Canada House Wellness Group Announces Fulfillment of Purchase Orders in Excess of USD 1.1 Million
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anada House Wellness Group Inc. (CSE: CHV) (Canada House or the Company), a fully integrated medical cannabis company, is pleased to announce that its wholly owned subsidiary, Abba Medix Corp. (Abba), has fulfilled purchase orders under Supply Agreements previously announced on February 10, 2020 and February 11, 2020 respectively, for cumulative gross revenue in excess of USD 1.1 Million. Payments for the fulfilled purchase orders have been received.
We are delighted to have packaged and fulfilled our first shipments of recreational cannabis from Abba's production facility in Pickering. I am proud of the hard work and dedication of our Abba team to fulfill these orders on time, commented Michael Orrbrooke, Chief Revenue Officer of Canada House. Recreational consumers in Alberta and British Columbia now have the opportunity to experience Abba products which have received great reviews from our existing medical patient base.
Initial sales of Abba products to recreational consumers have been strong. Abba expects to receive additional purchase orders in the near future while also carefully exploring further expansion opportunities with additional provincial distributors.
This is yet another important milestone for our business as we transition our focus from cost cutting to revenue generation. Abba Medix produces a very high-end flower that our medical patients value and we are extremely excited to now offer our products to recreational consumers, added Chris Churchill-Smith, Chief Executive Officer of Canada House. Our focus over the next 6 months is to prove out that our optimized cost structure works, continue to accelerate revenue generation and show that Canada House will be profitable. We expect this momentum to continue as we step closer towards our ultimate goal of becoming a profitable cannabis company this fiscal year.
✔️ Canada House Wellness Group Announces Fulfillment of Purchase Orders in Excess of USD 1.1 Million
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