$CANB news - Strong Gross Margin of 84%: Efficienc
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Posted On: 05/11/2021 3:43:53 PM
$CANB news - Strong Gross Margin of 84%: Efficiencies and Lower Expenses Lead to a Significant Reduction in Operating Loss
HICKSVILLE, NY / ACCESSWIRE / April 14, 2021 / Can B Corp. (OTCQB:CANB) ("Can B" or the "Company"
, a diversified health and wellness company, announced today operating and financial results for the year ended December 31, 2020.
"As it was for many companies, 2020 was a challenging year for us," commented Marco Alfonsi, Can B's Chief Executive Officer. "We took the time to right-size our expenses, focus our energy on higher margin revenue opportunities and improve our positioning for future growth and profits."
Mr. Alfonsi continued, "As an integrated Health & Wellness company providing the highest quality cannabidiol (CBD) products as well as traditional wellness products our business pipeline remains strong. We are optimistic for growth with a return to more normalcy as more and more restrictions ease from the Covid-19 pandemic. We look forward to leveraging our R&D and production facility in Lacey, WA for both our own products and private label for others."
HICKSVILLE, NY / ACCESSWIRE / April 14, 2021 / Can B Corp. (OTCQB:CANB) ("Can B" or the "Company"
, a diversified health and wellness company, announced today operating and financial results for the year ended December 31, 2020. "As it was for many companies, 2020 was a challenging year for us," commented Marco Alfonsi, Can B's Chief Executive Officer. "We took the time to right-size our expenses, focus our energy on higher margin revenue opportunities and improve our positioning for future growth and profits."
Mr. Alfonsi continued, "As an integrated Health & Wellness company providing the highest quality cannabidiol (CBD) products as well as traditional wellness products our business pipeline remains strong. We are optimistic for growth with a return to more normalcy as more and more restrictions ease from the Covid-19 pandemic. We look forward to leveraging our R&D and production facility in Lacey, WA for both our own products and private label for others."
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