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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Li FT Power Ltd | TSXV:LIFT | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.12 | 3.76% | 3.31 | 3.23 | 3.34 | 3.33 | 3.23 | 3.27 | 11,588 | 21:00:11 |
MANAGEMENT COMMENTARY
The Company is pleased to report strong financial results during the first quarter of fiscal 2020. Total revenue increased by 53% to $3,369,799, compared to the same period in the prior year. The increase for the three-month period is the result of growth across all three of the Company’s segments: Trade Marketing, Data Insights and Event Marketing.
“We are pleased with the growth we continue to achieve across all revenue segments,” says Matei Olaru, CEO. “Specifically, the success of the CannSell platform and developments in Data Insights have positioned Lift & Co. to capture the ever-increasing spend on brand building across the industry.”
During this quarter, Lift & Co. launched an innovative brand building product – brand training modules – distributed to CannSellTM certified budtenders through the Company’s Trade Marketing platform. The brand training modules connect brands directly to budtenders through interactive content, allowing for direct brand-to-budtender communication while tracking budtender engagement with the content. Organigram Holdings Inc. was the first licensed producer to launch a module this quarter and the Company in the process of developing five additional modules already sold to various brands. The Company monetizes both the creation and the distribution of the brand training modules.
FIRST QUARTER 2020 FINANCIAL HIGHLIGHTS
FIRST QUARTER 2020 OPERATIONAL HIGHLIGHTS
EARNINGS CONFERENCE CALL
Scheduled for August 22, 2019 at 8:30am eastern time. The local and international participant dial-in numbers are as follows: Local – (+1) 866-211-3050; International – (+1) 647-689-6572; enter the conference ID: 4079639 to connect. Full details for the conference call webcast and playback numbers are available by clicking: here.
ABOUT LIFT & CO. Lift & Co. (TSXV: LIFT) is a publicly-traded technology company modernizing the cannabis industry.
Forward-looking statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. The Company disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
SOURCE Lift & Co. Corp.
For further information:
Lift & Co.Sara McMillen, Director of Communications, 416-220-9536, smcmillen@lift.co
Investor Relations:
Thesis CapitalPrit Singh, 905-510-7636, psingh@thesiscapital.ca
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