Nevada-based Flower One Holdings Inc. (CSE: FONE, OTCQX: FLOOF, FSE: F11), one of the largest cannabis producers in the U.S., recently announced 2019 revenues of $9.4 million, which exceeds company projections of $9 million. The company reports positive revenue trends of at least $8 million, averaging an 11% month to month growth rate since September 2019.
Flower One is now listed on the Frankfurt Stock Exchange (“FSE”) as F11. The FSE is a sought after trading market for the cannabis industry. Additionally, Flower One announced it received Nevada state approval to launch its line of vape products called The Clear’s and Old Pal’s vape products, as well as signing a California-based vape company, Heavy Hitters, to their portfolio. If Flower One keeps up its positive momentum, it could position itself as a pot stock for investors to keep an eye on.
“Through exceptional execution and adherence to our strategic long-term growth plan, we exceeded our revenue expectations for 2019 based upon our preliminary numbers for the year,” said Ken Villazor, Flower One’s President and Chief Executive Officer.