Bespoke Extracts, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2019
January 21, 2020 at 10:25 pm IST
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Bespoke Extracts, Inc. announced earnings results for the first quarter ended November 30, 2019. For the first quarter, the company announced sales was USD 1,739 compared to USD 41,431 a year ago. Operating loss was USD 398,561 compared to operating Income of USD 4.013 million a year ago. Net loss was USD 416,405 compared to net income of USD 3.853 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.08 a year ago.
Bespoke Extracts, Inc. operates in the regulated cannabis markets in the United States. The Company owns, manufactures, and distributes a portfolio of cannabis consumer packaged goods brands including Fresh Joints, Box-O-Joints, and Wee Joints, to licensed marijuana dispensaries across Colorado. Through its wholly owned subsidiary, Bespoke Extracts Colorado, LLC, the Company operates Wonderleaf LLC (WonderLeaf), a marijuana-infused products production facility in Aurora, Colorado. The Company manufactures a range of premium pre-rolled joints. The Company has offered cannabis products focusing on two primary categories: Branded Products and Processing Business. It plans to pursue production of brands of pre-rolled joints and other processed marijuana products under newly created brand names. It also plans to explore licensing existing brands from other states and producing them in Colorado.