Bespoke Extracts, Inc. Reports Earnings Results for the First Quarter Ended November 30, 2018
January 23, 2019 at 08:11 pm
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Bespoke Extracts, Inc. announced earnings results for the first quarter ended November 30, 2018. For the first quarter, the company announced total revenue was USD 41,431 compared to USD 0 a year ago. Operating income was USD 4.013 million compared to operating loss of USD 1.033 million a year ago. Net income was USD 3.853 million compared to net loss of USD 1.137 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
Bespoke Extracts, Inc. operates in the regulated cannabis markets in the United States. The Company owns, manufactures, and distributes a portfolio of cannabis consumer packaged goods brands including Fresh Joints, Box-O-Joints, and Wee Joints, to licensed marijuana dispensaries across Colorado. Through its wholly owned subsidiary, Bespoke Extracts Colorado, LLC, the Company operates Wonderleaf LLC (WonderLeaf), a marijuana-infused products production facility in Aurora, Colorado. The Company manufactures a range of premium pre-rolled joints. The Company has offered cannabis products focusing on two primary categories: Branded Products and Processing Business. It plans to pursue production of brands of pre-rolled joints and other processed marijuana products under newly created brand names. It also plans to explore licensing existing brands from other states and producing them in Colorado.