Supreme Cannabis Q3 Revenue Plunges Ahead Of Merger With Canopy Growth
The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) (FRA: 53S1) reported Thursday having earned $16.8 million in gross revenue in the third quarter of 2021, representing a sequential decrease of 22.5%. Net revenue amounted to $13.6 million, including $11.7 million from recreational sales and $1.9 million in wholesale net revenue. "The third quarter of 2021 was marked by significant headwinds across the industry due to nationwide lockdowns and restrictions associated with COVID-19 that resulted in softness in the market, which impacted our recreational revenue," Beena Goldenberg, pres...