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True Leaf reports record quarter

The company’s cannabis cultivation facility is expected to be completed in autumn 2018.

True Leaf Medicine International Ltd. has announced its best quarter ever for the three months ending on 30 June 2018. The record-setting revenues were generated from sales of the company's legal hemp-based True Leaf Pet products. Sales of the products totalled 491 334 dollars in the quarter, an increase of 70 per cent over the 289 494 dollars recorded for the same period last year. This figure also represents an increase of 28 per cent over revenue of 383 844 dollars for the three months ending on 31 March 2018. Revenue growth has been fuelled by an expanded team of pet industry sales experts in Canada, the United States and Europe.

Through its other division, True Leaf Medicine, the company is building True Leaf Campus, a cannabis cultivation and production facility in Lumby, British Columbia, which will provide medicinal cannabis under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR) programme.

| 5 September 2018


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