Cannabis Global, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2020
January 13, 2021 at 12:23 pm EST
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Cannabis Global, Inc. announced earnings results for the first quarter ended November 30, 2020. For the first quarter, the company announced total revenue was USD 4,530 compared to USD 10,003 a year ago. Operating loss was USD 444,161 compared to USD 366,690 a year ago. Net loss was USD 353,224 compared to USD 385,437 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 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. 
