CannabisNewsBreaks – Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Releases Q3 2018 Financial Results, Reports Strong Revenue Growth
Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) released financial and operational results for the three and nine months ended September 30, 2018. The Q3 2018 update (with figures reported in Canadian dollars unless otherwise stated) includes the following highlights: Revenue of $3.8 million with gross margin of 56 percent; year to date revenue of $13.4 million, up more than 30 percent year over year; initial operations and revenue from the extraction facility; closed $23 million bought deal financing. “We continue to make progress towards completion of Phase 1, the first 325,000 square feet, of our purpose built, high-technology…