Working capital position of $13.0 million at quarter end remains strong.
CannMart is now approved for the sale of cannabis and cannabis-derived products from provincial and territorial bodies in Ontario, Alberta, British Columbia, Quebec, Manitoba, New Brunswick, Saskatchewan, Yukon, Nunavut and the Northwest Territories, which provides it with access to 95% of Canada’s population. CannMart is currently processing purchase orders for the country’s largest provinces
To date, the average 30-day churn on U.S. subscriptions has maintained below 20%, and customer acquisition cost has reduced by 61% since March. These two critical metrics and stable supply chain efforts will enable Mikra to scale more heavily in the coming quarters.
Mikra anticipates accelerating sales of CELLF™ as it ramps up marketing activities and expands distribution channels