Supreme Cannabis Announces Financial Results for Q4 and Full-year 2020

Established a platform for strong revenue growth and operational efficiency with a strengthened balance sheet2020 Fourth Quarter Highlights: * Increased recreational sales net revenue by 27% quarter-over-quarter and 373% year-over-year, supported by brand expansion and the introduction of Cannabis 2.0 products * 36 active retail SKUs listed, with presence in all 10 provinces * Completed the first and second shipments of medical cannabis to Israel through its Truverra brand * Right-sized operations delivering immediate cost savings, reducing quarter-over-quarter operating expenses (after restructuring) by 9% and 65% year over year * Maintains a strong liquidity position including a cash balance of …read more

Source:: Yahoo Finance