Ayurcann Holdings CEO Igal Sudman joined Steve Darling from Proactive to share news the company has announced results from Q3 of 2022. The company reported revenues of 3.2 million for the three-months ended December 31, 2021, compared to $1.5 million for the previous year.
Sudman telling Proactive the company reported gross margins of 1.8 million, for the three-months ended compared to 302,000 for the three-months ended December 31, 2020. That amounts to an increase of approximately 500% year-over-year. Sudman also said Ayurcann finished its Phase-2 expansion at the Pickering facility, and started production, increasing extraction capacity of up to 300,000 kilograms of biomass and up to 3 million filling and co-packaging capability for cannabis 2.0 and 3.0 products.