On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Secures Additional $4M in Purchase Orders, Expects More Than $55M in 2019 Revenue from Branded Products

Company: Sunniva Inc. (SNNVF)
Category: News

Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) today announced that it has secured an additional USD $4.0 million in purchase orders from select retail dispensaries in southern California for Sunniva branded cannabis products. This increases the total to USD $11.5 million in sales orders received to date for products to be sold in the first four months of 2019. Sunniva expects continued sales volume growth and, in 2019, estimates USD $55-$60 million in revenue from sales of its branded products in California, from those manufactured in its licensed extraction facility and through purchase of compliant third-party flower from strategic relationships that is packaged, branded, distributed and sold. During the ramp up stage of operations in California, Sunniva estimates combined gross margin of 40 to 50 percent from these product lines. These revenues do not include Full Scale Distributors, LLC, the California large-scale high technology greenhouse or Natural Health Services Ltd.’s clinics in Canada.

To view the full press release, visit http://cnw.fm/H6pdy

About Sunniva Inc.

Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – California and Canada. The company’s ability to leverage its large-scale, purpose-built cGMP designed greenhouses, offering better quality assurance with cannabis products free from pesticides, uniquely positions Sunniva as a leading supplier of safe, high quality products at scale. Through its strategically positioned cultivation and extraction facilities in California, it is launching Sunniva branded products in various product categories including flower, pre-rolls, vape cartridges and premium concentrates.  The company’s compliant distribution in California will ensure the placement of Sunniva branded products at licenced dispensaries throughout the state. It continues to pursue other upstream vertical opportunities. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries. For more information, visit the company’s website at www.Sunniva.com

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

Contact us: 303.498.7722