The Planting Hope Co. ($MYLK.v) recently shared its Q1 2022 financial results which showed significant increases in its growth trajectory.
Revenues increased 291% YoY to $2.5M, which is 95% of the total 2021 revenues. Plus from Q4 2021 revenue increased 605%.
The main drivers of these increased revenues include:
-RightRice brand acquisition and sales of RightRice products.
-Retail launch of $MYLK's Sesamemilk at Kroger and other regional retailers
- Expanding distribution of $MYLK's Barista Blend Seasamemilk in the US and Canada
- & more
$MYLK also has a cash balance $4M as of March 31.
Full financials here: https://ca.finance.yahoo.com/news/planting-hope-reports-record-quarter-112500321.html
$MYLK @ $0.64
MC $30.56M