Bespoke Extracts, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
January 16, 2024 at 08:58 pm
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Bespoke Extracts, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.244408 million. Net loss was USD 0.301529 million compared to USD 1.13 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.14 a year ago.
For the nine months, sales was USD 0.521671 million compared to USD 0.003407 million a year ago. Net loss was USD 1.21 million compared to USD 3.12 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.4 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.