* Generated revenue of
* The Company reported Gross Profit of
* When excluding Interest and Tax, Depreciation, and Amortization expense, the Company reported
For the quarter,
Management Commentary:
"We are pleased to report growing revenues and positive EBITDA as we continue to grow our active states, product line and dispensaries selling
"Q2 revenues reflect revenue from 8 states:
"Moving to positive EBITDA also represents an important milestone for our company. While we did incur some additional costs in our transition to a new partner in
"Looking forward to next quarter, which ends
"We also continue to innovate new products to be delivered to existing markets in 2024. Our vision remains for Major to be the leading beverage and edibles brand in
Full financials for the Company may be found at SEDAR: https://thecse.com/listings/nevis-brands-inc/sedar-filings/
About Nevis Brands
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement Regarding "Forward-Looking" Information Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. This forward-looking information is provided as of the date of this news release. The forward-looking information reflects our current expectations and assumptions and is subject to a number of known and unknown risks, uncertainties and other factors, which may cause actual results, performance, or achievements to be materially different from any anticipated future results, performance or expectations expressed or implied by the forward-looking information. No assurance can be given that these assumptions will prove correct. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Investors are advised to consider the risk factors under the heading "Risks and Uncertainties" in the Company's Form 2A, available at www.sedar.com for a discussion of the factors that could cause the Company's actual results, performance and achievements to be materially different from any anticipated future results, performance, or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
SOURCE
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