RNO 0.00% 4.0¢ rhinomed limited

Columbia Care's March quarter result has been released. (Seems...

  1. 6 Posts.
    Columbia Care's March quarter result has been released. (Seems like a good partner to have in the U.S.) Highlights include:

    -45% higher revenue of $U.S. 12.9 million in Q1, 2019 from growth in existing jurisdictions and higher consumer demand.
    -Gross profit up 29% YOY to $U.S. 4.4 million
    -Cash position of $U.S. 169.6 million, zero debt, following recent listing
    -It has launched a new hemp-based CBD line in the new quarter
    -Plans to expedite the commercialization of these brands into traditional consumer retail channels
    -Acceleration of its expansion of operations as a result of public status

    The link to the press release is below

    https://ir.col-care.com/news-events/press-releases/detail/39/columbia-care-reports-first-quarter-2019-fourth-quarter
 
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