April 13, 2021 7:02 AM EDT
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Kelowna, British Columbia–(Newsfile Corp. – April 13, 2021) – Fiore Cannabis Ltd. (CSE: FIOR) (OTCQX: FIORF) (“Fiore” or the “Company”), a licensed multi-state cannabis cultivator, producer and retailer, today announced preliminary revenue results for the first quarter ended March 31, 2021 which show impressive quarter over quarter growth. Revenue for the first quarter of 2021 is projected at approximately US$850,000, an increase of 110% compared with the fourth quarter of 2020 and an increase of 140% compared with the first quarter of 2020. The projected profit margin for the first quarter of 2021 is approximately 40% based on the cost of cannabis per gram in the fourth quarter of 2020. The strong quarterly performance is primarily