Green Growth Brands Inc. (OTCQB:
released fiscal third-quarter 2019 results, with revenue at
its Nevada cannabis operations growing to $5.1 million.
Green Growth reported total revenue, including
both of its MSO and CBD operations, was $5.6 million. The companyâs
Nevada gross margin was 41 percent.
The company expanded into Massachusetts during
the quarter, through completion of a transaction with Just Healthy
"This quarter we executed our strategy with speed
and agility. We made great progress towards establishing our
leadership in the industry, by setting new standards for consumer
experiences and product," said CEO Peter Horvath in a press
View more earnings on
"[W]e plan to open new dispensaries in Nevada in
the remainder of the calendar year," added Horvath. "As an
early-stage company, just over a year in, when most competitors
have been operating for 4-8 years, we are proud of the
accomplishments we have made. We will continue to drive towards
Green Growth's stock closed Wednesday's session
at $3.01 per share, up 3.6 percent.
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