Liberty Health Sciences Inc (OTCMKTS: LHSIF) (CSE: LHS) has been busy in recent weeks announcing it plans to open two new dispensaries in Miami and Dania Beach by the end of November and three more in Hollywood, Bonita Springs and Orange Park by the end of this December. Each of the dispensaries will feature free 24-hour delivery service throughout their service area.
This comes shortly after the Company opened three new Cannabis Education Center (CEC) dispensaries in Winter Haven, FL; Palm Harbor, FL, and Merritt Island, FL featuring free 24-hour delivery service throughout Florida. Opening for the Palm Harbor and Merritt Island locations are subject to DOH approval.
Liberty Health Sciences is the cannabis provider committed to providing a trusted, high quality cannabis experience based on our genuine care for all cannabis users and a focus on operational excellence from seed to sale and beyond. Liberty’s measured approach to expansion opportunities maximizes returns to shareholders, while keeping consumers’ well-being at the forefront of what we do. By the end of the calendar year, Liberty plans to have 12 dispensaries open throughout the state, subject to the receipt of Florida Department of Health approvals.
Liberty’s dispensaries offer pharmaceutical-grade cannabis products along with educational tools and compassionate one-on-one consultations geared towards informing customers on medical cannabis use. Early next year Liberty expects to boost its total cultivation space to 225,000 square feet at its Liberty 360° Innovation Campus in Gainesville, Fl. The Company also plans to add more than 25,000 square feet to house processing and packaging, a patient call center, and all support services. The Company employs more than 150 people in the state.
Last month the Company was awarded a Processor provisional license by the Ohio Department of Commerce. Liberty, along with their Ohio-based joint venture partner, the Schottenstein Group, will work on securing a Certificate of Operation over the next several months. The Processor provisional license follows the awarding of the Provisional dispensary license in June 2018 in the city of Dayton. Liberty owns 50.1% of both the Processor provisional license and the Provisional dispensary license with the Schottenstein Group owning the remaining 49.9%.
Liberty’s sales are growing fast; the Company recently reported revenues of $2,219,290 for the 3 months ended August 30, 2018 up from just $47k for the same period last year. The Company has $26 million in the treasury.
Liberty currently processes a full range of products in their Florida operations ranging from tinctures to capsules and where it has established a track record for consistent high quality product for medical patients. Liberty will bring these same methods to Ohio and products to the extent that they are allowed for under the Ohio regulations.
CEO George Scorsis stated “Liberty is now expanding exponentially and has become a formidable player in the Florida market. As we expand our footprint, we remain laser focused on the customer experience. We always place the customer at the forefront of everything we do – from growing and cultivating cannabis, to processing, extraction and developing branded cannabis-related products – the customer always comes first. We control our entire supply chain, from seed to sale and beyond.”
Currently trading at a $352 million market valuation Liberty Health has a war chest of $26 million in the treasury and fast rising sales reporting revenues of $2,219,290 for the 3 months ended August 30, 2018 up from just $47k for the same period last year. Liberty Health is one exciting Company making waves in the booming cannabis space currently in expansion mode with plans to have 12 dispensaries open throughout the state and to boost its total cultivation space to 225,000 square feet by the end of this year
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Disclosure: we hold no position in Liberty Health either long or short and we have not been compensated for this article.