Cannabis Global, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2022
July 20, 2022 at 03:48 pm EDT
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Cannabis Global, Inc. reported earnings results for the third quarter and nine months ended May 31, 2022. For the third quarter, the company reported revenue was USD 0.792406 million compared to USD 0.940491 million a year ago. Net loss was USD 0.474578 million compared to USD 2.81 million a year ago.
For the nine months, revenue was USD 1.99 million compared to USD 0.970717 million a year ago. Net loss was USD 0.598297 million compared to USD 5.27 million 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. 
