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Yes Sir. You just can’t fool Smart Money into selling this low float Junior Gem so easily that’s for sure.
Holding and Loading will continue :)
Excellent BG, no wonder Smart Money keeps Accumulating this Low Float Gem.
Also Let’s not forget CANB’s incredibly Low Float. $2.00 plus can easily be achieved as well.
Excellent 3rd Quarter Results for CANB! :
Can B Corp Announces Third Quarter 2020 Results
Can B Corp
Wed, November 18, 2020, 6:00 AM EST·7 min read
CANB
+3.77%
Efficiencies and Lower Expenses Lead to a Significant Reduction in Operating Loss
HICKSVILLE, NY, Nov. 18, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a diversified health and wellness company, announced today operating and financial results for the third quarter ended September 30, 2020.
Management Commentary:
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Marco Alfonsi, Can B’s Chief Executive Officer, commented, “Our focused efforts on reducing costs has led to a significant reduction in operating losses. Additionally, when backing out non-cash expenses, our adjusted operating loss decreased by 37% to just over $200,000 for the quarter, largely attributable to the lay-offs due to COVID-19 circumstances.
Mr. Alfonsi continued, “With that said, our team is driven to execute on our strong pipeline and evolve opportunities into sales and return to revenue growth. We are well-positioned with a diversified product line up, exclusive license to use LifeGuard® on various products, multi-channel distribution strategy, our R&D and production facility in Lacey, WA, and our Green Grow Farms, a licensed hemp grow and cultivation in New York. We look forward to a return to more normalcy and expect to return to growth mode in 2021.”
Pure Leaf Oil Brand Products Available at United Grocery Outlet
The initial product offerings are 3 oz. Roll-On CBD products and the first order has been delivered and sold out in several stores. Pure Leaf Oil, a product of Pure Health Products, LLC, is fulfilling reorders currently. Our team has been working to develop our white label business offerings and this is another step in growing this segment. In business since 1974, United Grocery Outlets are a highly reputable closeout grocery merchant buying and selling most products sold in supermarkets. From its distribution center in Athens, Tennessee, it operates retail outlets in Tennessee, Georgia, North Carolina, Kentucky, Virginia, and Alabama. The company currently operates 38 stores in 6 States and www.myugo.com.
Financial Highlights for the Three Months Ended September 30, 2020, vs. 2019:
· Gross Profit Increased from 77% in 2019 to 85% in 2020 an 8% Increase
· Operating Expenses Decreased $247,085 an 18% Decrease
· Operating Loss Decreased $162,628 a 17% Decrease
· Adjusted Operating Loss Decreased $122,212 a 37% Decrease
Financial Results for the Three Months Ended September 30, 2020:
Revenue for the three months ended September 30, 2020, was $459,496, a decrease of $155,926, or 25%, compared to $615,422 for the three months ended September 30, 2019. This decrease was due to the impact of the COVID-19 outbreak.
Gross profit for the three months ended September 30, 2020, was $389,115, a decrease of $84,457, or 18%, compared to $473,572 for the three months ended September 30, 2019. The resulting gross margin was 85% for the three months ended September 30, 2020, compared to 77% for the three months ended September 30, 2019.
Operating expenses for the three months ended September 30, 2020 were $1,161,751, a decrease of $247,085, or 18%, compared to $1,408,836 for the three months ended September 30, 2019. Operating expenses for the three months ended September 30, 2020, included non-cash expenses resulting from stock-based compensation for employees and consultants of $397,976 and amortization of intangible assets of $169,398, compared to $602,823 and $4,967 for the three months ended September 30, 2019.
Operating loss for the three months ended September 30, 2020, was $772,636, a decrease of $162,628, or 17%, compared to $935,264 for the three months ended September 30, 2019.
Adjusted operating loss for the three months ended September 30, 2020, was $205,262, a decrease of $122,212, or 37%, compared to $327,474 for the three months ended September 30, 2019. Adjusted operating loss does not include non-cash stock-based compensation and amortization of intangible assets.
