Canadian cannabis producer Entourage Health Corp. (TSX-V: ENTG) (OTCQX: WDDMF) (FSE: 4WE), formerly known as WeedMD Inc., announced its financial results Tuesday for the three and six months ended June 30, revealing a record second-quarter 2021 total revenue of $13.8 million and net revenue of $10.6 million. That’s a total revenue increase of 92% and a net revenue increase of 81% year-over-year.
“Our third consecutive quarter of sequential revenue growth is indicative of our strong sales momentum and is a direct result of our strategic business transformation initiatives leveraged to increase market share and improved gross margin performance,” George Scorsis, Entourage's
interim CEO and executive chair disclosed.
Q2 2021 Financial Highlights
- Gross profit, before changes in fair value, totaled $3.1 million, compared to an …