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

January 6, 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.

 

Read the full announcement here

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