Fiore Cannabis Provides Guidance and Timing for Third Quarter 2021 Results – Stockhouse

Cannabis company focused on Nevada and California markets driving strong financial results in second half of the year

Kelowna, British Columbia and Las Vegas, Nevada–(Newsfile Corp. – November 22, 2021) – Fiore Cannabis (CSE: FIOR) (OTCQB: FIORF) (“Fiore” or the “Company”), a licensed multi-state cannabis cultivator, producer and retailer, today provided guidance on its revenue forecast for the third quarter of 2021 based on preliminary results. The Company also shared additional corporate updates.

For the three-month period ending September 30, 2021:

Revenue is anticipated to be approximately $1,106,000 compared with $550,000 for the same period in 2020 and compared with $605,000 in the second quarter of 2021. Gross profit is anticipated to be approximately $297,000 compared with $158,000 for the same period in 2020 and compared with $337,000 in the second quarter of 2021.

The preliminary estimated financial results for third quarter 2021 are subject to the completion of the Company’s financial closing procedures. Fiore will provide investors with full financial results as part of its Financial Statements and Management’s Discussion and Analysis for the third quarter of 2021 which are expected to be issued the week of November 29, 2021.

The Company will follow up the release of its financial results with a Zoom call to review the performance along with its corporate presentation on Monday, December 6, 2021. This call will be hosted at 9:00 am Pacific Time by Fiore CEO Erik Anderson and will include a question and answer period.

“We are looking forward to providing investors and those interested in the company with additional detail on our financial results and operating highlights. This includes the ongoing activity at the Apex cultivation and production facility in Las Vegas where we have our flower production working optimally and have recently started producing

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top