– Company Posts Record Quarterly Revenue of $6.7 Million, up 203% YOY
– Quarterly Revenue Grew 10% Sequentially, Marking Seven Consecutive Quarters of Positive Growth
– Opens First Cannabis Dispensary Franchise Shop under the Unity Rd. Brand and Signs Five Agreements for Franchise Expansion
– Management to host conference call and webcast to discuss key operational and financial highlights today at 11:00 AM ET
PHOENIX, Aug. 17, 2021 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”), a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products, today reported operating and financial results for the three months ended June 30, 2021, the Company’s third quarter of fiscal year 2021 (“Q3 FY2021”). Item 9 Labs Corp. management will be hosting an earnings call today, August 17, at 11:00 AM Eastern time (8:00 AM Pacific time); details are provided below.
Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis franchisor and operator headquartered in Arizona that produces premium, award-winning products. With deep experience in cannabis, franchising, and capital markets, the Company brings the best industry practices to markets nationwide through distinctive retail experience, cultivation capabilities, and product innovation. (PRNewsfoto/Item 9 Labs Corp.)
Key Financial Highlights for Q3 FY2021 (compared with Q3 FY2020)