Plus Products Inc. a cannabis branded products company in the U.S., today released its unaudited financial and operational results for the three and six months which ended June 30, 2020. Q2 2020 Financial Highlights Revenues: Net revenues reached $4.3M in Q2 2020, representing 21% year-over-year growth as compared to Q2 2019 net revenues of $3.6M. The records show the company continues to see revenue growth driven by its core operations in the California adult-use market. Also, the data show new avenues of growth from new brand launches, the Nevada adult-use market, and its national hemp CBD product line. Overall, Gross profits climbed to $1.6M in Q2 2020 compared to $0.7M in Q2 2019.
Published Ncv Newswire, New Cannabis Ventures, 08/20/2020 17:04:54
Open article: https://www.newcannabisventures.com/plus-products-q2-revenue-increases-21-to-4-3-million/