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Cannara Biotech Releases Q2 Numbers

Stockhouse Editorial
0 Comments| April 29, 2019


Cannara Biotech Inc. (CSE: LOVE, OTCQB: CNBTF, Forum) today released its second quarter financial results for the Company’s fiscal 2019. Among the highlights in the announcement:

  • Commenced trading on the Canadian Securities Exchange (CSE) as of January 14, 2019
  • Extended its Phase One build-out from 130,000 to 170,000 square feet
  • Entered the U.S. hemp-CDB market via a subsidiary

As part of Cannara’s expansion of its cultivation facility, the Company has invested more than $10.5 million. With over $37 million raised in financings, Cannara’s operations remain well-financed. Looking forward, the Company has a letter of intent (LOI) in place with a Quebec microbrewery to develop cannabis-infused beverages.

Further details are available here. Cannara Biotech was recently in the news on April 8, 2019 when the Company announced adding a new director.


 
FULL DISCLOSURE: Cannara Biotech Inc. is a paid client of Stockhouse Publishing.



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