OTCQB:CANB - Post Discussion
Can B Corp
> Can B Corp Strong Gross Margin of 84%
Post by
AveragePenny on Apr 14, 2021 2:41pm
Can B Corp Strong Gross Margin of 84%
https://finance.yahoo.com/news/b-corp-announces-full-2020-100000887.html
Key Recent Highlights:
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Closed $2.8 million debt financing from an institutional investor, enabling the pay off and elimination of all prior outstanding convertible notes without penalty
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Tripled production with the installation of new high-speed equipment to expand production at its Pure Health Products facility in Lacey, Washington
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Raised a total of $4.0 million in equity with ongoing Reg A offering
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Cash balance of $1.7 million, as of April 2021
Financial Highlights for the Year Ended December 31, 2020 vs. 2019:
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Gross Profit Increased from 74% in 2019 to 84% in 2020 a 10% Increase
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Operating Expenses Decreased $1.8 million a 24% Decrease
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Operating Loss Decreased $1.5 million a 26% Decrease
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Cash balance of $0.5 million
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