Net loss for the three months ended September 30, 2020 was $1,233,175, an increase of $292,077, or 31%, compared to $941,099 for the three months ended September 30, 2019. The resulting EPS loss for the three months ended September 30, 2020, was a ($0.29), as compared to an EPS loss of ($0.32) for the three months ended September 30, 2019.
Financial Results for the Nine Months Ended September 30, 2020:
Revenue for the nine months ended September 30, 2020 was $1,234,287, a decrease of $531,874, or 30%, compared to $1,766,161 for the nine months ended September 30, 2019. This decrease was due to the impact of the COVID-19 outbreak.
Gross profit for the nine months ended September 30, 2020 was $994,312, a decrease of $68,242, or 6%, compared to $1,062,554 for the nine months ended September 30, 2019. The resulting gross margin was 81% for the nine months ended September 30, 2020, compared to 60% for the nine months ended September 30, 2019.
Operating expenses for the nine months ended September 30, 2020 were $3,998,414, a decrease of $608,884, or 13%, compared to $4,607,298 for the nine months ended September 30, 2019. Operating expenses for the nine months ended September 30, 2020, included non-cash expenses resulting from stock-based compensation for employees and consultants of $916,386 and amortization of intangible assets of $446,556, compared to $1,018,786 and $12,127 for the nine months ended September 30, 2019.
Operating loss for the nine months ended September 30, 2020 was $3,004,102, a decrease of $540,642, or 15%, compared to $3,544,744 for the nine months ended September 30, 2019.
Adjusted operating loss for the nine months ended September 30, 2020 was $1,641,160, a decrease of $872,671, or 35%, compared to $2,513,831 for the nine months ended September 30, 2019. Adjusted operating loss does not include non-cash stock-based compensation and amortization of intangible assets.
Net loss for the nine months ended September 30, 2020 was $3,598,208, an increase of $47,104, or 1%, compared to $3,551,104 for the nine months ended September 30, 2019. The resulting EPS loss for the nine months ended September 30, 2020, was a ($0.95), as compared to an EPS loss of ($1.30) for the nine months ended September 30, 2019.
About Can B Corp.
Can B Corp. (OTCQB: CANB) is a Health & Wellness company providing the highest quality cannabidiol (CBD) products under the brands of Canbiola, Seven Chakras, NuWellness, Pure Leaf Oil, and Duramed. Can B utilizes multi-channel distribution to reach consumers, including medical facilities, doctor offices, retailers, online and direct. Can B is also an exclusive partner of the LifeGuard® Brand in developing a line of consumer products. The Company is also launching Super Foods, a line of nutritional supplements. Can B Corp. owns and operates an R&D and production facility in Lacey, WA, and Green Grow Farms, a licensed hemp grow and cultivation in New York. To learn more about Can B Corp. and our comprehensive line of high-quality CBD products, please visit: Canbiola.com and www.CanBCorp.com, follow Can B Corp on Instagram and Facebook, or visit one of the 1,000+ retail outlets that carry Can B Corp. products.
For more information about Can B Corp., please visit: CanBCorp.com
Twitter @CanBCorp
Instagram @canbcorp
Facebook @ Can B Corp
Under 2% EOD close. Nice bounce back as Smart Money Continues to Accumulate. This Low Floater will easily be over $1.00 plus by end of year.
Only rookies watch low volume intra day trading. Smart Money knows Long Term is where CANB is going to Shine.
Patience is Key with this Junior Gem ;)
Yes Sir, only the beginning for CANB. We are headed for a Very Bright Future with this Junior Gem.
Patience is Key.
:
CANB will skyrocket during pure CBD legalization.
I Actually News is going somewhere with CANB, hit .70 yesterday. This low Floater will reach $2.00 plus easily.
Smart Money continues to Accumulate whenever possible.
Nice .70’s high today. Accumulation Continues by Smart Money, especially after today’s CANB News update.
