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Posted On: 04/14/2021 9:20:48 AM
Post# of 89335
$CANB Recent Highlights:
Closed $2.8 million debt financing from an institutional investor, enabling the pay off and elimination of all prior outstanding convertible notes without penalty
Tripled production with the installation of new high-speed equipment to expand production at its Pure Health Products facility in Lacey, Washington
Raised a total of $4.0 million in equity with ongoing Reg A offering
Cash balance of $1.7 million, as of April 2021
Financial Highlights for the Year Ended December 31, 2020 vs. 2019:
Gross Profit Increased from 74% in 2019 to 84% in 2020 a 10% Increase
Operating Expenses Decreased $1.8 million a 24% Decrease
Operating Loss Decreased $1.5 million a 26% Decrease
Cash balance of $0.5 million
Closed $2.8 million debt financing from an institutional investor, enabling the pay off and elimination of all prior outstanding convertible notes without penalty
Tripled production with the installation of new high-speed equipment to expand production at its Pure Health Products facility in Lacey, Washington
Raised a total of $4.0 million in equity with ongoing Reg A offering
Cash balance of $1.7 million, as of April 2021
Financial Highlights for the Year Ended December 31, 2020 vs. 2019:
Gross Profit Increased from 74% in 2019 to 84% in 2020 a 10% Increase
Operating Expenses Decreased $1.8 million a 24% Decrease
Operating Loss Decreased $1.5 million a 26% Decrease
Cash balance of $0.5 million
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