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Aleafia Health Q1 Cannabis Net Revenue $13.7M, Up 183% QoQ

$13.7M cannabis net revenue, 183% increase over previous quarter, and 2,486% increase over prior year’s quarter Positive cash flow from operations 85% gross margin on cannabis net revenue 3% increase SG&A

Benzinga · 05/13/2020 11:11
  • $13.7M cannabis net revenue, 183% increase over previous quarter, and 2,486% increase over prior year’s quarter
  • Positive cash flow from operations
  • 85% gross margin on cannabis net revenue
  • 3% increase SG&A expenses over previous quarter
  • $35M in cash, cash equivalents and marketable securities
  • Total liabilities decline by $7.9 million over Q4 2019
  • Fifth consecutive quarter reporting record revenue, second consecutive quarter of positive adjusted EBITDA
  • Adjusted EBITDA margin of 44%
  • Cash cost to produce per gram of $0.31