*Note: All references to dollar values refer to Canadian dollars unless otherwise stated.
TORONTO, July 30, 2020 /PRNewswire/ – Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com (“Liberty” or the “Company”), a provider of high-quality cannabis, announced its financial results for the first quarter ended May 31, 2020. Consolidated net sales for the quarter ended May 31, 2020 were $18,440,756, compared with $5,520,561 for the quarter ended May 31, 2019.
For the quarter ended May 31, 2020, the Company reported Adjusted EBITDA of $4,583,269, compared with negative Adjusted EBITDA of $3,646,809 for the quarter ended May 31, 2019.
Liberty’s product offerings include 11 quality brands including Liberty Health Sciences™, Zentient™, Pretty Pistil™, Papa’s Herb™, Mary’s Medicinals™, G Pen™, PAX™, Lemon and Grass™, DomPen™, Clarity™, and Honey™.
As Liberty continues to accelerate expansion of new dispensary locations, the Company has increased its cultivation and processing capacity on its 387-acre state-of-the-art Liberty-360 facility, which is comprised of 300,000 square feet of greenhouse processing and production space.
“The first quarter of fiscal year 2021 has continued to show steady results quarter over quarter as we remain committed to operating as a safe