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Thursday, 02/04/2021 5:19:38 PM

Thursday, February 04, 2021 5:19:38 PM

Post# of 84954
“ As a first step, I’d like to briefly recap a few noteworthy business milestones from 2020. Despite the impact of Covid-19 and associated ‘lockdowns’, Herborium® financial results actually where significantly improved. Our revenues grew 13% in comparison to 2019, with gross margin increased 14.75%. We ended 2020 with profitable 3rd and 4th quarters and an approximately 2/3rd decrease in our short term debt; all this was achieved without any changes to the capitalization table (i.e. no dilution) or other outside resources. “