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Creso Pharma Ltd's strong quarter marks evolution into a broader-based pharmaceutical company: chairman


Creso Pharma’s strong quarter marks evolution into a broader-based pharmaceutical company: chairman
The surge in revenue along with business ties-ups across major global markets following regulatory changes and the acquisition of an established psychedelics company could transform it into a broader-based pharma company.
CERES Natural Remedies flagship store in Vermont, US
Creso Pharma Ltd (ASX:CPH) (OTCMKTS:COPHF) (FRA:1X8) has witnessed a strong first quarter, with total revenue rising by 237% from the preceding quarter, marking the company’s evolution into a broader-based pharmaceutical company, according to non-executive chairman Adam Blumenthal. 
The surge in the group’s revenue growth during the quarter highlighted the growing demand for the company’s products, as regulatory shifts across cannabis industries globally continue to unlock growth opportunities.  ....

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Creso Pharma Ltd subsidiary Mernova secures new purchase orders and launches new products


Creso Pharma subsidiary Mernova secures new purchase orders and launches new products
The new purchase orders include a second order from Ontario Cannabis Store and a third from Yukon Liquor Corporation and these highlight an ongoing shift towards a recurring revenue model.
A new larger one-ounce bag product segment allows consumers to secure product at a competitive price.
Creso Pharma Ltd’s (ASX:CPH) (FRA:1X8) wholly-owned Canadian subsidiary, Mernova Medicinal Inc has secured new purchase orders (POs) with a total value of C$145,192 (A$150,770) from the Ontario Cannabis Store (OCS) and Yukon Liquor Corporation.
The new POs include a second from OCS and a third from Yukon Liquor Corp and highlight an ongoing shift towards a recurring revenue model for Creso Pharma. ....

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