Kiaro’s Recent Acquisition of Hemisphere Cannabis Is Expected to Create $43M In Revenue and $13.7M In Gross Profit

Kiaro Holdings is an multi-channel cannabis retailer and distributor with existing storefronts across British Columbia , Saskatchewan and Ontario, a wholesale distribution servicing Saskatchewan and ecommerce sites in Canada , the US and Australia, which have resulted in the following:

• ANNUAL REVENUE $17.1M Up 230%
• ANNUAL GROSS PROFIT $5.1M Up 281%
• Q2 REVENUE $6.19M Up 55% vs Q2 in prior year
• Q2 GROSS PROFIT $1.68M Up 35% vs Q2 in prior year

But CEO Daniel Petrov and his team of retail winners haven’t stopped there. On July 13th, $KO announced Kiaro Acquires Hemisphere Cannabis and Adds 7 Retail and 2 Development Locations in Ontario To Become a Prominent National Cannabis Retailer with Forecasted Annual Revenues of $42.7 Million.

The deal has now closed.

The Hemisphere portfolio adds to Kiaro's cash generating assets while providing the scale to achieve EBITDA positive returns in the next 12 months.

Sit back, relax and watch this powerful interview with Daniel Petrov, Chief Executive Officer of Kiaro AND…. Steven Pelton , President and CEO of Aegis Brands Inc.