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Apex Trader Funding (ATF) - News

How Cannabis Co. Fernway Raised $6M In A Tough Market, Driving 135% YoY Revenue Growth

Fernway, a leading cannabis brand in the Northeastern U.S., has announced strong financial results for Q2 2024 and significant strategic transactions that highlight its rapid growth and market expansion. For the quarter ending June 30, 2024, Fernway reported $10.2 million in wholesale revenue, alongside an estimated annualized retail gross merchandise value (GMV) exceeding $85 million. This marks a notable 135% year-over-year growth, showcasing an accelerated performance compared to Q1 2024. In the previous quarter ending March 31, 2024, the company recorded $7.5 million in wholesale revenue and an annualized retail GMV of $60 million, reflecting a 63% year-over-year increase from Q1 2023. Strategic Transactions Fuel Growth Fernway's growth trajectory has been supported by strategic financial transactions. In April ...