April 5 (Reuters) - Sunniva Inc SNN.CD :
* SUNNIVA ANNOUNCES RECORD PRELIMINARY Q1 2019 REVENUE OF CAD $14.0 MILLION (USD $10.5 MILLION), REPRESENTING GROWTH OF 169% OVER Q1 2018
* Q1 REVENUE ROSE 169 PERCENT TO C$14 MILLION
* 2019 REVENUE ESTIMATE OF CAD $72-$78 MILLION (USD $55-$60 MILLION) FROM SUNNIVA BRANDED SALES IN CALIFORNIA
* GROSS PROFIT MARGIN FOR Q1 IS EXPECTED TO BE BETWEEN 30-35% DUE TO OPERATIONAL RAMP UP COSTS IN CALIFORNIA
* REITERATES ITS 2019 REVENUE ESTIMATE IN CALIFORNIA THROUGH CPL OF $72-$78 MILLION (USD $55-$60 MILLION)