RE:It took 2 years and money to develop CELLF and Roilty it's shame you're not bright enough to think on your own, understand math, financials or business. Reposting fluff like it's gospel is embarrassing. Where's all this labs and roilty revenue? They still have no ability to become breakeven in the foreseeable future.
whisky11 wrote:
Cash and cash equivalents were $9.2 million as of February 28, 2022, compared to $12.7 million as of November 30, 2021.
Inventories increased to $6.4 million at February 28, 2022 compared to $5.4 million at November 30, 2021, mainly due to new inventory purchased for CannMart Labs and Mikra, both which started their own production in Q1 2022.
Net cash used in operations was $3.4 million in Q1 2022 compared to $2.5 million in Q1 2021. The increase was largely due to investments in emerging businesses including CannMart Labs and Mikra.