue of $2,826,487 representing a 24.8% sequential increase from Q1 2020, and a 1273.7% increase year-over-year from Q2 2019. Net revenue was $2,559,704 (a 27.1% increase from Q1, and a 1375.3% increase year-over-year from Q2 2019). NDVA added that it also secured more than $1.1 million of initial purchase orders to date for Wana Sour Gummies, which are set to be available in stores across the country in September.
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A leading Canadian producer of cannabis edibles and other cannabis products, NDVA also made news recently, when it launched its new premium brand,
Artisan Batch, featuring strains from craft and microgrowers across Canada, touting a high quality, potency, and terpene profile of their strains. Sourced through the Company’s partnership with
BC Craft Supply Co. Ltd., these products will be available as dried flower and have started shipping to Western Canada.
FULL DISCLOSURE: Indiva Ltd. is a client of Stockhouse Publishing.