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Forte Group Holdings Inc C.FGH

Alternate Symbol(s):  FGHFF

Forte Group Holdings Inc., formerly BevCanna Enterprises Inc., is a diversified lifestyle and wellness consumer packaged goods company. The Company, through its subsidiaries, is focused on developing, manufacturing and distributing lifestyle and wellness consumer packaged goods for in-house brands and white-label clients via a multichannel sales network. Its segments include Conventional Beverage and Ecommerce. It offers alkaline and mineralized beverages and supplements. It owns and operates around 40,000 square feet beverage manufacturing plant. It owns a naturally alkaline spring water aquifer located on site. It manufactures and markets the TRACE brand of Blackwater and alkaline waters, concentrates and shots to retailers and online across Canada. It plans to sell a range of nutraceutical health products on its e-commerce platform in the United States. The product segments cover life longevity, heart health, sleep health, brain support, general wellness and natural slimming.


CSE:FGH - Post by User

Post by shnepson Jul 03, 2021 8:53am
142 Views
Post# 33489374

Bottled Water Business

Bottled Water BusinessTHE ALKALINE WATER COMPANY REPORTS RECORD REVENUE OF $46(USD) MILLION FOR FISCAL YEAR 2021 The Alkaline Water Company Inc. has released record results for the full fiscal year ending March 31, 2021, with revenue of $46-million. "Fiscal 2021 was another record year for The Alkaline Water Company continuing our streak of never having a down or a flat year," said Richard A. Wright, president and chief executive officer of The Alkaline Water Company. "Our employees and business partners rose to the occasion throughout last year and we have seen significant sales acceleration into fiscal 2022. We delivered to our customers and consumers when they needed us most. The trust and appreciation we earned from our strong performance throughout the pandemic allowed us to continue to see more organic and new-store growth, and an expanding presence in more key channels. Our guidance for the full fiscal year 2022 is $62-million which would represent year-over-year growth of 35 per cent." Fiscal 2021 full year financial overview (all amounts in United States dollars)(unaudited) Record revenue of approximately $46-million, an increase of approximately 20 per cent over fiscal 2020; Compound annual growth rate of 52 per cent for revenue since fiscal 2015; Cost of goods sold equal to approximately $29.6-million, a 17-per-cent increase over $25-million in fiscal 2020; Gross profit of approximately $16.4-million, a 25-per-cent increase over $13.1-million in fiscal 2020; Net loss of $16.4-million compared with $14.8-million in fiscal 2020; Earnings per share: (24 cents); Cash or cash equivalents of $9,130,956.
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