Quarterly Earnings: Indiva Anticipates 1400% YoY Revenue Growth While Planet 13 Sees Best Quarter Ever

Indiva’s ‘Path To Profitability Remains On Track’

Indiva Ltd. (TSXV: NDVA) (OTCQX: NDVAF) expects to generate between $2.8 million and $3.1 million in revenue for the third quarter of 2020. That’s an increase of 1,400% year-over-year and 9% sequentially.

The substantial growth can be attributed to the last month’s rollout of Wana Sour Gummies and sales of Indiva’s other edible and “2.0” products.

In September, the London, Ontario-based cannabis producer held a market share of 28.8% in the edibles category in the …

Full story available on Benzinga.com

More Quarterly Earnings: Indiva Anticipates 1400% YoY Revenue Growth While Planet 13 Sees Best Quarter Ever