Can B Corp (CANB)

[skyhawk66]

CANB breaks Another Quarterly Record back to back. See Sticky Factual Information.
Looks like the misleading Opinion of going out of business or. Losing their doors has been played out 4 years ago, lol.
No wonder investors are holding on to their shares with a Kung Fu Grip.
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As Forecasted, Another Record Quarterly Revenue Record for CANB!
Can B Corp. Reports Growth of 51% to $2.9 Million Revenue for Third Quarter 2022, the Highest Quarterly Revenue in Company History

Can B Corp
Tue, November 22, 2022 at 9:30 AM
In this article:

Can B Corp

Led by a Significant Increase in Duramed, Music City Botanical and Botanical Biotech Brands

Adjusted EBITDA Loss Decreased by 25% to $1.5 Million

HICKSVILLE, NY, Nov. 22, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a health and wellness company specializing in developing, producing, and selling hemp-derived cannabinoid products, today announced the Company's financial results for the third quarter and nine months ended September 30, 2022.

Key Financial Highlights for Q3 2022

Revenue increased 51% to $2.9 million

Gross profit increased 36% to $1.9 million

Gross margin decreased to 64.3%

Adjusted EBITDA loss decreased by 25% to $1.5 million

Accounts receivable at $7.0 million

Inventory at $2.3 million

Total assets at $16.7 million

Total stockholders’ equity at $4.5 million

Key Financial Highlights for 9 Months Ended September 30, 2022

Revenue increased 130% to $6.0 million

Gross profit increased 59% to $2.8 million

Gross margin decreased to 46.0%

Adjusted EBITDA loss decreased by 15% to $4.5 million