Bakhu Holdings, Corp. Reports Earnings Results for the First Quarter Ended October 31, 2019
December 24, 2019 at 02:47 am IST
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Bakhu Holdings, Corp. announced earnings results for the first quarter ended October 31, 2019. For the first quarter, the company announced operating loss was USD 32,307 compared to USD 122,002 a year ago. Net loss was USD 34,732 compared to USD 122,336 a year ago.
Bakhu Holdings, Corp. is a development-stage company. The Company hold a license from Cell Science to plant cell-extraction and replication technology and related equipment, processes, and formulations (the Licensed Science), to produce, manufacture, and sell cannabis-related byproducts - sometimes referred to as cannabinoids in North America, Central America, and the Caribbean for medical, food additive, and recreational uses. The Company is focused on testing and commercializing cannabis plant cell-extraction and replication technologies under a technology license granted by Cell Science. It also intends to sublicense the Licensed Science to third party sub-licensees. The Company has not generated any revenue.