Q4 revenue jumps 72% for cannabis group Vireo amid state expansion

Vireo Health International, the Minneapolis-based, vertically integrated marijuana firm, reported revenue of $5.6 million for the fourth quarter of 2018, up 72% from the same period the prior year.

Net loss for the quarter totaled $1.2 million versus profit of just over $293,000 in the same period 2017.

The net loss was attributable in part to transactions and new-market costs related to expansion of the company’s footprint.

Vireo is licensed to operate in 10 states.

Full-year net loss for 2018 was $3.1 million on revenue of $18.5 million, compared with a net loss of $431,000 on revenue of $10.9 million in 2017.

Vireo trades on the Canadian Securities Exchange under the ticker symbol VREO.

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One comment on “Q4 revenue jumps 72% for cannabis group Vireo amid state expansion
  1. Merzey Ralston on

    Can someone please tell me what is the first step in trying to figure out what company to invest in?? I am kinda of in a place of inertia due to all the information out there.

    Reply

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