Bullboard - Stock Discussion Forum Can B Corp CANB

Can B Corp. is a health and wellness company. The Company is engaged in developing, manufacturing, and selling products containing cannabinoids derived from hemp biomass and the licensing of durable medical devices. Its products include oils, creams, moisturizers, isolates, gel caps, spa products, and concentrates and lifestyle products. It develops its own line of proprietary products, as well... see more

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Can B Corp > Can B Corp. Reports First Quarter Revenue Growth of 606%

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Post by AveragePenny on May 18, 2022 12:08pm

Can B Corp. Reports First Quarter Revenue Growth of 606%

Key Financial Highlights for Q1 2022

Revenue increased 606% to $1.9 million
Gross profit increased 291% to $0.7 million
Adjusted EBITDA loss decreased 30% to $0.9 million
Total assets increased to $17.0 million
Total stockholders’ equity increased to $6.2 million

Key Business Highlights for Q1 2022

Solidified and integrated vertical processing capabilities from recent acquisitions
Advanced build-out of first CBD lounge in Miami, Florida
Continuing path for potential NASDAQ up-listing

https://www.globenewswire.com/news-release/2022/05/18/2445760/0/en/Can-B-Corp-Reports-First-Quarter-Revenue-Growth-of-606-to-1-9-Million-the-Highest-Quarterly-Revenue-in-Company-History.html