- Geyser Brands’ first revenues of $79,434, generated during Q1 2019, represent a gross profit margin of 81 percent
- The company is nearing final TSX Venture Exchange conditional approval of its transaction to acquire Solace Management Group Inc.
- Geyser Brands subsidiary Apothecary Botanicals has received a standard processing license from Health Canada, which will allow the company to extend its CBD products to the regulated Canadian consumer medical market
Geyser Brands Inc. (TSX.V: GYSR), a global science-led consumer health care company that builds and markets some of the world’s most loved cannabis products and brands, continues to achieve its stated strategic goals. Financial statements for the three months ended June 30, 2019, show Geyser Brands reporting revenues of $79,434, representing an 81 percent gross profit margin.
“We have begun to operationalize our manufacturing and processing capabilities, generating our first revenues during Q1. We are continuing to explore new brand opportunities and develop our manufacturing capacity to position the company for rapid expansion as our remaining Health Canada licenses get awarded,” CEO Andreas Thatcher stated…
NOTE TO INVESTORS: The latest news and updates relating to GYSR are available in the company’s newsroom at http://cnw.fm/GYSR
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