Nevis Brands CEO Announces Strong Q2 Financial Results and Growth Plans
Vancouver, Canada
|
July 11, 2024 10:13 AM Eastern Daylight Time
Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the company's financial results for the second quarter, ending May 31st, 2024. Nevis reported cannabis beverage royalty revenues totaling $436,532, with a Cost of Goods Sold amounting to $145,170 and a Gross Profit of $291,392. This performance marks a 15 percent increase over revenues from the previous quarter.
Kueber expressed his satisfaction with the company's growing revenues and positive EBITDA. He highlighted the ongoing expansion of Nevis's presence in active states, the development of their product line, and the increasing number of dispensaries selling Nevis products. According to Kueber, Q2 revenues were generated from sales in Washington, Oregon, California, Nevada, Colorado, Arizona, Ohio, and Missouri. He also mentioned that Michigan and Mississippi are still in pre-production phases and are expected to contribute to revenues in the third quarter.
Looking ahead, Kueber emphasized Nevis's commitment to innovation, with plans to introduce new products to existing markets in 2024, ensuring the company continues to capture market share and drive growth.
Contact Details
Proactive North America
+1 604-688-8158
