CA- Cannabis Global, Inc Provides Revenue Guidance for the Fiscal Quarter Ended May 31, 2021
July 08, 2021 at 05:33 pm IST
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CA - Cannabis Global, Inc. provided revenue guidance for the fiscal quarter ended May 31, 2021. The company expects to report revenue of $940,000, up from $20,000 as reported on the Company’s Form 10-Q for the same period one year ago.
Cannabis Global, Inc. manufactures and distributes various cannabis products through its ownership of Natural Plant Extract, Inc. The Company is engaged in developing the Ethos Comply Bag and conducts research and development in the areas of hemp, cannabis, and consumer food goods. It operates and manages Natural Plant Extract of California, Inc. (NPE) which holds two active California cannabis licenses: a Type 7 manufacturing license and a distribution license. These licenses allow NPE to distribute cannabis products in the State of California. These products included several types of cannabis products, including Cannabis flower packaged in various weights, which are sold to California licensed cannabis retailers and distributors; cannabis pre-rolls, which are sold to California licensed cannabis retailers and distributors, and cannabis edible products, which are sold to California licensed cannabis retailers and distributors.