Flower One Holdings Inc.(OTCQB:FLOOF) (CSE:FONE)(FSE:F11), released its financial and operating results for the second quarter ended June 30, 2022, revealingrevenue of $7.9million, adecrease of 56%compared to $18.3 million in Q2 2021.
Nevada's cannabis market continues to be harshly affected by the ongoing impact of the pandemic, and athriving illicit market, which has resulted in price compression and decreased statewide cannabis sales. While tourism has continued to slowly rebound to pre-pandemic levels, visitor counts still remain far below expectations as a direct result of the reduction in conferences, corporate, and international travel.
Q2 2022 Financial Highlights
Gross profit...
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