GREY:CBDHF - Post Discussion
Post by
waves1 on Dec 23, 2021 5:36pm
$CBD.u Q3 2021 Financial Results
Last month, HempFusion Wellness ($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
Be the first to comment on this post