Vireo Health posts cannabis revenue rise, net loss for second quarter

Vireo Health, a Minneapolis-based multistate marijuana operator, on Thursday reported revenue of $7.2 million in the second quarter, up 70% from the same period a year ago.

The net loss for the quarter, ending June 30, was approximately $1.9 million, compared with net income of $120,080 for the prior-year period.

The company recently announced it would be expanding operations into Puerto Rico.

Vireo trades on the Canadian Securities Exchange under the ticker symbol VREO and on the U.S. over-the-counter markets as VREOF.

More details about the quarterly results can be found here.

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One comment on “Vireo Health posts cannabis revenue rise, net loss for second quarter
  1. Industry observer on

    It seems ridiculous to be a public company with such low revenue, considering the substantial time and cost of maintaining compliance with regulatory rules surrounding public markets. Will be interesting to see the shakeout in the next few years.

    Reply

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