Inner Spirit’s retail franchise model nets first EBITDA profit

August 24, 2020

The company says it hit its first quarter of positive EBITDA with the majority of its 58 Spiritleaf stores franchised out



Inner Spirit Holdings Ltd. (CSE: ISH) says its Spiritleaf retail franchise model helped it reach a new financial milestone during the pandemic.

On Monday, the cannabis retailer reported its first positive earnings before interest, taxes, depreciation, and amortization of $0.5 million for the second quarter ended June 30.

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