Cannabis Global, Inc. Reports Earnings Results for the Second Quarter Ended February 28, 2021
April 20, 2021 at 01:48 am IST
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Cannabis Global, Inc. announced earnings results for the second quarter ended February 28, 2021. For the second quarter, the company announced total revenue was USD 25,816. Operating loss was USD 412,408 compared to USD 410,915 a year ago. Net loss was USD 2.110 million compared to USD 762,196 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.06 a year ago. For the half year, total revenue was USD 30,226 compared to USD 10,003 a year ago. Operating loss was USD 856,689 compared to USD 777,605 a year ago. Net loss was USD 2.463 million compared to USD 1.147 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.09 a 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.
CANNABIS GLOBAL, INC. 