The company, which since 2014 has dealt in the ancillary side of the cannabis business, last week reported record quarterly revenues of $43.5 million and upped its forecast for the current fiscal year to between $170 million and $175 million, up from the $130 million to $135 million the company first predicted earlier this year.
GrowGeneration, which Wall Street values at $770.5 million, more than doubled its revenue in the three-month period ending June 30. The $43.5 million the company produced last quarter was a 123% increase from the $19.5 million it recorded in the year-ago quarter. The results came amid a quarter defined by an economic lockdown intended to slow the spread of a novel coronavirus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marriott CEO Arne Sorenson On The Future Of The Hospitality Industry, Masks, And FurloughsArne Sorenson, president and CEO of Marriott International, speaks on the future of the hospitality industry, the importance of mask-wearing for reopening, and layoffs and furloughs in this interview with hospitality and customer service expert Micah Solomon Oi One world order ExactezMoi
Source: Forbes - 🏆 394. / 53 Read more »
Nasdaq CEO Adena Friedman says investors are key in forcing companies to tackle inequalityNasdaq CEO Adena Friedman told CNBC that investors hold an 'enormous amount of influence' when it comes to making companies tackle issues like social injustice and economic inequality. She says the best way to make CEOs focus on inequality in the workforce is for their shareholders to ask for it. How do we tackle extreme Federal reserve interference to save the Presidents reelection bid? Or the propped up stock market? Here is the key to economic equality: 1. Work hard 2. Go to school or get some training in something you love to do 3. Work hard 4. Don’t listen to people who say you are nobody or you won’t be treated fairly because of blah, blah, blah 5. Work hard So, the rich eat themselves?
Source: CNBC - 🏆 12. / 72 Read more »
Former McDonald's CEO calls company's clawback lawsuit 'meritless' and 'misleading'McDonald's former CEO Steve Easterbrook shot back at the fast-food giant's lawsuit against him, calling it 'meritless' and 'misleading.'
Source: CNBC - 🏆 12. / 72 Read more »