Vibe Reports Third Quarter 2021 Financial Results
Q3 2021 HighlightsVibe same store sales were up 11% from April through September 2021, while California retail sales were down 18% (Source: BDSA Database)Revenue was $7.64 million, compared to $7.24 million in Q3 of 2020Adjusted Gross Margin increased to 32.8%, compared to 30.2% in Q3 2020Positive Adjusted Funds Flow of $0.05 million, compared to $0.37 million in Q3 2020Two new dispensaries (Ukiah and Salinas) to immediately come online once definitive approval date from regulators is...
2021-11-29 8:00 AM EST
Vibe Growth Corporation Uplists to OTCQX Best Market
Sacramento, California--(Newsfile Corp. - October 5, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VIBEF) (the "Company" or "Vibe"), a leading vertically integrated California cannabis enterprise, is pleased to announce that, effective today, its common shares have been approved for trading under the ticker symbol "VIBEF" on the OTCQX® Best Market (the "OTCQX"), a U.S. trading platform operated by the OTC Markets Group, Inc."Upgrading and trading on the OTCQX is an important achievement...
2021-10-05 8:33 AM EDT
Vibe Growth Corporation Bolsters Branding Team
Sacramento, California--(Newsfile Corp. - September 22, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VIBEF) (the "Company" or "Vibe"), a leading vertically integrated California cannabis enterprise, is pleased to announce Mary Ellen Schrock has joined Vibe as a strategic advisor to develop its visionary brand strategy, identity, marketing, and strengthen Vibe's compelling digital experiences.As Vibe's Brand Evangelist, Mary Ellen will determine immediate, actionable steps intended...
2021-09-22 4:04 PM EDT
Vibe Growth Corporation Co-Hosts Industry Event During Hall of Flowers Tradeshow
Sacramento, California--(Newsfile Corp. - September 20, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VIBEF) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce its flagship brand Hype Cannabis Co. ("HYPE") will be co-hosting an exciting industry event during the renowned Hall of Flowers B2B premium cannabis trade show in Santa Rosa, California.The industry event will showcase some of Hype's newest products, introduce its sleek...
2021-09-20 1:20 PM EDT
Vibe Growth to Present at Upcoming Investor Conference
Sacramento, California--(Newsfile Corp. - September 7, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VIBEF) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce that Chief Executive Officer Mark Waldron will be presenting live at the OTC Markets' Cannabis Industry Virtual Investor Conference on Wednesday, September 8, 2021 at 2:00 PM ET.OTC MARKETS - KCSA Cannabis Industry Virtual Investor ConferencePresentation: Wednesday,...
2021-09-07 6:01 PM EDT
Vibe Reports Record Second Quarter 2021 Revenue
2021 Q2 HighlightsRevenue increased 37% compared to the second quarter of 2020Same-store sales in the second quarter increased 39% versus 2020E-commerce orders accounted for 21.6% of transactions in the second quarter of 2021Vibe grows its dispensary portfolio to 7 retail locations with acquisition in Palm SpringsCash position of $12.99 millionSacramento, California--(Newsfile Corp. - August 30, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VIBEF) (the "Company" or "Vibe"), a...
2021-08-30 8:04 AM EDT
Vibe Growth Announces New U.S. Ticker Symbol "VIBEF"
VIBEF"Vibe Growth also announces application for uplisting to OTCQXSacramento, California--(Newsfile Corp. - August 24, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC PINK: VIBEF) (FSE: A061) ("Vibe" or the "Company"), a leading vertically integrated California cannabis enterprise, is pleased to announce that effective today, the Company will commence trading on the OTC Pink market under its new ticker symbol, "VIBEF". The Company will continue to trade on the Canadian...
2021-08-24 7:00 AM EDT
Vibe Growth Announces Closing of Acquisition of 10-Acre Greenhouse Cultivation Site
HIGHLIGHTS:Vibe has completed the purchase of 10 acres of F40 zoned agricultural land in Monterey County, CaliforniaUSD $5.1 million purchase priceVibe has commenced Phase 1 development: Permit application submitted 66,000 square feet of mixed light greenhouse cannabis cultivation footprint13,000 pounds of high potency cannabis flower per annum in Phase 1Estimated construction cost of $3.3 millionEstimated 12 month return on capitalFuture full potential 254,000 square feet of greenhouse...
2021-08-19 7:00 AM EDT
Vibe Growth Announces Further California Cultivation Expansion
HIGHLIGHTS:Vibe has entered into a purchase agreement for 10 acres of F40 zoned agricultural land in Monterey County, CaliforniaUSD $5.1 million purchase price - permit application submitted Phase 1: 66,000 square feet of mixed light greenhouse cannabis cultivation footprint 13,000 pounds of high potency cannabis flower per annum in Phase 1The estimated construction cost of $1.1 million per 22,000 square foot greenhouse Phase 1 construction to begin in 2021Future full potential 254,000 square...
