Dixie Brands Inc (CNSX:DIXI.U) 73 Percent Revenue Increase YOY

Dixie Brands Inc (CNSX:DIXI.U) (OTCMKTS:DXBRF) (FRA:0QV) CEO Chuck Smith is thrilled with the company’s fiscal 2018 report. Dixie increased revenue 73 percent YOY and more than doubled its revenue QOQ. Smith highlights that Dixie’s margins also went up, a sign the company is becoming more efficient. While Dixie’s net loss was over $21 million, Smith emphasizes that most of that amount was non-cash losses attributed to both the acquisition cost of Dixie’s RTO and of converting debt. Smith believes the company’s recent JV with Khiron Life Sciences Corp (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) provides Dixie with a first mover advantage in Latin America and a competitive advantage in Europe. In addition, it gives Dixie the opportunity to bring a growing cosmetics brand, Kuida, to the American market. Smith notes that the Khiron partnership augments Dixie’s already extensive line of products and suggests that Dixie’s low-dose formulation expertise positions the company favourably as the popularity of CBD products increases. ************************ Check out our website: https://midasletter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to our 2nd YouTube Channel - Midas Letter Clips: https://bit.ly/2rtQzgy SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #WeedStocks #MidasLetter