Cannapharmarx (CPMD) has released an update.
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CannaPharmaRx is poised for robust growth in 2023 following a foundational year of strategic progress, including securing a long-term facility lease, acquiring key cannabis strains, and obtaining necessary licenses. The firm expects to ramp up production to achieve nearly $30 million in annual revenue and is on track for operational profitability and positive cash flow in the latter half of the year. With a focus on expanding within the cannabis industry, the company aims to deliver high gross and net margins, creating substantial shareholder value.
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