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Vibe Growth Corporation - VIBEF STOCK NEWS

Welcome to our dedicated page for Vibe Growth Corporation news (Ticker: VIBEF), a resource for investors and traders seeking the latest updates and insights on Vibe Growth Corporation stock.

Vibe Growth Corporation (VIBEF) operates as a vertically integrated cannabis enterprise with California-based cultivation, retail dispensaries, and e-commerce operations. This page aggregates official announcements and market developments for investors tracking the company's strategic positioning in the evolving cannabis sector.

Access comprehensive updates spanning operational milestones, regulatory compliance achievements, and product portfolio expansions. Our curated collection includes earnings reports, facility expansions, leadership updates, and market analysis relevant to VIBEF's integrated business model.

Key news categories cover cultivation capacity updates, retail network developments, compliance initiatives, and branded product launches. Users can monitor how the company navigates California's competitive cannabis landscape through its controlled supply chain and quality-focused operations.

Bookmark this page for streamlined access to verified VIBEF developments. Combine our news repository with SEC filings and market data for complete due diligence on this vertically integrated cannabis operator.

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Vibe Growth (CSE: VIBE) (OTCQB: VIBEF) (FSE: A061) has announced a proposed consolidation of its common shares. The plan involves issuing one post-consolidation share for every ten pre-consolidation shares. This will reduce the number of outstanding shares from 107,970,271 to approximately 10,797,027, subject to rounding. No fractional shares will be issued or compensated in cash. Shareholders must submit their pre-consolidation share certificates to Odyssey Trust Company for processing. New CUSIP and ISIN numbers will be released in a subsequent announcement. The consolidation aims to enhance the trading of Vibe Growth's shares and is pending approval from the Canadian Securities Exchange (CSE).

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Vibe Growth Corporation (CSE: VIBE) (OTCQB: VIBEF) has released its 2023 third quarter financial results, reporting a cash position of $2.8 million, an increase in dispensary gross margin to 49.7%, EBITDA and Adjusted EBITDA of $1,170,807 and $281,672, and revenues of $3.39 million for the third quarter of 2023. However, there was an 8.1% decrease in revenues compared to the second quarter of 2023.
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Vibe Growth Corporation announces financial results for Q2 2023, with total revenue of $3.69M and net loss of $1.4M. Dispensary sales decline by 7.75%. Average basket size increases to $41.18. Adjusted EBITDA loss improves by $2.1M. CEO expects improved profitability in H2 2023.
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Vibe Growth Corporation (CSE:VIBE, OTCQX:VIBEF) announces its participation in the SNN Network Canada Virtual Event from December 7-9, 2021. CEO Mark Waldron will discuss the company's retail, cultivation, and brand expansion strategies in California's cannabis market. This live event allows real-time investor questions, with an archived presentation available for later viewing. Those interested can register for the event at this link. The presentation is scheduled for December 9 at 1:30 PM ET.

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OTC Markets Group Inc. has welcomed Vibe Growth Corporation to the OTCQX Best Market, upgrading from the Pink market. Vibe Growth Corporation, a vertically integrated cannabis company, begins trading under the symbol VIBEF. The upgrade aims to enhance trading access for U.S. investors and aligns with the company’s growth strategy in the cannabis sector. Companies listed on OTCQX must meet high financial standards and follow corporate governance best practices. This move allows Vibe to reach more investors in the U.S. and Canada, tapping into the expanding California cannabis market.

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Vibe Growth Corporation

OTC:VIBEF

VIBEF Rankings

VIBEF Stock Data

431.88k
6.82M
36.84%
0.55%
Drug Manufacturers - Specialty & Generic
Healthcare
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United States
Sacramento