EastWest Bioscience Inc V.EAST.H

Financial results

[SuperMoney]

The following highlights are mainly quoted from the MD&A:

(1) The Company recognized total revenues of $1,752,025, including other operating revenue, for the year ended July 31, 2019 as compared to $198,777 for the year ended July 31, 2018, (increased by 781%). (Page 16)

(2) EastWest anticipates that its distribution sales to continue to ramp up. Purity Life, Canada's largest natural health product distributor, has selected pet treats Slim'Dog and Calm'Cat, both of which contain a ground-breaking hemp- and cricket-based formula for pets, as the first pet treats to be carried under the Purity Life banner. (Page 12)

(3) EastWest continues to grow its Consumer Products Group (“CPG”) side of the business. EastWest’s four original, uniquely blended, hemp health supplements saw incremental distribution with many independent and regional chains throughout Canada. The Company’s strategy has been to prove the concept of new product launches in traditional health and wellness stores. With sales growing month over month, the Company is working with larger grocery banners and drug chains developing a plan for calendar 2019. In fiscal Q3, the Company is ramping up the sales of its premium granola-style hemp seed and fruit snack bars under its Earth’s Menu food product brand. Launched in late Q1, Chewy Goodness, Unapologetically Delicious snack bars have been formulated in three delicious and nutritious flavours – Omega Apple, Omega Cranberry and Blueberry Raisin – all Kosher and Peanut free. The first products were shipped with retail purchase orders already in the pipeline. The responses from end customers and retailers have been excellent and the Company is working to add further distribution channels to place these delicious products into the hands of consumers. (Page 12)

(4)  By the end of calendar 2019, EastWest will have around 30 CPG products covering five unique categories within stores. In addition, EastWest has future plans to launch products infused with CBD for both human and pet consumption (pending receiving all appropriate licensing, TSXV, and regulatory approvals). (Page 13)

(5) CANADIAN EXPANSION: EastWest Bioscience announces that it has signed a Letter of Intent for a Joint Venture with Benchmark Botanics Inc. (“Benchmark”) for the purposes of Cannabis Act licensing, joint product development, and product distribution to national and international markets. EastWest and Benchmark are excited to be aligning their Canadian businesses across multiple stages of the product life cycle. A period of negotiation and exchange of information has continued as the two parties are finalizing the terms of the Joint Venture. (Page 13-14)

(6) USA EXPANSION: The Company has started production of CBD infused Chill Dog and Quick Cat for the US Market. +CBD Chill Dog and +CBD Quick Cat will be sold through the company’s Kentucky based distribution arm, EastWest Science USA. The products are currently in production and scheduled to be available in the year 2020. EastWest is working with distributors in the US for product launch pre-orders. (Page 13)

Please read the MD&A at:

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00038448
 

(Disclaimer: This is only the information I have read as well as my personal opinion based on my understanding. It is NOT any investment advice. Do your own DD.)

Previous News:

(1) December 18, 2019

EastWest Bioscience announces that it has entered a share purchase agreement with Darryl Sangster, Aquila Health Corp. and Sangster's Real Estate Corp. (collectively, the "Sangster Parties") for the purchase of shares of 1123573BC Ltd. ("573") and Orchard Valley Naturals Inc..

https://web.tmxmoney.com/article.php?newsid=8937536236510908&qm_symbol=EAST
 

(2) November 27, 2019

EastWest Bioscience Continues Expansion into the US market with the Construction on its CBD Processing and Bottling Line Nearing Completion

https://web.tmxmoney.com/article.php?newsid=4571809802835284&qm_symbol=EAST
 

(3) Wednesday, November 6, 2019

InnerScope Hearing Technologies Inc. Establishes a Distribution, Warehousing, and Manufacturing Agreement in Canada and the United States wyith EASTWEST BIOSCIENCE INC.:

https://web.tmxmoney.com/article.php?newsid=4963111773390485&qm_symbol=EAST
 

(4) Wednesday, October 30, 2019

EastWest Bioscience Continues Expansion in US with Its First Production Run of CBD Pet Products:

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aEAST-2825420&symbol=EAST&region=C

(5) The company’s Deck is here:

https://www.eastwestbioscience.com/wp-content/uploads/2019/06/EastWest_Bioscience_Investor_Deck.pdf

