CSE:$EAT, OTCQB:$SPLIF Q2 2019 Financial Highlight
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Posted On: 10/01/2019 10:55:32 AM
CSE:$EAT, OTCQB:$SPLIF Q2 2019 Financial Highlights:
• Revenue
o $6.1 million from the sale of Cannabis related products in California primarily via its wholly owned distributor, Calyx Brands Inc. (“Calyx”)
o Represents an annualized revenue run rate of $24.2 million
o Demonstrated capability to consistently drive revenues; increase over Q1 2019 and 46% growth over Q4 2018.
o At the end of January 31, 2019, the Company has now recognized a trailing twelve-month revenue from Cannabis sales of approximately $17.6 million.
• Gross Profit of 25%, indicating cost of goods sold of $4.5 million including costs of product purchase, direct labour related to products sales and an allocation of overhead directly attributable to product sales. Margin improvement of 5.5% over prior quarter partially attributable to improved Calyx sales mix.
• Revenue
o $6.1 million from the sale of Cannabis related products in California primarily via its wholly owned distributor, Calyx Brands Inc. (“Calyx”)
o Represents an annualized revenue run rate of $24.2 million
o Demonstrated capability to consistently drive revenues; increase over Q1 2019 and 46% growth over Q4 2018.
o At the end of January 31, 2019, the Company has now recognized a trailing twelve-month revenue from Cannabis sales of approximately $17.6 million.
• Gross Profit of 25%, indicating cost of goods sold of $4.5 million including costs of product purchase, direct labour related to products sales and an allocation of overhead directly attributable to product sales. Margin improvement of 5.5% over prior quarter partially attributable to improved Calyx sales mix.
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