Connect with us


Liberty Health Sciences Inc (OTCMKTS:LHSIF) Reports Robust Revenues Of $16.12 Million In Q3 2019



Liberty Health Sciences Inc (OTCMKTS:LHSIF) has posted robust revenues of $16.12 million in Q3 2019. It is an increase of 508% when compared to the same period last year. The major contributing factors to the robust revenues in Q3 2019 include the inauguration of new delivery locations, new dispensaries, and increased in-store sales volumes. An increase in the registered patient base in Florida for medical marijuana use also contributed to the uptick revenues.

Appoints CEO

The board of directors of Liberty has recruited Victor Mancebo as the Chief Executive Officer. He is working as an interim CEO from February 12, 2019. The company has achieved tremendous growth under his leadership. Chairman of Liberty, William Ralph Pfeiffer, said the board is confident that Victor will lead the company into a new growth path. Commenting on his appointment, Chairman said Victor delivered exceptional operational excellence in all business areas. The board is confident that Victor will deliver rich dividends to the shareholders.

The product line of Liberty

The product line of Liberty comprises Pretty Pistil, Zentient, Liberty Health Sciences, Lemon and Grass, PAX, G Pen, Mary’s Medicinal, and Papa’s Herb. Liberty is an early entrant to Florida to introduce whole flower products in all the dispensaries. The company has posted monthly sales that include smokable medical marijuana of over $6.1 million in November 2019. In terms of dispending smokable marijuana, Liberty occupies the second slot in the last five months.

Liberty is on the expansion spree of the dispensaries to support future growth. It has initiated processing and cultivation on an area of 387-acre Liberty-360 facility. The 387-acre facility comprises over 300,000 Sq. Ft. of greenhouse processing/ production space. With this facility, Liberty benefits from low-cost production of marijuana in Florida.

CEO of Liberty, Victor, said the company exhibited robust performance in Q3 2019. He said the company is fortunate to post excellent results on the backdrop of knowledgeable and dedicated staff across Florida and loyal patients. The company operates twenty-three dispensaries that include 18 dispensaries opened in Q3 2019 in Florida. Liberty inked lease agreements for another 10 locations.

Zeifmans LLP will act as the new independent auditor for Liberty with effective from December 18, 2019.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.


PROFILES5 days ago

Post Views: 345 Can you spot the difference between the hemp plant and marijuana plant? Hint: It’s not in the...

Business3 weeks ago

Stem Holdings Inc (OTCMKTS:STMH) Reports A Growth Of 960% In Q3 2020: Unveils TJGardens Branded Tinctures

Post Views: 432 Stem Holdings Inc (OTCMKTS:STMH) posted an increase of 960% YoY to $6.7 million in Q3 2020. It...

Business3 weeks ago

Indiva Ltd (OTCMKTS:NDVAF) Signs Three Provincial Agreements: Expands Distribution Network To Eight Provinces: Reports A Robust Growth Of 1273.7% In Q2 2020 Revenues

Post Views: 441 Indiva Ltd (OTCMKTS:NDVAF) posted a robust growth of 1273.7% YoY to CAD 2.826 million in revenues in...

Business3 weeks ago

4Front Ventures Corp (OTCMKTS:FFNTF) Receives Approval From CCC For Mission Dispensary and Cultivation Facilities In Worcester: Will Commence Adult-Use Cannabis Sales

Post Views: 465 CCC (Cannabis Control Commission) in Massachusetts approved cultivation and processing facilities and Mission Dispensary of 4Front Ventures...

Business4 weeks ago

Pure Sunfarms, A Joint Venture Of Village Farms International Inc (NASDAQ:VFF), Ships Bottled Oil Products TO British Columbia

Post Views: 563 Pure Sunfarms, which is a Village Farms International Inc (NASDAQ:VFF) JV, commenced shipment of Cannabis 2.0 products...


Health Canada Grants Cannabis 2.0 License To Abba Medix Corp, An Auxiliary Of Canada House Cannabis Group Inc (OTCMKTS:SARSF)

Post Views: 437 Abba Medix Corp., a wholly-owned subsidiary of Canada House Cannabis Group Inc (OTCMKTS:SARSF), received an amended cannabis...