Home Financial Markets Penny Stocks VIVO Cannabis (VVCIF) Focused On Expansion Strategy, Stock Improved By 4.20%

VIVO Cannabis (VVCIF) Focused On Expansion Strategy, Stock Improved By 4.20%

For VIVO Cannabis Inc. [OTC: VVCIF], it was a good performance at the previous close, with a gain of 4.2% to $0.2256. Trading volume reached 1.51 million shares on Friday versus an average daily volume of 1.13 million. During the last 52 week period, the stock fluctuated in value between $0.0859 and $0.3256.

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What does the company do?

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VIVO Cannabis Inc. is involved in the business of harvesting, processing, and selling cannabis products for medical and recreational purposes in the Canadian, German, and Australian markets. The company sells many cannabis-based products, from dried cannabis flower to pre-rolls and cannabis oils under its several brands including ABcann Medicinals, Beacon Medical, Lumina Wellness, Canna Farms, Canadian Bud Collection, and Fireside Cannabis.

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The company also operates a medical cannabis clinic network known as Harvest Medicine. Based in Napanee, Canada, the company sells cannabis to customers directly, in addition, to retails sales as well as the offering of a medical cannabis service online.

Recent Developments:

Last month VVCIF announced its foray into Quebec’s market with its products, including the province’s first cannabis kief, Canna Farms BC Kief. VIVO is working in partnership with provincially-oriented logistic partners to expedite orders to meet demand in-store and online, and can now deliver Canna Farms BC Kief in Quebec.

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It also gave an update on its adult-use cannabis products that are already available in Canada. With a combined market share of 38% in the category at Ontario retail stores, Canna Farms and Fireside-X are among the top five leading concentrates brands, said the company. VIVO also launched its FiresideTM Blaze vaporizer cartridge with ultra-high THC content to Canadian consumers.

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