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Lift & Co. issued its fiscal 3Q financial report to investors.
Lift & Co. (TSXV:LIFT) issued its fiscal 3Q financial report to investors.
As quoted in the press release:
The Company is pleased to report its sixth consecutive quarter of triple-digit revenue growth against prior year, posting revenues for the quarter ended December 31, 2018 of C$835,050, up 292 [percent] from C$212,581 during the same period last year. This revenue increase is driven from growth across the Company’s platform business of four consumer packaged goods (“CPG”)-modelled marketing products.
“During the third quarter, Lift & Co. executed on significant steps to expand its platform business model across legalization-ready licensed producers, retailers and consumers,” said Matei Olaru, CEO, Lift & Co. “Looking forward we expect continued growth as the addressable market of brands, retailers and consumers continue to scale post-legalization. Our subsequent CannSell Ontario announcement is a monumental win which establishes Lift & Co. as the leader in digital trade marketing. We believe this will provide shareholders with visibility to materially increasing value for many quarters to come.”