2021-07-21 7:30 AM EDT
Vibe Growth Provides California Cultivation Expansion Update
USD via existing balance sheet or project-based loanSacramento, California--(Newsfile Corp. -...
2021-06-24 4:30 PM EDT
Vibe Reports Record First Quarter 2021 Revenue and Positive Net Income
2021 Q1 Highlights:Revenue increased 75% compared to the first quarter of 2020Positive After Tax Net Income in the first quarter of 2021 Same store sales increased 35% versus 2020Company continued to expand store footprintCompleted a $16 million (CAD) equity financingCash position of $13.4 millionSacramento, California--(Newsfile Corp. - May 27, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis...
2021-05-27 7:30 AM EDT
Vibe Expands to Massachusetts Market
Highlights:Vibe receives Phase 2 approval from the City of Springfield, MA Vibe to commence HCA approval processVibe to build 47,000 sq. ft. cannabis cultivation facilitySacramento, California--(Newsfile Corp. - May 14, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated cannabis enterprise, is pleased to announce that an entity controlled by Vibe, Page Cultivate LLC, has received Phase 2 approval from the City of...
2021-05-14 7:30 AM EDT
Vibe Growth Corporation Announces Closing of Palm Springs Dispensary Acquisition
Sacramento, California--(Newsfile Corp. - May 4, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce the closing of its Desert Organic Solutions Collective, Palm Springs dispensary acquisition, previously announced on April 7, 2021. The Palm Springs location will represent Vibe's seventh cannabis dispensary, adding to a portfolio that also includes California locations in...
2021-05-04 8:00 AM EDT
Vibe Reports Record Revenue in 2020 and Record Net Income
2020 HighlightsRevenue increased 92% compared to 20194th Quarter gross margin increased to 38.5% from 29.4% in 2019Vibe achieved record revenue, EBITDA, adjusted funds flow, and net income in 2020Positive After Tax Net Income in 2020 Same Store Sales increased 41% versus 2019Vibe continued to expand its store footprint and cultivation capacitySacramento, California--(Newsfile Corp. - April 19, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a...
2021-04-19 6:11 PM EDT
Vibe Growth Furthers Expansion with Acquisition of Palm Springs, California Dispensary
Sacramento, California--(Newsfile Corp. - April 7, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC PINK: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce that it has entered into a definitive agreement to purchase Desert Organic Solutions Collective ("Desert Organics"), located in Palm Springs, California.Under the terms of the acquisition, Vibe will purchase the assets, inventory, and lease for the 2,838 square foot...
2021-04-07 7:59 AM EDT
Vibe Growth Corporation Announces the Engagement of Investor Relations Consultant
Sacramento, California--(Newsfile Corp. - March 19, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC PINK: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce that it has entered into a consulting agreement with Venture North Capital Inc. ("Venture North") to provide investor relations, strategic marketing, and business consulting services. Venture North is a Toronto based capital markets consulting firm specializing in...
2021-03-19 8:00 AM EDT
Vibe Growth Corporation Announces Further Expansion of California Dispensary Portfolio
Sacramento, California--(Newsfile Corp. - March 18, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, is pleased to announce that it has entered into a lease agreement for a commercial property (the "Property") in metro Salinas, California, entitled by Monterey County to allow for a retail cannabis dispensary. Vibe anticipates its newest dispensary will open in the third quarter of 2021, once...
2021-03-18 8:00 AM EDT
Vibe Announces Closing of $2.1 Million Non-Brokered Private Placement
Sacramento, California--(Newsfile Corp. - March 16, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated cannabis enterprise, is pleased to announce that it has completed its previously announced non-brokered private placement (the "Offering") of 2,626,500 units of the Company (the "Units") at a price of $0.82 per Unit (the "Offering Price") for aggregate gross proceeds of $2,153,730. Together with the completion of the...
2021-03-16 6:27 PM EDT
Vibe Announces Closing of $13.8 Million Upsized and Oversubscribed Bought Deal Private Placement
Sacramento, California--(Newsfile Corp. - March 16, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated cannabis enterprise, is pleased to announce that it has closed its previously announced upsized and oversubscribed "bought deal" private placement (the "Offering") of 16,830,250 units of the Company (the "Units") at a price of $0.82 per Unit (the "Offering Price") for aggregate gross proceeds of $13,800,805. Each Unit...
2021-03-16 11:11 AM EDT
Vibe Growth Corporation Announces Nationwide Release of Proprietary CBD Spray on Vibe e-Commerce Platform
Sacramento, California--(Newsfile Corp. - February 19, 2021) - Vibe Growth Corporation (CSE: VIBE) (OTC: VBSCF) (FSE: A061) (the "Company" or "Vibe"), a vertically integrated cannabis enterprise and CBD e-tailer, announces the immediate release of its proprietary full-spectrum, nano-emulsified cannabidiol oral spray ("CBD Spray"), formulated to support exercise recovery and pain relief. Vibe's Citrus Mint Oral CBD is now available for nationwide sale across the United States through...
2021-02-19 8:53 AM EST