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Fiore Cannabis announces Q2 2021 financial results; projects strong performance in second half of th

Stockhouse Editorial
4 Comments| August 30, 2021

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Click to enlargeFiore Cannabis Ltd. (CSE.FIOR) – a licensed multi-state cannabis cultivator, producer, and retailer – has announced its second quarter 2021 financial results, which support the Company's turnaround efforts and its continued push for a U.S.-based growth strategy.

Erik Anderson, President and CEO of Fiore Cannabis, commented:

"The second quarter of this year was an important stepping stone for Fiore as we achieved a number of key milestones. We continued to build upon our strong first quarter and hone in on driving our efforts in our revenue-generating U.S. operations while divesting non-performing operations in Canada and improving our balance sheet. During the quarter, we continued to see strong sales performance at our Apex Cultivation and Production Facility in Las Vegas, Nevada and retail sales performance continuing to progress along with expectations at our cannabis dispensary in Desert Hot Springs, California. With our year-over-year revenues up by more than 50% and a gross profit achieved, we also reduced our G&A substantially."


Full story here.


About the Company

Fiore Cannabis Ltd. is a publicly traded company that has been investing in the development of recreational and medical cannabis products since 2014. The Company has expanded its operations to include cultivation, production, and retail offerings in the key North American legal jurisdictions of Nevada and California. Fiore's portfolio of brands caters to diverse consumer and patient experiences, with brands and products that address recreational, medical, wellness as well as new consumer experience preferences. Current brands include Fiore Cannabis, Diamante Labs, Surfer and The Weekender. The Company operates retail cannabis outlets through its Green Leaf Wellness brand.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.



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