Company Name: AgraFlora Organics International Inc.

In Q2-2020, AgraFlora Organics International Inc. reported a 25% QoQ increase in revenue to $0.46 million. Farmako (wholly-owned German medical cannabis distributor) continues to be the source of revenue, while the other divisions await licenses. We are lowering our 2020 revenue forecast as we were expecting sales from the Delta and Winnipeg facilities to commence in 2020. Management currently estimates sales to commence in Q1-2021.

AgraFlora Organics International Inc. reported Q1-2020 financials. Q1-2020 revenue was $0.37 million (Q1- 2019: nil), marking the company’s first quarter of material revenue generation (Q4-2019: $3,888). Q1-2020 revenue was primarily generated from Farmako (AGRA’s wholly-owned German medical cannabis distributor).

Key Highlights AgraFlora Organics International Inc. (“AgraFlora”, “company”) is a vertically...