Lift Posts Fiscal Q3 Financial Results

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.”

Click here to read the full press release.