Canadian Cannabis Company Reports Mixed Results: Here's What's In Them
Portfolio Pulse from Maureen Meehan
Ayurcann Holdings Corp. (OTCQB:AYURF) reported Q3 2023 financial results, with gross revenues of CA $5.9 million (US $4.3 million), a 114% increase compared to the same period last year. The company has expanded its product offerings to 60 SKUs and achieved Canadian retail penetration of over 65%.
May 29, 2023 | 1:25 pm
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Ayurcann Holdings Corp. reported a 114% increase in Q3 2023 gross revenues compared to last year, expanded product offerings to 60 SKUs, and achieved over 65% Canadian retail penetration.
The significant increase in revenues, expanded product offerings, and high retail penetration indicate strong growth for Ayurcann Holdings Corp. This positive news is likely to have a short-term positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100