Nutritional High Earnings Report: 400% Revenue Increase, Acquisitions, and More!

Nutritional High earnings report

To the relief of investors and the dismay of adversaries, the latest Nutritional High earnings report was relatively positive.

On July 3rd the Canadian cannabis manufacturer posted its Q3 earnings report. In the report, Nutritional High provided operational as well as financial highlights.

Nutritional High Earnings Report: The Facts

The third quarter was impressive, even the CEO of the company said something similar.

Not only did Nutritional High see a whopping increase in revenue - nearly 500% - but the company also signed a binding LoI to buy Pasa Verde.

There's more, though. In the report, the Toronto-based company noted that it raised nearly $10M in a convertible debenture.

Overall, CEO Jim Frazier credits the Q3 success to focusing on Calyx, increasing its operations, and securing its "presence in three key legal North American cannabis markets."

In a few years, Nutritional High believes that it will expand its presence in more markets.

Nutritional High Earnings Report: The Figures

Here are some of the figures that stood out the most from the Nutritional High report.

Operational Highlights:

  • $8M was raised in a convertible debenture. Why? To finance various acquisitions, expansions, and corporate infrastructure.
  • In March, the company purchased Calyx Brands. This decision ultimately helped lead to the increase in revenue the company saw in the quarter.
  • In April, Nutritional High signed a letter of intent with Pasa Verde.

Financial Highlights:

  • In Q3, revenue came in at $2,680,444. For perspective, that's an increase of 408% from the same period last year.

The Nutritional High Stock: Up, Up, Up!

When a company announces relatively good news, it seems only natural that the stock would move into the green zone. Unfortunately, that's not always the case on the market.

But it is today.

According to Google Finance, at 12:34 p.m. EDT, Nutritional High International (CSE:EAT) was trading at $0.36. This means the stock was up 1.41% at the time. As a small-cap company, Nutritional High has a market cap of roughly $104M.

The Takeaway

What did you think of the Nutritional High earnings report? Thoughts? Concerns? Let us know in the comments below!

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