(6) Tuesday, September 10, 2019

EastWest Bioscience Signs Distribution and Broker Deal with Rise North America Based in the United States:

https://web.tmxmoney.com/article.php?newsid=7982039684847953&qm_symbol=EAST

(7) Thursday, September 5, 2019

EastWest Science USA secures supply of organic CBD:

https://web.tmxmoney.com/article.php?newsid=7712409307498280&qm_symbol=EAST

(8) Thursday, August 15, 2019

EastWest Bioscience to Enter the People's Republic of China with Its Full Line of Hemp-Based Products:

https://web.tmxmoney.com/article.php?newsid=7302971490131866&qm_symbol=EAST

(9) Thursday, August 1, 2019

EastWest Bioscience Signs Letter of Intent with Pet Tonics:

https://web.tmxmoney.com/article.php?newsid=7107544760442013&qm_symbol=EAST

(10) Thursday, June 27, 2019

EastWest Science USA Signs Mutual US Distribution Agreement with CBD Manufacturer GM Health Wholesale:

https://web.tmxmoney.com/article.php?newsid=4734177862724476&qm_symbol=EAST

(11) Tuesday, June 25, 2019

EastWest Bioscience Starts Production of CBD Pet Treats for the US Market:

https://web.tmxmoney.com/article.php?newsid=4786838535208688&qm_symbol=EAST

(12)  Monday, June 24, 2019

EastWest Bioscience Continues Expansion in Western Canada Through Avafina Pet Products:

https://web.tmxmoney.com/article.php?newsid=5157653251215317&qm_symbol=EAST

Major Brands:
 

(1) Sangsters

Sangster's is an award winning, Canadian, natural health retail franchise system with over 40 years in the Health & Wellness industry.

https://sangsters.com/
 

(2) Earth’s Menu

Earth’s Menu offers delicious and nutritionally dense hemp food products to support health and well-being.

https://www.eastwestscience.com/earths-menu/
 

(3) Natural Advancement

Natural Advancement is a Canadian pioneer in premium hemp health supplements and is the first brand in Canada to bring the health benefits of hemp to consumers through a natural health supplement.

https://naturaladvancement.com/buy-products
 

(4) ChanvreHemp

ChanvreHemp brings hemp’s health benefits to consumers through sophisticated and natural, hair care, skin care and body care products that focus on pure and clean ingredients for consumers.

https://chanvrehemp.com/
 

(5) Natural Pet Science

Natural Pet Science offers premium pet products that incorporate hemp, crickets and other earth-sourced ingredients for natural pet health support and gives pet owners safe and wholesome products for their pet’s best care.

https://naturalpetscience.com/

(Disclaimer: this is only the information I have read. It is NOT any investment advice. Do your own DD.)

[OneTwoOneTwo]

Net loss of $1.7M on the year. JV with Benchmark is still on yet EAST is calling them illegal. More BS SKUs and nearly $1M in 'consulting' fees over the last quarter to Rod and crew. Wonder why this company stinks? How many changes are listed from previous PRs? Still the same game. Keep losing your money folks. Great work Rod. lol

[SuperMoney]

The following highlights are mainly quoted from the MD&A: (1) The Company recognized total revenues of $1,752,025, including other operating revenue, for the year ended July 31, 2019 as compared to $198,777 for the year ended July 31, 2018, (increased by 781%). (Page 16) (2) EastWest anticipates that its distribution sales to continue to ramp up. Purity Life, Canada's largest

[SuperMoney]

The current trading at all markets looks good. Please check it at: https://www.stockwatch.com/Quote/Detail.aspx?C:EAST --------------------------------------- The following highlights are mainly quoted from the MD&A: (1) The Company recognized total revenues of $1,752,025, including other operating revenue, for the year ended July 31, 2019 as compared to $198,777 for the year ended

[SuperMoney]

January 31, 2020 EastWest Files Audited 2019 Annual Financial Statements and Provides Fifth Status Report Regarding Management Cease-Trade Order. "The preparation of the Quarter One Financial Statements is progress and the Corporation expects to file the 2020 Quarter One Filings on or before February 7, 2020." Please read the news at: https://web.tmxmoney.com/article.php