Bespoke Extracts, Inc. Reports Earnings Results for the Third Quarter Ended May 31, 2020
July 09, 2020 at 04:55 pm
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Bespoke Extracts, Inc. announced earnings results for the third quarter ended May 31, 2020. For the third quarter, the company announced sales was USD 0 compared to USD 1,874 a year ago. Operating loss was USD 3.212 million compared to USD 321,316 a year ago. Net loss was USD 3.454 million compared to USD 445,876 a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 a year ago. For the nine months, sales was USD 1,739 compared to USD 55,814 a year ago. Operating loss was USD 3.928 million compared to operating Income of USD 3.332 million a year ago. Net loss was USD 4.553 million compared to net income of USD 2.899 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.05 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.
BESPOKE EXTRACTS, INC. 
