With the re-emergence of Nevada’s cannabis market, the Company is on track for third quarter 2020 to be its highest recorded quarterly revenue and is anticipating revenue in the range of $9.8M to $10.8M
TORONTO, ON, Sept. 8, 2020 /CNW/ – Flower One Holdings Inc. (the “Company”) (CSE: FONE) (OTCQX: FLOOF), a leading cannabis cultivator, producer and innovator in Nevada, today reported its financial and operating results for the second quarter ended June 30, 2020. The Company also provided a corporate update including preliminary financial and operational highlights subsequent to quarter end. All amounts are expressed in U.S. dollars unless indicated otherwise.
Second Quarter Highlights
“Since the reopening of Nevada dispensaries to in-person purchases, Flower One’s sales have quickly rebounded to pre-COVID-19 levels,” said Ken Villazor, President and Chief Executive Officer of Flower One. “Recently, the State of Nevada reported retail cannabis revenue for the month ending June 30, 2020, of $61.4 million, up from $57.9 for