NetworkNewsBreaks – Cannabis Global Inc. (CBGL)
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Posted On: 10/13/2020 3:54:26 PM
NetworkNewsBreaks – Cannabis Global Inc. (CBGL) Expects Increase in Net Assets to $2.39M
Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today pre-announced some aspects of its financial performance for the fiscal year ended August 31, 2020, including a significant increase in assets reported on its balance sheet for the period. According to the update, Cannabis Global intends to file its full annual report for the fiscal year ending August 31, 2020, prior to the deadline of November 15, 2020. The company expects to report assets of approximately $2,396,558, up from $807,824 as of the end of the quarter ending May 31, 2020. “We recently made acquisitions of two valuable assets within the cannabis and hemp marketplaces,” CBGL CEO Arman Tabatabaei said in the press release. “We have made great progress in only one year developing some strong technologies, filing several provisional patents, and launching some of the industry’s most innovative products. We feel strongly that the expected significant increase in our assets will more accurately reflect the value we have created for our shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing unique infusion technologies and products, today pre-announced some aspects of its financial performance for the fiscal year ended August 31, 2020, including a significant increase in assets reported on its balance sheet for the period. According to the update, Cannabis Global intends to file its full annual report for the fiscal year ending August 31, 2020, prior to the deadline of November 15, 2020. The company expects to report assets of approximately $2,396,558, up from $807,824 as of the end of the quarter ending May 31, 2020. “We recently made acquisitions of two valuable assets within the cannabis and hemp marketplaces,” CBGL CEO Arman Tabatabaei said in the press release. “We have made great progress in only one year developing some strong technologies, filing several provisional patents, and launching some of the industry’s most innovative products. We feel strongly that the expected significant increase in our assets will more accurately reflect the value we have created for our shareholders.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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