British Columbia-based Pure Sunfarms reported but another profitable quarter, as income rose considerably in comparison with the earlier three-month interval.

The cannabis producer noticed web gross sales develop to 22.6 million Canadian {dollars} ($17 million) for the quarter ended Sept. 30.

Adjusted EBITDA – a measure of profitability – elevated 125% from the earlier quarter to CA$5.6 million.

Pure Sunfarms says its dried flower achieved 15.2% market share by kilograms bought final month in Ontario – Canada’s largest market.

Its year-to-date market share of that class with the Ontario Cannabis Store was 13.6% by kilograms bought, which Pure Sunfarms says is tops within the trade.

On Nov. 2, Vancouver, British Columbia-based Village Farms International accomplished the acquisition of Pure Sunfarms by shopping for all remaining shares from Emerald Health Therapeutics.

That gave Village Farms full management of Pure Sunfarms.

“With 75% sequential growth in dollar sales, Pure Sunfarms’ third quarter highlighted its strong sales momentum as its leading brand continues to resonate with consumers,” mentioned Michael DeGiglio, Village Farms CEO, in a press launch.

Concurrently, Village Farms reported its monetary outcomes for the three months ended Sept. 30.

Village Farms reported gross sales of $43 million within the quarter, together with Adjusted EBITDA of $4.6 million.

Shares of Village Farms International are traded as VFF on the NASDAQ and Toronto Stock Exchange, respectively.



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