Alternative Medicine Association (AMA) has increased its focus on producing higher quality plants. Sales were up 11%
Shares in recreational cannabis group (CSE:TGIF, OTCQB:TGIFF) nudged higher as it reported a 20.2% increase in total sales in the second quarter against the first.
The figure for the latest quarter came in at over C$2.96mln compared to C$2.46mln in the first quarter.
The increase was contributed to by both subsidiaries in Las Vegas, Nevada, the firm said.
Alternative Medicine Association (AMA) has increased its focus on producing higher quality plants that command a higher price in the marketplace. Sales were up 11%.
Infused Mfg has increased its product offering, and both its top line sales and profits significantly contributed to the company's bottom line, it said. Sales added an impressive 45%.
Post period end, Friday Night acquiredSpire Secure Logistics Inc, a Canadian private company specializing in security, intelligence, with expertise in both the regulated cannabis industry and other sectors.
Friday Night had cash at end of the period of C$15.7mln.
Shares added 3.17% to C$0.65 each.