• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    MJardin Releases Third Quarter 2019 Financial Results

    Danielle Edwards
    Nov. 25, 2019 05:42AM PST
    Cannabis Investing News

    MJardin Group announced on Monday (November 25) its financial and operating results for the third quarter of its fiscal 2019 year.

    MJardin Group (CSE:MJAR,OTCQX:MJARF) announced on Monday (November 25) its financial and operating results for the third quarter of its fiscal 2019 year.

    As quoted in the press release:

    Q3 and YTD 2019 Highlights:

    • Revenue of $7.6 million, includes $0.8M contribution from Cheyenne since acquisition date;
    • Generated positive Adjusted EBITDA of $0.5 million;
    • Sequential revenue growth from AMI facility of 47% compared to the prior quarter;
    • Improved efficiencies by reducing corporate overhead by 45%;
    • Announced first EU Supply agreement from the AMI facility for 250 KG a month beginning in the first quarter of 2020;
    • Submitted application to Health Canada for a cultivation license at MJardin’s “GRO” facility in Dunnville, Ontario and received official RMI from Health Canada. MJardin expects full licensing at the facility by Q4 2019;
    • Production metrics at our AMI and WILL facility continue to produce at approximately 60 grams per square foot;
    • MJardin anticipates providing revised guidance as part of its full-year 2019 financial reporting in early 2020.

    Click here to read the full press release.

    cannabis investingcanadacse:mjarmjardin groupotcqx:mjarf
    The Conversation (0)

    Go Deeper

    AI Powered
    Cannabis Investing

    Maricann Group Reports Q1 Results

    Green Thumb Industries Reports First Quarter 2023 Results

    Green Thumb Industries Reports First Quarter 2023 Results

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    The Tinley Beverage Company

    TNY:CNX

    extractX

    Hygrovest Limited

    HGV:AU

    Lords & Company Worldwide Holdings

    LRDS:CNX
    Lords & Company Worldwide Holdings Logo

    Adastra Holdings

    XTRX:CNX

    MMJ Group Holdings

    MMJ:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×