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Bullboard - Stock Discussion Forum Body and Mind Inc C.BAMM

Alternate Symbol(s):  BMMJ

Body and Mind Inc. is a Canada-based operations-focused cannabis company with active retail operations in Arkansas, Illinois and California, pending retail operations in New Jersey, and craft cultivation operations in Arkansas. The Company's segments include Wholesale, Retail and All others. The Company's products include flowers, pre rolls and hemp blunts, concentrates, carts and vapes, and... see more

CSE:BAMM - Post Discussion

Body and Mind Inc > Q3 FY2021 Financial Summary:
View:
Post by chipper63 on Jun 22, 2021 12:10pm

Q3 FY2021 Financial Summary:

  • Reported Q3 FY2021 revenue of $7.16 million, a 13% increase over Q2 FY2021 ($6.32 million), and a 580% increase over Q3 FY2020 ($1.05 million);
  • Gross profit of $4.27 million, an increase in excess of 55% over Q2 FY2021 ($2.74 million);
  • Net Operating Income of $0.71 million, an increase of 268% over Q2 FY2021 ($0.19 million);
  • Net Loss of $ 0.25 million, an improvement of $0.90 million over Q2 FY2021 ($1.15 million net loss)
  • Positive Adjusted EBITDA of $1.54 million*, an improvement of 133% over Q2 FY2021 ($0.66 million);
  • Cash used in operating activities was $0.02 million for the nine months ended April 30, 2021 compared to $0.11 million for the six month period ended April 30, 2021, which indicates the Company was cash flow positive for the three month period ended April 30, 2021
  • Inventory of $3.52 million as of April 30, 2021;
  • At April 30, 2021, BaM had $1.32 million in cash and a working capital surplus of $1.96 million;
  • Total Assets were $42.21 million and Total Liabilities were $9.41 million at April 30, 2021;
  • 109,077,778 common shares were issued and outstanding as of April 30, 2021 (109,077,778 as of June 21, 2021).
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