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Hempfusion Wellness Inc CBDHF

Consumer Defensive Healthcare Household & Personal Products Drug Manufacturers - Specialty & Generic Cannabis
HempFusion Wellness Inc is a health and wellness supplement company. The company manufactures, markets, and sells Hemp-based CBD and probiotic products.


GREY:CBDHF - Post by User

Hempfusion Wellness Inc
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Post by waves1on Dec 23, 2021 5:36pm
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Post# 34259479

$CBD.u Q3 2021 Financial Results

$CBD.u Q3 2021 Financial ResultsLast month, HempFusion Wellness ($CBD.u $CBDHF) reported its 2021 Q3 financial results, highlights include:
  • Net revenue of $3.1M, increase of 155% from Q3 2020
  • DTC eCommerce sales of almost $1M, increase of 190% from Q2 2021
  • B2B net revenue of $2.2M, increase 140% from Q2 2021
  • Gross profit was $1.3M
  • $5.4M cash position at end of quarter

Business highlights:
  • Completed acquisitions of Sagely and Apothecanna, expanding the distribution footprint to over 15,000 locations
  • Launched EU compliant Probulin Products
  • Launched CBD Gummy line in a market that is expected to hit $500M in sales in 2021


These are strong results for $CBD.u to be reporting and they're expected to continue into 2022 which I'm looking forward to.
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/hempfusion-reports-strong-q3-2021-financial-results
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