Fiore Cannabis, a cannabis cultivator, producer and retailer, today announced that it achieved a positive Adjusted EBITDA for the month of January and reported ongoing crop results for its cannabis cultivation facility. The company produces flowers that are grown being organically grown and boasting high THC levels.
The two crops sold in January were the first achieved under newly implemented organic living soil growing conditions at the Apex cultivation and production facility in North Las Vegas, Nevada. The result has been high yield, high THC cannabis flower. The facility's proximity to the Las Vegas recreational and medical cannabis market ensures multiple sales avenues for Fiore product. Even with pandemic restrictions, Nevada remains one of the country's most lucrative markets and its tourism focus is projected to increase demand for cannabis products as restrictions are decreased over time.
"The Fiore cultivation team can be proud of the quality organic cannabis product we are delivering into the market and the recognition this generates for us. The financial results in January are based on two crops being harvested and sold into the market. We expect February and future months will include an equivalent or greater number of crops being harvested and available for sale each month," said Anderson.
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