Cannabis company The Yield Growth Corp. (CSE: BOSS) (OTC: BOSQF) posted record third-quarter revenue Tuesday of $1.9 million, up 61% from $1.2 million in the previous quarter.
The company's revenue rose 355% year-over-year.
Yield Growth's net loss fell by 55% from $4.1 million in the second quarter to $1.9 million in the third.
The company's total assets amount to $6.5 million, and Its working capital jumped 91% from $1.8 million at the end of 2018 to $3.4 million.
Yield Growth holds no commercial debt, short- or long-term debt and no convertible debentures, the company said.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
The company's recent business milestones include receipt of final approval from the Oregon Liquor Control Commission for nine Wright & Well products; product distribution agreements in Greece, Canada, Brazil, Colombia, Cyprus and the U.S.; and a marketing strategy that includes Leafly, British Vogue, Elle Canada and Vanity Fair.
The Yield Growth is running hemp, cannabis and edible mushroom assets, in addition to owning cannabis wellness brands such as Wright & Well, Urban Juve, and Jack n Jane.
The company’s shares were down 4.72% at 22 cents at the time of publication.
Photo courtesy of Yield Growth.
See more from Benzinga
- Greenery Map Upgrades Online System, Adds Thousands Of US CBD Retailers
- Kaden Resigns From CannTrust Board; Search Underway For New Directors, Permanent CEO
- MedMen Falls 15% As Net Loss More Than Doubles
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.