Wildflower Reports 400% Revenue Increase in Fiscal 2019 Results

- December 19th, 2019

Wildflower announced results for its fiscal 2019 year, generating C$7.1 million in revenue – a 400 percent increase over revenues in 2018.

Wildflower Brands (CSE:SUN,OTC:WLDFF) announced its results for its fiscal 2019 year ended June 30, 2019, in which it generated C$7.1 million in revenue – a 400 percent increase over revenues of C$1.4 million in 2018.

As quoted in the press release:

The company began aggressively marketing its CBD Wellness products during the fiscal year, culminating with the launch of its products in June 2019 at Dillard’s, an American department retail chain with over 290 stores in 29 states.

Highlights for the year ending June 30, 2019 (with comparisons to the prior year except as otherwise noted) include the following:

  • Sales of $7,085,223 (2018: $1,408,114), including licensing fees from sales through our partner in the Washington State I-502 market, US nationwide e-commerce sales, nationwide US wholesale sales and from the sales in California State’s regulated market through the licenses held there;
  • Cost of goods sold of $3,927,086 (2018: $915,997) related to the cost of the products and packaging sold during the year;
  • Wages and benefits of $1,515,177 (2018: $175,669) related to wages and related benefits paid to employees;

Click here to read the full press release.

Find out what experts are saying about the future of cannabis edibles

 
Read our new report on the 2019 Lift Cannabis Business Conference
 

Get the latest Cannabis Investing stock information

Leave a Reply