Indus Holdings, Inc. Reviews File Income within the First Quarter 2019 Monetary Outcomes

Indus experiences income of $6.four million, representing 180% income development 12 months over 12 months

SALINAS, Calif., Might 29, 2019 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus”) (CSE:INDS), a number one, vertically built-in cannabis firm, right now introduced its first monetary outcomes as a public firm for the fiscal first quarter ending March 31, 2019.

First Quarter and Subsequent Highlights

  • First quarter document income of $6.four million with a 180% year-over-year development
  • Gross margin grew to 21% in comparison with 11% prior 12 months first quarter and 10% in This autumn 2018
  • Accomplished a reverse takeover of a Canadian public firm and commenced buying and selling on the Canadian Securities underneath the image INDS, offering Indus with roughly $40 million by a non-public placement
  • Market penetration fee exceeded 84% of licensed California dispensaries
  • Introduced its acquisition of Humble Flower Co., a California-based, female-founded maker of cannabis-infused topical lotions and oils
  • Entered Nevada and Oregon markets by its pending acquisition of W Vapes, a licensed multi-state producer and distributor of cannabis merchandise

As shopper consciousness and demand grows, for a corporation to achieve success, it needs to be strategic and adaptable with the capability to scale up. We are going to selectively develop in a disciplined method with good and really accretive offers with a watch to excessive return – including strategic and like-minded companions as we place ourselves as a multi-state operator.

Robert Weakley, co-founder and chief govt officer of Indus Holdings, Inc.

Our technique for 2019 is to successfully leverage our present place to drive sturdy prime line gross sales and EBITDA development throughout this thrilling juncture for Indus.

Monetary statements, ready in accordance with Worldwide Monetary Reporting Requirements (“IFRS”), and administration’s dialogue and evaluation for the interval can be found on Indus’ SEDAR profile at sedar.com. All figures are reported in U.S. {dollars}, except in any other case indicated.

Fiscal First Quarter 2019 Earnings Name Particulars

Indus plans to host a convention name with administration right now at 5:00 p.m. ET. The decision will be accessed utilizing the next dial-in data:

U.S and Canadian Toll-free: +1 877-407-0789
Worldwide: +1 201-689-8562

Please dial-in no less than 15 minutes earlier than the decision to register.

To be added to the Indus Holdings e-mail distribution checklist, please e-mail [email protected] with Indus within the topic line.

About Indus Holdings, Inc.

Indus Holdings, Inc. (CSE:INDS) is a vertically-integrated cannabis firm with superior manufacturing capabilities, together with cultivation, extraction, manufacturing, model gross sales & advertising, and distribution. Based in 2014 by hospitality veteran Robert Weakley and primarily based in Salinas, California, Indus affords providers supporting each step of the provision chain and an intensive portfolio of award-winning manufacturers, together with Home Weed, The Authentic Pot Co., MOON, Acme, Beboe, Dixie Elixirs & Edibles, and Orchid Necessities. Indus Distribution, a division of Indus Holdings, Inc., is a number one distributor of cannabis merchandise, servicing an intensive portfolio of manufacturers and licensed retailers.

Authentic press launch

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