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Bullboard - Stock Discussion Forum MTL Cannabis Corp C.MTLC

Alternate Symbol(s):  MTLNF

MTL Cannabis Corp., formerly Canada House Cannabis Group Inc., is a Canada-based company, which is focused on crafting cannabis products, including lines of dried flower, pre-rolls and hash marketed. It uses hydroponic growing methodologies supported by handcrafted techniques to produce products that are crafted for the masses. It has also developed a number of export channels for bulk and... see more

CSE:MTLC - Post Discussion

MTL Cannabis Corp > Revenue is increasing substantially
View:
Post by Gmoney$ on Dec 29, 2020 12:32pm

Revenue is increasing substantially

Revenue for the three and six months ending October 31, 2020 was $2,263,000 and $4,790,000 an increase of $972,000 and $2,209,000 or 75% and 86% compared to $1,291,000 and $2,581,000 for the same periods in the prior year.

Also...

Net cash used in operating activities for the six months ending October 31, 2020 was $2,688 compared to $2,810 for the same period in the prior year.

So where is this huge burn you guys keep talking about? 
Comment by Bogart99 on Dec 31, 2020 10:26am
As others have pointed out press releases claiming events that never happened, I look at the past financial disclosures by this company and I find they are opaque about what inventory is on hand, how much sold, etc. Even with the latest financials, they are still not profitable.   Finally, please note the following disclaimer on their latest financial report: "The Company’s ...more  
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