True Leaf Brands had an eventful quarter, as its most recent financial report shows.

The cannabis company saw its best quarterly revenue growth to date with a 70 per cent increase in its pet division over the course of its second fiscal quarter.

The quarterly report comes less than two weeks after the company secured its licences from Health Canada to operate its 18,000-square-foot facility in Lumby. The licences allow the True Leaf Campus to begin cultivating and producing cannabis products for medical purposes immediately.

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91裸聊视频淭rue Leaf is proud to report its strongest quarter in the Company91裸聊视频檚 history,91裸聊视频� founder and CEO Darcy Bomford said.

Bomford credited the strong quarter in part to the successful rollout of the company91裸聊视频檚 expanded pet-care product lines, and to improved results from its global operations.

91裸聊视频淐ontinuing to execute on our global growth plans has allowed us to meet the high demand for our products in key markets like Europe.91裸聊视频�

The company is currently seeking a joint venture partner to purchase part of the True Leaf Campus, allowing the company to 91裸聊视频渓ock in a supply of CBD for our pet products and secure a return on our investment,91裸聊视频� Bomford said.

While money is coming in, the company acknowledged the growing pains within the cannabis industry and the need to cut costs effectively.

91裸聊视频淐ost-saving measures have been made across both divisions,91裸聊视频� Bomford said. 91裸聊视频淲e expect to realize savings immediately and improve upon them going forward.91裸聊视频�

True Leaf91裸聊视频檚 operating expenditures totalled more than $2.2 million this quarter 91裸聊视频� a shade over their first quarter expenditures.

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