Q3 results and md$aI'm surprised we didn't get NR re. Q3 financials and some corporate update - it actually looks pretty promising. The sale of Las Vegas, Nevada facility is still on and is about to close within a month:
"The Company has also entered into a definitive sales agreement to sell its property and licenses located in Las Vegas, Nevada. Net proceeds, after the repayment of the Company’s shortterm loan, would be approximately $4,000,000 CAD. The sale is expected to close by end of year 2021 upon approval by the state’s regulatory authorities. Approval was received by authorities on November 16, 2021. Due to the delay in closing this sale, the Company had to extend its shortterm loan by six months. It is now due in March 2022"
The company has reported its best quarter yet as well with the revenue over half a million usd:
"The third quarter of 2021 was focused on improving the Company’s ecommerce sales platform and scaling operations to support sales. The Company has been working with marketing groups to support these efforts through a cost per acquisition sales model. Both of these goals were successfully achieved as the Company had its best quarter yet with approximately $568,000 in revenue during the three months ended September 30, 2021 ($847,000 in the nine months ended September 30, 2021). The Company also saw a healthy gross margin of 67% at the end of Q3. Inventory build out continued, and the Company started its own inhouse fulfillment, which dramatically reduced costs and increased margin. The Company’s margin doubled between Q2 and Q3 2021, which was expected with the addition of inhouse fulfillment. The Company is exploring different customer service options as well in an attempt to reduce costs and increase margin."