That is pretty Amazing News Today! CANB continues to Shine Bright. No Wonder Accumulation Continues.
:
Can B Corp Triples Production at its Facility in Lacey, Washington
Can B Corp
Thu, November 12, 2020, 6:00 AM
CANB
+18.87%
Allows for Increases in Private Label and Direct-to-Consumer
HICKSVILLE, NY, Nov. 12, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a diversified health and wellness company, is pleased to announce the installation of new high-speed equipment to expand production at its Pure Health Products (“PHP”) facility in Lacey, Washington.
The new production line equipment increases capacity by 8,000 units per day and adds speed and efficiency with automated processes. Upgrading from manual to automated equipment for tinctures, salves, cryogels, and massage oils greatly increase the production output by over three hundred percent (300%). The increase in capacity enables the Company to expand its capabilities in private label and direct-to-consumer.
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Marco Alfonsi, Can B’s Chief Executive Officer, commented, “We are pleased to announce that phase two of upgrading the manufacturing capacity is nearly complete. The final equipment has been fully tested and installed in our Lacey, Washington facility’s production cleanroom. This upgrade allows Pure Health Products to produce up to 10,000 units a day of bottles, tinctures, salves, lotions, or creams combined. The plant capacity will allow a potential bottling production of $40 million in sales at wholesale price.”
Shanghai Panda Intelligent Machinery Co. was charged with the task of building a custom bottling line, designed by David Posel, Chief Scientist of PHP. The bottling line features two independent main bottling machines that merge into a single shrink-film machine and heat-shrink tunnel. The machines and layout were designed specifically with the needs of producing the CBD industry’s core retail products in mind. This custom triple bottling line with unified shrink tunnel will fill, cap, label, and shrink band all products including droppers, sprays, salves, lotions, creams, capsules, and cryogels. The main tincture and spray bottling line and the bottling line that fills the larger lotions, salves, and creams are now fully operational and on-line.
The new Capsule Pouch Packing Machine was custom configured and manufactured by Ming Yue Packaging Machinery Co. to allow PHP to produce single-use packs of their popular capsule recipes, and custom or white-label products from 1 capsule to 12 capsules in each 3x3 inch retail pouch. This machine features a custom configured dual capsule feeding system, which allows two independently controlled precision capsule feeders to deposit into the same retail pouch. This uniquely allows PHP to produce any configuration of two different capsule blends in the same unit with up to 12 total capsules.
This concept gives PHP the leading edge in first-to-market packaging as no competitor has utilized this method to-date. The lot and expiration numbers are heat-stamped onto the edge of each packet to ensure proper consumer quality standards. This custom dual-feed packaging machine is rated to produce up to 10,000 packets per day.
Spot on Again, CANB will be Huge, NASDAQ Coming. No wonder Smart Money keeps Accumulating.
Wow, Spot On...Again. CANB hitting a high of .60 so far today. Accumulation Continues, goes to show, you can’t fool Smart Money from Loading Up at these Oversold Levels.
:
Can't wait to get off the OTC exchange and onto the NASDAQ.
CANB is way out of the OTC's league.
NASDAQ is a REAL exchange without emotionally driven rookie "investors" who have REAL money.
Pure CBD legalization coming
The Badguy
Spot On Again, Nasdaq coming for CANB, no wonder Accumulation Continues, just can’t fool Smart Money from loading up at these Oversold Levels.
:
CANB will be on the NASDAQ sooner than you think.
Hemp-CBD market will excel in 2021.
CANB is miles ahead of the market.
The Badguy
Wow Almost 30% Up today, CANB looking Green and Strong Again. Exciting Positive News Soon to Follow. No wonder Smart Money keeps Accumulating at these Oversold Levels.
Spot on, CANB is on Investors Radar, hard to pull away as interest continues to grow.
:
Great volume day. Something is coming.
Pure CBD legalization coming.
CANB will be spreading their wings.
