Supreme Cannabis Announces Financial Results for Q2 2021
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54% net revenue growth quarter-over-quarter
52 active retail SKUs with 9 new SKUs introduced in Q2, with presence in all 10 provinces
Completed fourth shipment of medical cannabis to Israel through its Truverra brand
Maintains a strong liquidity position, including a cash balance of $41.9 million pro forma including net proceeds of $21.5 million from the unit offering subsequent to quarter end
TORONTO, Feb. 11, 2021 /PRNewswire/ - The Supreme Cannabis Company, Inc. ( Supreme Cannabis or the Company ) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced its financial and operating results for the three months ended December 31, 2020.
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The cannabis comeback: Why Aphria’s shares tripled in one month - and the whole sector is booming. Again. Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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HO/The Canadian Press
They were left for dead, or something very close to it.
Cannabis producers were shut out of capital markets in 2019, reeling from writedowns sometimes worth hundreds of millions of dollars and struggling to forecast any profits for the foreseeable future.
Canada's main stock index rose to a record high on Wednesday, buoyed by shares of cannabis companies as the Reddit community behind a recent trading frenzy pumped up these stocks.
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