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Stocks in play: Jushi Holdings Inc.

Baystreet.ca

Announced a Shareholder Update and Second Quarter 2019 Financial Results. Revenue for the second quarter of 2019 increased 93.1% to $0.2 million, compared to $0.1 million in the second quarter of 2018. Gross profit for the second quarter of 2019 was $0.2 million, resulting in gross margin of 94.5%, compared to $0.1 million for the second quarter of 2018. The increase over the prior year was primarily due to an increase in royalties on intellectual property and the opening of the first CBD retail store under Sound Wellness. The company is also planning a multi-pronged strategy of purchasing licenses, winning applications, acquiring successful local businesses, introducing new branded products, and capitalizing on the brand equity of its medical and adult-use brands, Beyond/Hello™, The Clinic™, The Lab™, and The Bank™. The Company's hemp-derived physician-formulated CBD products are in development and new branding is expected to launch in the Fall of 2019. Jushi Holdings Inc. shares JUSH.B:AQN are trading Unchanged at $2.40.