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Adastra Holdings announces record sales in August

Stockhouse Editorial
3 Comments| September 16, 2021

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Adastra Labs Holdings Ltd. (CSE.XTRX, OTC: XTXXF, Forum) – a leader in innovative ethnobotanical and cannabis science products – has announced record preliminary unaudited provincial wholesale sell-through in August 2021 of nearly $1.7 million.

This represents a 27% increase over the prior three-month average and puts year-to-date brand sales for the first eight months of 2021 at approximately $8.7 million compared to $6.7 million for all of 2020.

Donald Dinsmore, COO of Phyto, commented:

"The Phyto brand is resonating with consumer, retailers, and provincial wholesalers across Canada, which is being reflected in the strong August and year-to-date wholesale sales. These positive trends are coming as part of our broader strategy to raise brand awareness and aggressively capture market share. Increased penetration in Ontario and new product releases are only in their infancy. We expect that these efforts will continue to drive growth for many more months to come."

Full story here.


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.


FULL DISCLOSURE: Adastra Labs Holdings Ltd. is a client of Stockhouse Publishing.


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