Quadron Cannatech (CSE:QCC) shared with investors its financial and operating results for the its 2018 Q1, which ended on July 31.

As quoted in the press release:


First quarter financial highlights (unaudited):

  • Revenue of $968,783, an 87.7 [percent] increase over Q1 July 31, 2017 and a 282 [percent] increase over Q4 2017;
  • Gross margin of $285,530 or 29 [percent] vs 26 [percent] in Q1 July 31, 2017. Gross margins fluctuate dependent upon product mix;
  • Loss of $1,137,597 compared to $416,820 for Q1 July 31, 2017. The increased loss for the quarter includes stock based compensation of $265,129, an increase in development and research of approximately $185,404, and increases in staffing and infrastructure relating to the Company’s further development of its extraction equipment and processes; and
  • Cash of $2,981,444 and working capital of $5,075,413 at quarter end.

“We have devoted a significant amount of resources toward the research and development of our automated extraction and processing equipment, in preparation for the legalization of the recreational market and the eventual inclusion of extract derived products,” states Rosy Mondin, CEO.

Click here to read the full press release.

Source: globenewswire.com

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Aurora Cannabis Inc. (NYSE: ACB) from February 13, 2020 through September 4, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Aurora Cannabis Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.

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The Portnoy Law Firm advises investors that class action lawsuits have been filed on behalf of investors in the following publicly traded companies. Shareholders interested in taking an active role in these cases have until the deadlines indicated below to petition the court. There is no cost or obligation to you. See below for more information on these cases.

Credit Acceptance Corporation investors (NASDAQ: CACC); December 1, 2020 deadline, click here to join .

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