Vision
NASDAQ
Looks like Accumulation Continues by Smart Money :)
Spot on Again BG. CANB is setting up nicely and it’s Future is Very Bright Indeed. No Wonder Smart Money continues to Accumulate whenever it can :)
:
CANB HIT $2.00 IN THE MIDDLE OF A PANDEMIC. CAN YOU IMAGINE WHAT IT'LL DO ON THE NASDAQ?
Think people!
Pure CBD legalization coming.
Spot Om BG, Smart Money will Continue to Accumulate at these oversold levels all day long. Patience is Key and understood by savvy investors.
:
PURE CBD LEGALIZATION COMING
CANB will rock on the NASDAQ with their extremely tiny float.
Long Term is the name of the game with CANB, Patience is Key.
Yes Sir, Patience and Vision for CANB Investors is key.
Smart Money knows Long Term Investors will be greatly rewarded with this Gem.
Misleading, minimal selling taking place, Baby Volume today.
Smart Money has been Loading and Holding. CANB’s future is very Bright and investors will Patiently wait for its time to shine.
Yes Sir, that is Excellent News Indeed. Accumulation Continues.
Excellent Factual Information,
Very Bright Future Indeed for CANB
Wow, that is Spectacular News for CANB Indeed BJ. Accumulation Continues by Smart Money!
:
Marco Alfonsi, Can B’s Chief Executive Officer, commented, “We are really excited to have this opportunity to bring to market such a unique, powerful, and needed product such as ImmuneX2. Dr. Zarse states that he and his team have come up with a supercharged proprietary immunity blend. Our fulfillment operations in Lacey, Washington, just outside of Seattle, are ramping up preparation for expected substantial production. Our current and expanding distribution network, especially the medical offices and doctors, are prime candidates to start accepting shipments by the end of November.”
Dr. Karl Zarse stated, “It’s been an absolute pleasure working with such a professional team at Can B Corp. and its Pure Health division. This collaboration and strategy have made my dream come true in having an immune-boosting system widely available to the public. I think it’s going to be a game-changer as to why keeping an optimized immune system is so important in order to live a healthy lifestyle. I look forward to working closely with Can B in producing ImmuneX2 and distributing it through their existing sales channels and ever-expanding network.”
Dr. Karl Zarse is the founding member of Idaho Spine and Pain. He is certified by the American Board of Interventional Pain Physicians and travels throughout the country to bring his patients the most advanced therapies available. For additional information on Dr. Karl Zarse, please visit http://www.idahospineandpain.com.
LOL
I hear crickets.
Misleading, CANB continues Current its North Bound Move. Accumulation Continues by Smart Money:)
.35 was a distraction, CANB will continue its Current Upward climb. This low floater can hit $2.00 easily.
Accumulation Continues, a No Brainer to Patiently load and Hold.
Correct, almost 25% up today approaching.70 soon. Just can’t fool Smart Money, Load and Hold Folks.
Bottom in, been saying it for awhile, .60’s Plus Next. Loading and Holding Continues.
Quite the opposite, .60 about to hit and Beyond for CANB, Looking Stronger Daily.
0.58 0.06 (11.54%)CANB Corporation(CANB)
Pretty Impressive Another Green Day for CANB, .60's Plus knocking on the door :)
No loosing track...All Eyes Following CANB Daily, no?
Strong effect indeed.
Even Better almost 25% Up today, not bad at all. Buying and holding CANB by Smart Money Continues.
Absolutely, CANB 20.93% in the Green today. Goes to show Accumulation Continues...Period :)
CANB Climbing Again Today, Yep Loading and Accumulating by Smart Money Continues.
Misleading, 0.43 USD +0.010 (2.38%)
Looks Green to All.
Misleading, CANB closed in the green. Long Vision wins the Game, in the meantime All Eyes continue to follow CANB 24/7, fact.
Spot on BG, Smart Money Loading and Holding, a No Brainer!
Spot On BG, only a matter of time, .60’s Plus coming easily with this low floater. Smart Money can’t be fooled so easily. CANB Vision.