Kiaro Holdings Corp. (TSXV: KO) (OTC: KIARF) revealed Tuesday its second-quarter financial results with record revenue of CA$6.19 million ($4.88 million), versus CA$4.0 million in the same period of 2020. The 55% revenue improvement can be attributed to retail same-store sales increases of 21%
and a 92% sales increase at Kiaro's wholesale subsidiary, National Cannabis Distribution Inc.
Q2 Financial Summary
- A total of CA$6.19 million in revenue consisted of CA$3.72 million from the retail segment, CA$2.32 million from the wholesale segment, and CA$140,000 from the new eCommerce segment;
- Gross profit amounted to CA$1.68 million, up by 35% from the same period of last year;
- Total operating expenses for …