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Bullboard - Stock Discussion Forum Planting Hope Co Inc V.MYLK

Alternate Symbol(s):  MYLKF

Consumer Defensive Packaged Foods
The Planting Hope Company Inc. is a Canada-based food technology company focused on leveraging ingredient, formulation and packaging technology to develop sustainable food and beverage solutions. The principal business of the Company is to develop, launch and scale nutritious and sustainable consumer packaged foods and beverages in the natural food products segment of the United States, Canada... see more

TSXV:MYLK - Post Discussion

Planting Hope Co Inc > $MYLK comes out with impressive Q3 results
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Post by partystocker on Dec 02, 2021 11:23am

$MYLK comes out with impressive Q3 results

Newly public plant-based foods manufacturer The Planting Hope Company $MYLK/$MYLK.V has released some impressive Q3 results.


Quarterly revenue is up 300% from Q3 2020 with a quarterly net revenue of $.6 million. Year-to-date net revenue is $1.2 million, up 12% from the same period last year. 


Net loss was $4.6 million in Q3 compared to $.4 million in the previous year. However, this is attributed to the company's growth initiatives and the recent acquisition of Planting Hope Brands LLC. 


$MYLK has carved out a good niche for itself in the plant-based market by offering the first commercial sesame-based milk. Their products boast a higher nutritional value than dairy-based milk, making them a strong competitor in this market.


$MYLK is currently trading at $.69 and the company is valued at $25.03 million. 


https://ceo.ca/@accesswire/planting-hope-reports-q3-2021-financial-results-with
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Planting Hope Co Inc