GL Brands announces record revenue guidance for first fiscal quarter 2020.

GL Brands (formerly Freedom Leaf), a multinational hemp consumer packaged goods company and global house of brands, announced on January 6 that revenue guidance for its recently completed first fiscal quarter of 2020 ended Sept. 30, 2019 in the range of $2.1 million to $2.5 million

For the first fiscal quarter of 2020, the Company is projecting revenue in the range of $2.1 million to $2.4 million, matching its total audited 2019 annual revenue of $2.1 million and surpassing its reported Q1 2019 revenue of $0.6 million, an almost 4X revenue growth. 

The record revenue growth is a result of the Company’s successful integration of Green Lotus™ product lines and new distribution partnerships that have positioned GL Brands’ hemp and CBD products on the shelves of major retail chains throughout the U.S. and Mexico.

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