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    cannabis investing

    Lift & Co. Reports Third Quarter Fiscal 2020 Results

    Danielle Edwards
    Feb. 05, 2020 06:19AM PST
    Cannabis Investing News

    Lift & Co. announced results for the third quarter of 2020 ended December 31, 2019.

    Lift & Co. (TSXV:LIFT,OTCQB:LFCOF) announced results for the third quarter of 2020 ended December 31, 2019.

    As quoted in the press release:

    MANAGEMENT COMMENTARY

    The Company is pleased to report strong financial results for the period. Total revenue increased by 41% to $4.6 million for the nine-month period, compared to the same period last year, and loss from operations decreased by 17% to $4.8 million. These improvements were driven by revenue growth across all segments and a focus on improved operational efficiency. During the quarter, the Company announced important partnerships in the development of its Cohesion platform:

    • an exclusive strategic partnership with Nielsen, a leading global measurement and data analytics company, in developing Cohesion Segmentation – powered by Nielsen, a new cannabis consumer profiling and segmentation data product;
    • a strategic partnership with Enlighten, which will provide Lift & Co. with access to over 1,000 US retailers as well as product data, and marks the beginning of the Company’s expansion into the United States; and
    • the addition of Adobe Advertising Cloud demand-side-platform, which will enable Cohesion clients to seamlessly deliver compliant programmatic advertising to their target consumer segment and brings much-needed industry-standard advertising solutions to the cannabis industry.

    Click here to read the full press release.

    cannabis investingtsxv:liftlift & cootc:lfcof
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