Agoracom: Small Cap Investment - Cannabis Global, Inc - Cannabis Global provides Q3 financial and operational update

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A Global Player in the Fast Growing and Highly Lucrative Cannabis Marketplace

The company had $1.9M in revenue (9 Months Ended May 31, 2022) up 105% vs the same period in ’21

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Cannabis Global provides Q3 financial and operational update

posted on Jul 21, 2022 08:46AM

Cannabis Global ( OTCPK:CBGL ) reported Thursday revenue of $792K for Q3 2022, a sequential increase of approximately 25% over the previous quarter.
The Los Angeles-based cannabis manufacturer said revenue growth during the quarter was a result of increased orders from recently introduced cannabis brands and an expansion of distribution related activities
Total assets rose to $14.9 million as of May 31, 2022 from approximately $11.4 million as of May 31, 2021.
"During the current quarter, which ends on August 31, 2022, the company expects to launch its Northern Lights brand consisting of premium flower-based products, edibles and solventless concentrates," report.