## Vibe By California: A Stalwart in the Growing Cannabis Marketplace
### A Solid Start to 2021: Strategic Growth and Expansion
Entering 2021, Vibe By California, a well-regarded vertically integrated cannabis company, has shown commendable progress amidst a burgeoning market.With revenue climbing by 75% in the first quarter compared to the same period in the previous year, Vibe is strategically poised for expansion. This remarkable growth owes much to increased sales volumes across its Californian retail outlets—a testament to their effective operational strategy.
For detailed company analyses and financial statements for Q1 2021 ending March 31st,readers can refer to [Vibe’s consolidated reports](https://www.vibebycalifornia.com).### CEO Insights: Steadfast Leadership and Visionary Expansion Plans
Mark Waldron, CEO of Vibe Growth Corporation, highlighted the positive outcomes achieved during this period: ”The sustained profitability indicates our robust strategic planning and execution aimed at expanding our retail presence across California.” With plans underway for new stores in Palm Springs, Ukiah, and Salinas alongside an indoor cultivation venture in Sacramento—the mindset of constant improvement is tangible.
Furthermore, while keeping an eye on new horizons such as Massachusetts—where they plan a substantial facility build-out—the company’s dedication remains rooted firmly within its home state as they capitalize on existing momentum.
### Financial Performance Overview
#### Key Metrics (Q1 2021):
– Total Revenue surged to $7.54 million.
– EBITDA saw notable growth from $0.25 million last year’s quarter one figures jumping significantly now around $0.83 million.
– After-tax net income registered positivity reaching US$68k overcoming losses previously recorded such efforts are manifesting rewards demonstrably better than prior benchmarks set against them showing resilience throughout shifts experienced economically statewide due partially toward heightened favorable conditions influencing demand patterns thus multichannel engagement including e-commerce leveraging played important roles achieving these numbers conclusively solidifying brand stature acknowledging consumer trust relationships had therein been fostered longstanding repeatedly clean seamless transactions directly enabled extra broadened accessibility enhancing interaction further cementing reputation known recognized highly among peers respected competitors alike especially within local circulating trading grounds accordingly presiding globally distinctive caliber rivals fulfilling aspirations established outwardly publicized ambitiously ventures aiming higher never settling less 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